670A.260 - Examination by Commissioner; annual reports by corporations; costs of examination; authority of Commissioner.
670A.260 Examination by Commissioner; annual reports by corporations; costs of examination; authority of Commissioner.
1. The Commissioner shall examine the corporation as often as the Commissioner deems necessary.
2. The corporation shall make reports of its condition at least annually to the Commissioner and more frequently upon the order of the Commissioner. The Commissioner shall furnish copies of these reports to the Commissioner of Insurance and the Governor. The corporation shall also furnish such other information as may be 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 1983, 1278; A 1983, 1645; 1987, 1949, 2224)