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.