NRS673.260. Annual license: Fees; renewal; penalty; regulations.

      1.  The license specified in NRS 673.250 authorizes the company, association or corporation to whom it is issued to sell its approved securities and contracts within this State for the remainder of the fiscal year ending on June 30 next succeeding. Each license is renewable, under like restrictions, annually thereafter.

      2.  For the issuing of any license provided for in NRS 673.250 and for any renewal thereof, the fee of the Commissioner is:

      (a) For each home office, not more than $400; and

      (b) For each branch office, not more than $200.

      3.  The fees must accompany the license renewal application. A penalty of 10 percent of the fee payable must be charged for each month or part thereof that the fees are not paid after June 30 of each year.

      4.  The Commissioner shall adopt regulations establishing the amount of the fees required pursuant to this section. All sums received by the Commissioner pursuant to this section must be deposited in the State Treasury pursuant to the provisions of NRS 658.091.

      [Part 15:51:1931; 1931 NCL § 970.14] + [Part 17:51:1931; A 1955, 589]—(NRS A 1959, 542; 1961, 767; 1963, 465; 1965, 1138; 1967, 978; 1973, 730; 1983, 1781; 1987, 1965, 2226; 2003, 3232; 2005, 1877)