ts therefor under this Code, he may issue to the insurer a proper certificate of authority; if he does not so find, the Commissioner shall issue his order refusing such certificate. 2. The certificate, if issued, shall state the insurer’s name, home office address, state or country of organization, and the kinds of insurance the insurer is authorized to transact throughout Nevada. At the insurer’s request, the Commissioner may issue a certificate of authority limited to particular types of insurance or coverages within a kind of insurance as defined in NRS 681A.010 to 681A.080, inclusive (kinds of insurance). 3. Although issued and delivered to the insurer, the certificate of authority at all times shall be the property of the State of Nevada. Upon any expiration, suspension or termination thereof the insurer shall promptly deliver the certificate to the Commissioner. (Added to NRS by 1971, 1583) NRS 680A.170 Amended certificate of authority. Upon written application therefor by the insurer and due cause shown, the Commissioner may amend the certificate of authority of an insurer as required by change of name or to show any change in the kinds of insurance the insurer may thereafter transact and is qualified to transact in this state. The insurer shall accompany such request with the fee for amendment as specified in NRS 680B.010 (fee schedule). (Added to NRS by 1971, 1583) NRS 680A.173 Transfer of insurer’s domicile: Foreign insurer may become domestic insurer. A foreign insurer with a certificate of authority to transact insurance in this state may become a domestic insurer by complying with the requirements of this Code for forming a domestic insurer of the same type. After complying with those requirements, the insurer has the same rights and obligations as other domestic insurers. (Added to NRS by 1983, 683) NRS 680A.175 Transfer of insurer’s domicile: Termination of status as domestic insurer; qualification as foreign insurer. 1. If a domestic insurer transfers its domicile to another state, it ceases to be a domestic insurer. 2. The Commissioner shall issue to such an insurer a certificate of authority to transact insurance as a foreign insurer if: (a) The insurer qualifies as a foreign insurer; and (b) Such certification is in the best interest of the policyholders of this state. (Added to NRS by 1983, 683) NRS 680A.177 Transfer of insurer’s domicile: Duties of insurer; effect on policies. 1. The Commissioner may require a domestic insurer which converts to a foreign insurer or a foreign insurer which converts to a domestic insurer to: (a) Obtain new licenses for its agents; (b) Make new appointments of agents; or (c) Apply for any other new license, certificate or authorization. Any license, appointment or authorization which the Commissioner does not require an insurer to renew continues in effect after the conversion. 2. All policies of an insurer remain in effect when it transfers its domicile into or out of this state. The Commissioner may require that the insurer endorse the policies with its new name or location. 3. Every insurer which transfers its domicile into or out of this state shall notify the Commissioner at least 30 days before the transfer. Such an insurer shall file new forms for its policies and any other documents required by the Commissioner with the Commissioner on or before the effective date of the transfer. The insurer may use existing forms if approved by and under the conditions imposed by the Commissioner. (Added to NRS by 1983, 683) NRS 680A.180 Continuance, expiration and reinstatement of certificate of authority. 1. A certificate of authority continues in force as long as the insurer is entitled thereto under this Code, and until suspended or revoked by the Commissioner or terminated at the insurer’s request, if, each year, the insurer: (a) Pays on or before March 1 the continuation fee provided in NRS 680B.010; (b) Files its annual statement for the next preceding calendar year as required by NRS 680A.270; and (c) Pays, if required, the premium taxes for the preceding calendar year. 2. If not so continued by the insurer, its certificate of authority expires at midnight on the May 31 next following such failure of the insurer to continue it in force, unless earlier revoked for failure to pay taxes as provided in NRS 680A.190. The Commissioner shall promptly notify the insurer of the occurrence of any failure resulting in the impending expiration of its certificate of authority. 3. The Commissioner may, upon the insurer’s request made within 3 months after expiration, reinstate a certificate of authority which the insurer has inadvertently permitted to expire, after the insurer has fully cured all its failures which resulted in the expiration, and upon payment by the insurer of the fee for reinstatement specified in subsection 1 of NRS 680B.010. Otherwise, the insurer may be granted another certificate of authority only after filing an application therefor and meeting all other requirements for an original certificate of authority in this state. (Added to NRS by 1971, 1583; A 1987, 643; 1997, 3017) NRS 680A.190 Suspension or revocation of certificate of authority: Mandatory grounds. 1. The Commissioner shall refuse to continue or shall suspend or revoke an insurer’s certificate of authority: (a) If such action is required by any provision of this Code; (b) If it is a foreign insurer and it no longer meets the requirements for a certificate of authority, on account of deficiency of capital or surplus or otherwise; (c) If it is a domestic insurer and it has failed to cure an impairment of capital or surplus within the time allowed therefor by the Commissioner under this Code or is otherwise no longer qualified for the certificate of authority; (d) If the insurer’s certificate of authority to transact insurance therein is suspended or revoked by its state of domicile, or state of entry into the United States of America if an alien insurer; (e) For failure of the insurer to pay taxes on its premiums if required by this Code; or (f) For failure of the insurer to furnish information to the Commissioner relating to medical malpractice insurance issued by the insurer in this State or any other state. 2. Except in case of insolvency, impairment of required capital or surplus, or suspension or revocation by another state, the Commissioner shall give the insurer at least 20 days’ notice in advance of any such refusal, suspension or revocation under this section, and of the particulars of the reasons therefor. If the insurer requests a hearing thereon within those 20 days, the Commissioner’s proposed action is automatically stayed until his order is made after the hearing. (Added to NRS by 1971, 1584; A 1975, 1304; 1987, 643) NRS 680A.200 Suspension, limitation or revocation of certificate of authority: Grounds; notice. 1. Except as otherwise provided in NRS 616B.472, the Commissioner may refuse to continue or may suspend, limit or revoke an insurer’s certificate of authority if he finds after a hearing thereon, or upon waiver of hearing by the insurer, that the insurer has: (a) Violated or failed to comply with any lawful order of the Commissioner; (b) Conducted his business in an unsuitable manner; (c) Willfully violated or willfully failed to comply with any lawful regulation of the Commissioner; or (d) Violated any provision of this Code other than one for violation of which suspension or revocation is mandatory. In lieu of such a suspension or revocation, the Commissioner may levy upon the insurer, and the insurer shall pay forthwith, an administrative fine of not more than $2,000 for each act or violation. 2. Except as otherwise provided in chapter 696B of NRS, the Com

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