{"data":{"id":"us-nv/nrs-696a.080","jurisdiction":"us-nv","citation":"NRS 696A.080","heading":"Deposit and maintenance of security: Form; amount.","body":"1. A person shall not render or agree to render motor club service without first depositing and thereafter continuously maintaining security in one of the following forms with the Commissioner:\n(a) The sum of $100,000 in cash.\n(b) Securities approved by the Commissioner, having a market value of $100,000 and being of a type approved by the Commissioner and legal for investment by admitted insurers issuing nonassessable policies on a reserve basis.\n(c) A surety bond which complies with NRS 679B.175 and is in the principal sum of $100,000, with an admitted surety insurer as surety.\n2. In lieu of the deposit required by subsection 1, a foreign or alien motor club may deposit evidence satisfactory to the Commissioner that it has on deposit with an officer of a state of the United States of America, authorized by the law of such state to accept such deposit:\n(a) Securities which meet the requirements of paragraph (b) of subsection 1 of at least a like amount for the benefit and security of all members and creditors of such motor club; or\n(b) A surety bond, in the principal sum of $100,000, 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.","path":["TITLE 57 — INSURANCE","CHAPTER 696A - MOTOR CLUBS"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-696A.html#NRS696ASec080","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:46Z","sha256":"16f7d628603758e442d85088b22c8eef50137f7574bfd54a785fa4d5621d4348","source_id":"us-nv","stale":false,"prev":"us-nv/nrs-696a.070","next":"us-nv/nrs-696a.090"},"notice":"GroundRules: Original legal text. Not legal advice."}