0, which meets the requirements of NRS 696A.090, issued by a bonding company authorized to do business in the State of Nevada and in the state where the bond is posted. (Added to NRS by 1971, 1877) NRS 696A.090 Purpose and conditions of security. Such security shall: 1. Be for the protection, use and benefit of all persons whose applications for membership in a motor club have been accepted by such club or its representative. 2. Be subject to the following conditions and, if a bond, shall be so expressly conditioned: (a) The club will faithfully furnish and render to such persons any and all of the motor club services sold or offered for sale by it. (b) The club will pay any fines, fees or penalties imposed upon it under or pursuant to this chapter. (Added to NRS by 1971, 1877) NRS 696A.100 Persons authorized to sue on bond. If such bond or evidence that such bond is filed in another state is filed, any person defrauded or injured by any wrongful act, misrepresentation or failure on the part of a motor club with respect to the selling or rendering of any of its services may bring suit on such bond in his own name; but the aggregate liability of the surety for all such suits shall, in no event, exceed the sum of such bond. (Added to NRS by 1971, 1877) NRS 696A.110 Deposit in lieu of bond: Conditions; execution on judgments against club. A deposit of cash or securities, in lieu of such bond, shall be subject to the conditions applying to the bond and is also subject to execution on judgments against the club. (Added to NRS by 1971, 1878) NRS 696A.120 Name of club: Submission to Commissioner; rejection of similar name. The name of a motor club shall be submitted to the Commissioner for approval pursuant to NRS 696A.140, before the commencement of business under the provisions of this chapter. The Commissioner may reject any name so submitted when the proposed name would interfere with the transactions of a motor club already doing business in this state or is so similar to one already appropriated as to confuse or is likely to mislead the public in any respect. In such case a name not liable to such objections shall be chosen. (Added to NRS by 1971, 1878) NRS 696A.130 Necessity for certificate. A person shall not render or agree to render motor club service in this state without first procuring from the Commissioner a certificate of authority so to act. (Added to NRS by 1971, 1878) NRS 696A.140 Certificate of authority: Application; fees; bond. The Commissioner shall not issue a certificate of authority to any motor club until: 1. It files with him the following: (a) A formal application for the certificate in such form and detail as the Commissioner requires, executed under oath by its president or other principal officer. (b) A certified copy of its charter or articles of incorporation and its bylaws. 2. It pays to him the following: (a) A fee of $500 for the filing of an application for the certificate; and (b) A fee of $283 for the issuance of the certificate. 3. It deposits the required cash, securities, bond or evidence of such a deposit in another state as provided in NRS 696A.080 with the Commissioner. 4. Its name is approved by the Commissioner pursuant to NRS 696A.120. (Added to NRS by 1971, 1878; A 1987, 471; 1991, 2206) NRS 696A.150 Certificate of authority: Expiration; fee for renewal. Every certificate of authority issued to a motor club expires annually on March 1 unless it is revoked or suspended. The certificate may be renewed by paying to the Commissioner an annual fee for renewal of $500 before the expiration of the certificate. (Added to NRS by 1971, 1878; A 1987, 472; 1991, 1635; 1993, 614) NRS 696A.160 Certificate of authority: Revocation or suspension; notice to public. 1. The Commissioner shall revoke or suspend the certificate of authority of a motor club whenever, after a hearing, he finds in accordance with the procedure provided in NRS 679B.310 to 679B.370, inclusive, that any of the following circumstances exist: (a) The club has violated any provision of this chapter. (b) It is insolvent. (c) Its assets are less than its liabilities. (d) It or its officers refuse to submit to an examination. (e) It is transacting business fraudulently. 2. The Commissioner shall give notice of such revocation or suspension to the public in such manner as he deems proper. (Added to NRS by 1971, 1879) NRS 696A.170 Examination. 1. Every motor club shall be subject to examination by the Commissioner in the manner and under the conditions provided for examination of insurers contained in NRS 679B.230 to 679B.290, inclusive. 2. The expense of such examination shall be paid by the motor club. (Added to NRS by 1971, 1879) NRS 696A.180 Commissioner to be appointed attorney upon whom process may be served; duties of Commissioner. 1. Every motor club desiring to transact business in this state shall file with the Commissioner a duly executed instrument whereby the motor club shall appoint and constitute the Commissioner and his successor or successors in office the true and lawful attorney of such motor club upon whom all lawful process in any action or legal proceeding against it on a contract issued or cause of action arising in this state may be served, and shall agree that any such lawful process against it which may be served upon its attorney as provided in this section shall be of the same force and validity as if served upon the motor club and that the authority thereof shall continue in force irrevocably so long as any liability of the motor club in the State remains outstanding. The fee for filing such power of attorney shall be $5. 2. Process authorized by such instrument or by any similar instrument executed prior to January 1, 1972, shall be served in the manner and under the conditions provided in NRS 680A.260. (Added to NRS by 1971, 1879) NRS 696A.185 Annual filing requirements; annual fees and assessments; administrative penalty. 1. Every motor club shall file with the Commissioner on or before March 1 of each year a report which summarizes its activities for the preceding calendar year. The report must be verified by at least two officers of the motor club. 2. The report must be on a form prescribed by the Commissioner and must include: (a) A financial statement for the motor club, including its balance sheet and receipts and disbursements for the preceding calendar year; (b) Any material changes in the information given in the previous report; (c) The number of members enrolled in the year; (d) The costs of all services provided for that year; and (e) Any other information relating to the motor club requested by the Commissioner. 3. The motor club must pay to the Commissioner an annual fee of $500. 4. Every motor club shall file with the Commissioner on or before June 1 of each year a financial statement of the motor club certified by an independent public accountant. 5. Any motor club failing, without just cause beyond its reasonable control, to file timely the report or financial statement required by this section 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. 6. A motor club is not exempt from the provisions of NRS 679B.700. (Added to NRS by 1987, 471; A 1991, 1635, 2207; 1993, 613) NRS 696A.190 Information for members; service contract. 1. Every motor club shall furnish to its members a service contract or a membership card and the following information: (a) The exact nam

Vegas Law