670.250 - Examination by Commissioner; annual reports by corporation; regulations; costs of examination; authority of Commissioner.
670.250 Examination by Commissioner; annual reports by corporation; regulations; costs of examination; authority of Commissioner.
1. The Commissioner shall examine the corporation as often as the Commissioner deems necessary.
2. The corporation shall report upon its condition annually to the Commissioner:
(a) Within 60 days after the close of its fiscal year, unless the Commissioner determines that there is good cause to extend that period; and
(b) At any other time ordered by the Commissioner.
Ê The Commissioner may impose and collect a fee of not more than $10 for each day the annual report is overdue. The Commissioner shall adopt regulations establishing the amount of the fee that may be imposed pursuant to this subsection. The Commissioner shall furnish copies of these reports to the Commissioner of Insurance and the Governor. The corporation shall also furnish any other information required by the Commissioner or the Secretary of State.
3. The corporation shall pay a fee for conducting the examination and preparing the report of the examination at the rate established pursuant to NRS 658.101.
4. The Commissioner shall exercise the same supervisory authority over corporations organized under this chapter as the Commissioner exercises over banks and trust companies chartered by the State.
(Added to NRS by 1975, 1826; A 1979, 582; 1983, 1764; 1987, 1948, 2223; 1989, 920; 2005, 1852)