intment were authorized to do so on behalf of the insurer. 2. The appointment must be irrevocable, must bind the insurer and any successor in interest to the assets or liabilities of the insurer, and must remain in effect as long as there is in force any contract of the insurer in this state or any obligation of the insurer arising out of its transactions in this state. 3. Service of such process against a foreign or alien insurer must be made only by service thereof upon the Commissioner. 4. Service of such process against a domestic insurer may be made as provided in this section, or in any other manner provided by Nevada Rules of Civil Procedure. 5. At the time of application for a certificate of authority the insurer shall file the appointment with the Commissioner, together with a designation of the person to whom process against it served upon the Commissioner is to be forwarded. The insurer shall provide written notice to the Commissioner of any change of such a designation by a new filing. (Added to NRS by 1971, 1587; A 1985, 607) NRS 680A.260 Method of serving process; extension of time to appear; record. 1. Service of process against an insurer for whom the Commissioner is attorney must be made by delivering to and leaving with the Commissioner, his deputy, or a person in apparent charge of his office during the Commissioner’s absence, two copies of the process, together with the fee therefor as specified in NRS 680B.010, taxable as costs in the action. 2. Upon such service the Commissioner shall forthwith mail by certified mail one of the copies of such process, with the date and time of service of the same on the Commissioner noted thereon, to the person currently designated by the insurer to receive the copy as provided in NRS 680A.250. Service of process is complete when the copy has been so mailed. 3. Process served in the manner provided by this section for all purposes constitutes valid and binding personal service upon the insurer within this state. If summons is served under this section, the time within which the insurer is required to appear must be extended an additional 10 days beyond that otherwise allowed by Nevada Rules of Civil Procedure. 4. The Commissioner shall keep a record of the day of service upon him of all legal process. 5. For the purposes of this section, “process” includes only a summons or the initial documents served in an action. The Commissioner is not required to serve any documents after the initial service of process. (Added to NRS by 1971, 1587; A 1985, 608) NRS 680A.265 Filing of annual financial statement; reporting of violation of law found during audit; penalty for failure to file statement; consolidation of statements prohibited; regulations. 1. Except as otherwise provided in subsection 5, every: (a) Domestic insurer; (b) Fraternal benefit society authorized to do business in this State pursuant to chapter 695A of NRS; and (c) Corporation subject to the provisions of chapter 695B of NRS, shall file with the Commissioner, on or before June 1 of each year, a financial statement as of December 31 of the preceding calendar year that is certified by a certified public accountant who is not an employee of the insurer. The Commissioner may request a financial statement from a foreign or alien insurer. 2. If a certified public accountant finds any violation of the laws of this State during any audit he conducts pursuant to subsection 1, he shall, if the Commissioner has adopted regulations pursuant to subsection 6 pertaining to the reporting of a violation found during an audit, report the violation in accordance with those regulations. 3. An insurer who does not file a report pursuant to subsection 1 on or before June 1 of each year is subject to the penalty imposed pursuant to NRS 680A.280. 4. A statement filed with the Commissioner must not be a consolidated report with any other subsidiary, affiliate or parent company. 5. The provisions of this section do not apply to a domestic insurer who: (a) Is not licensed or authorized to do business in any state other than Nevada; or (b) Is exempted from the requirements of this section by order of the Commissioner for good cause shown. 6. The Commissioner may adopt reasonable regulations relating to annual audited financial reports to administer the provisions of this section. (Added to NRS by 1991, 2026; A 1995, 1755) NRS 680A.270 Filing of annual statement by authorized insurers; fee; regulations; confidentiality of certain information. 1. Each authorized insurer shall annually on or before March 1, or within any reasonable extension of time therefor which the Commissioner for good cause may have granted on or before that date, file with the Commissioner a full and true statement of its financial condition, transactions and affairs as of December 31 preceding. The statement must be: (a) In the general form and context of, and require information as called for by, an annual statement as is currently in general and customary use in the United States for the type of insurer and kinds of insurance to be reported upon, with any useful or necessary modification or adaptation thereof, supplemented by additional information required by the Commissioner; (b) Prepared in accordance with: (1) The Annual Statement Instructions for the type of insurer to be reported on as adopted by the National Association of Insurance Commissioners for the year in which the insurer files the statement; and (2) The Accounting Practices and Procedures Manual adopted by the National Association of Insurance Commissioners and effective on January 1, 2001, and as amended by the National Association of Insurance Commissioners after that date; and (c) Verified by the oath of the insurer’s president or vice president and secretary or actuary, as applicable, or, in the absence of the foregoing, by two other principal officers, or if a reciprocal insurer, by the oath of the attorney-in-fact, or its like officers if a corporation. 2. The statement of an alien insurer must be verified by its United States manager or other officer who is authorized to do so, and may relate only to the insurer’s transactions and affairs in the United States unless the Commissioner requires otherwise. If the Commissioner requires a statement as to the insurer’s affairs throughout the world, the insurer shall file the statement with the Commissioner as soon as reasonably possible. 3. The Commissioner may refuse to continue, or may suspend or revoke, the certificate of authority of any insurer failing to file its annual statement when due. 4. At the time of filing, the insurer shall pay the fee for filing its annual statement as prescribed by NRS 680B.010. 5. The Commissioner may adopt regulations requiring each domestic, foreign and alien insurer which is authorized to transact insurance in this state to file the insurer’s annual statement with the National Association of Insurance Commissioners or its successor organization. 6. All ratios of financial analyses and synopses of examinations concerning insurers that are submitted to the Division by the National Association of Insurance Commissioners’ Insurance Regulatory Information System are confidential and may not be disclosed by the Division. (Added to NRS by 1971, 1588; A 1995, 1755; 2003, 3279) NRS 680A.280 Penalties for late or false annual statements. 1. Any insurer failing, without just cause beyond the reasonable control of the insurer, to file its annual statement as required in NRS 680A.270 shall be required to pay a penalty of $100 for each day’s delay, but not to exceed $3,000 in aggregate amount, to be recovered in the name of the State of Nevada by the Attorney General. 2. Any director, officer, agent or employee of any insurer who s

Vegas Law