1. Every surety, except a corporate surety which is approved as provided by law, shall justify by affidavit and may be required to describe in the affidavit: (a) The property by which the surety proposes to justify and the encumbrances thereon; (b) The number and amount of other bonds and undertakings for bail entered into by the surety and remaining undischarged; and (c) All other liabilities. 2. No bond shall be approved unless the surety thereon appears to be qualified. 3. A corporate surety that is authorized to transact insurance in this State pursuant to chapter 680A of NRS is a sufficient surety for all courts and shall be deemed to be qualified for purposes of this section.
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