NAC720.270. Prerequisites to issuance and renewal of license.

Except as otherwise provided in NAC 720.260, the Secretary of State may issue a license to, or renew the license of, a certification authority who meets the qualifications for a license set forth in NAC 720.250 and submits to the Secretary of State:

     1. A completed application that complies with the requirements of NAC 720.280.

     2. The amounts required pursuant to NAC 720.430 and 720.810.

     3. Proof of his or her identity or, if the certification authority is a business entity, proof of existence and good standing of the certification authority in the following form:

     (a) If the certification authority is formed, incorporated, organized, registered, qualified to transact business or otherwise created in the State of Nevada pursuant to the provisions of title 7 of NRS, a certificate of existence and good standing from the Secretary of State. To comply with the provisions of this paragraph, the certification authority must submit a separate application to the Secretary of State to receive a certificate of existence and good standing.

     (b) If the certification authority is formed, incorporated, organized, registered, qualified to transact business or otherwise created in a state or territory other than the State of Nevada, in the District of Columbia, in a possession of the United States or in a foreign country, a certificate of existence and good standing if the jurisdiction has such a certificate, or an equivalent form signifying that the certification authority has been formed, incorporated, organized, registered, qualified to transact business or otherwise created in that jurisdiction from the appropriate governmental agency of each jurisdiction in which the certification authority is formed, incorporated, organized, registered, qualified to transact business or otherwise created.

     4. Proof that he or she has suitable insurance.

     5. A report of an audit of the policies, practices, procedures, facilities and computer hardware and software of the applicant which:

     (a) Establishes that the applicant operates a trustworthy system; and

     (b) Was obtained pursuant to an audit performed in compliance with the requirements of NAC 720.320 and 720.330, except that the audit and report required for the initial issuance of a license is not required to include any matters other than compliance with the requirements of paragraph (a).

     6. The documentation required pursuant to NAC 720.340.

     7. A certification practice statement that complies with the requirements of NAC 720.360.

     (Added to NAC by Sec’y of State by R155-98, eff. 12-2-99; A by R040-03, 12-4-2003)