Certificate of authority: Issuance and renewal; effect; record; copies; fees.
1. The Commissioner may make such examination and require such further information as he deems advisable. Upon presentation of satisfactory evidence that the society has complied with all applicable provisions of law, he shall issue to the society a certificate of authority indicating that the society may transact business pursuant to the provisions of this chapter.
2. The certificate of authority is prima facie evidence of the existence of the society on the date of the certificate.
3. The Commissioner shall cause a record of the certificate of authority to be made. A certified copy of the record may be given in evidence with like effect as the original certificate of authority.
4. For the issuance or renewal of a certificate of authority, a society must pay to the Commissioner:
(a) A fee of $250 if the number of outstanding benefit contracts within Nevada of the society is 600 or less;
(b) A fee of $500 if the number of outstanding benefit contracts within Nevada of the society is more than 600 but less than 1,200; and
(c) A fee of $2,450 if the number of outstanding benefit contracts within Nevada of the society is 1,200 or more.
ÊEach such certificate or renewal expires on March 1 following its issuance.
5. If a society properly applies for the renewal of its certificate of authority but does not receive approval of its application by March 1, it may continue to transact business pursuant to this chapter unless it receives notice that the application for renewal is specifically denied.
6. A certified copy or duplicate of a certificate of authority is prima facie evidence that the society may lawfully transact business in this state pursuant to the provisions of this chapter during the period stated on the license.
Last modified: February 27, 2006