be filed with the Commissioner within 120 days after the end of that fiscal year. 4. If an organization fails to file timely the report or financial statement required by this section, it shall pay an administrative penalty of $100 per day until the report or statement is filed, except that the total penalty must not exceed $3,000. The Attorney General shall recover the penalty in the name of the State of Nevada. 5. The Commissioner may grant a reasonable extension of time for filing the report or financial statement required by this section, if the request for an extension is submitted in writing and shows good cause. 6. The organization shall pay the Department of Taxation the annual tax, any penalty for nonpayment or delinquent payment of the tax imposed in chapter 680B of NRS, and a filing fee of $25 to the Commissioner, at the time the annual report is filed. (Added to NRS by 1983, 2026; A 1987, 471; 1991, 2206; 1993, 1923; 1995, 1633, 2682) NRS 695D.270 Examination of organization by Commissioner. 1. The Commissioner shall, once: (a) Every 6 months for the first 3 years after an organization for dental care receives its certificate of authority; and (b) Each year thereafter, conduct an examination of the organization pursuant to NRS 679B.250 to 679B.300, inclusive. 2. The Commissioner may examine any organization which holds a certificate of authority from this state or another state at any other time he deems necessary. For those organizations transacting business in this state which are not organized in this state, the Commissioner may accept a full report of the last examination of the organization certified by the state officer who supervises those organizations in the other state, if that examination is equivalent to an examination conducted by the Commissioner. 3. The Commissioner shall, in like manner, examine all organizations applying for a certificate of authority. (Added to NRS by 1983, 2027) NRS 695D.280 Rehabilitation, liquidation or conservation. Any rehabilitation, liquidation or conservation of an organization for dental care shall be deemed to be the rehabilitation, liquidation or conservation of an insurer and must be conducted pursuant to chapter 696B of NRS. (Added to NRS by 1983, 2027) NRS 695D.290 Trade practices and frauds. The provisions of NRS 686A.010 to 686A.310, inclusive, relating to trade practices and frauds apply to organizations for dental care. (Added to NRS by 1983, 2027) NRS 695D.300 Disciplinary actions; penalties. 1. The Commissioner may suspend or revoke any certificate of authority issued to an organization for dental care or impose a fine of not more than $500 for each violation if he finds that: (a) The organization is operating contrary to the information it submitted to him for its certificate of authority; (b) The organization issued a policy to a member which was not approved by the Commissioner; (c) The plan for dental care does not provide basic services appropriate for such a plan; (d) The organization can no longer meet its obligations to members or prospective members; (e) The organization or any person on its behalf has advertised its plan in an untrue, misleading, deceptive or unfair manner; or (f) The organization has failed to comply substantially with this chapter or the regulations of the Commissioner. 2. If the certificate of authority of an organization is suspended, the organization shall not, during the period of the suspension, accept any new members and shall not advertise for or solicit any new members. 3. If the certificate of authority of an organization is revoked, the organization shall proceed, immediately following the order, to terminate its affairs and shall conduct no other business. The Commissioner, by written order, may approve the continued operation of the organization for a specified time if the Commissioner finds that the members need that time to obtain coverage for dental care from another organization or insurer. (Added to NRS by 1983, 2027) NRS 695D.310 Notice of disciplinary action; hearing; order. 1. If the Commissioner believes that grounds for denying a certificate of authority or for suspending or revoking a certificate exist, he shall notify the organization for dental care in writing, specifying the grounds for the denial, suspension or revocation and fix a time for a hearing on the matter within 30 days after the notice. 2. After the hearing or upon the failure of the organization to appear at the hearing, the Commissioner shall enter a written order of his decision which must be mailed by certified mail to the organization. (Added to NRS by 1983, 2028) CHAPTER 695E - LIABILITY RISK RETENTION GENERAL PROVISIONS NRS 695E.010 Statement of purpose. NRS 695E.020 Definitions. NRS 695E.030 “Completed operations liability” defined. NRS 695E.040 “Domicile” defined. NRS 695E.050 “Hazardous financial condition” defined. NRS 695E.060 “Liability” defined. NRS 695E.070 “Personal risk liability” defined. NRS 695E.080 “Plan of operation” defined. NRS 695E.090 “Product liability” defined. NRS 695E.100 “Purchasing group” defined. NRS 695E.110 “Risk retention group” defined. PURCHASING GROUPS NRS 695E.120 Requirements. NRS 695E.125 Notification of change in information provided to Commissioner. NRS 695E.130 Purchase of insurance; exemption from certain laws. NRS 695E.135 Extent of liability for payment of premium tax. RISK RETENTION GROUPS NRS 695E.140 Requirements. NRS 695E.150 Identifying statement; plan of operation; Commissioner to serve as agent for service of process; filing fee. NRS 695E.160 Submission of financial statement, examinations, audits and other information. NRS 695E.170 Applicability of other provisions. NRS 695E.180 Notice required in policy. NRS 695E.190 Examination by Commissioner; compliance with order of Commissioner; enforcement of order issued by federal court. NRS 695E.200 Prohibited acts. MISCELLANEOUS PROVISIONS NRS 695E.210 Applicability of other provisions; fines and penalties for violation of chapter. NRS 695E.220 Annual notice of intent to continue doing business in Nevada. _________ GENERAL PROVISIONS NRS 695E.010 Statement of purpose. The purpose of this chapter is to regulate the formation and operation in this state of organizations formed pursuant to the provisions of the Liability Risk Retention Act of 1986. (Added to NRS by 1987, 1327) NRS 695E.020 Definitions. As used in this chapter, the words and terms defined in NRS 695E.030 to 695E.110, inclusive, have the meanings ascribed to them in those sections. (Added to NRS by 1987, 1327) NRS 695E.030 “Completed operations liability” defined. 1. “Completed operations liability” means liability arising out of the installation, maintenance or repair of any product at a site that is not owned or controlled by: (a) Any person who performs the work; or (b) Any person who hires an independent contractor to perform the work. 2. The term includes liability for activities that are completed or abandoned before the occurrence giving rise to the liability. (Added to NRS by 1987, 1328) NRS 695E.040 “Domicile” defined. “Domicile” means: 1. For a corporation, the state in which it is incorporated; and 2. For any other person, the state of his principal place of business. (Added to NRS by 1987, 1328) NRS 695E.050 “Hazardous financial condition” defined. “Hazardous financial condition” means that, based on its present or reasonably anticipated financial condition, a risk rete

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