If a society fails to file the annual statement in the form and within the time provided by NRS 695A.450, it shall pay to the Commissioner $100 for each day that the statement remains unfiled or deficient, and, upon notice by the Commissioner to that effect, its authority to do business in this state ceases until the statement is properly filed.
(Added to NRS by 1971, 1857; A 1991, 242)