We discuss the properties of a master equation on density matrices with nonlinear mean-field Hamiltonian that models a simple laser. We show the existence of a unique regular family (ρ_t )t≥0 of density matrices which is a stationary solution. In case a relevant parameter Cb is less than 1, we prove that any regular solution converges exponentially fast to the equilibrium. A locally exponential stable limit cycle arises at the regular stationary state as Cb crosses the critical value 1 so that the nonlinear GKLS equation has a Poincaré-Andronov-Hopf bifurcation at Cb = 1 of supercritical-like type. Moreover, the limit cycle is locally exponentially stable if another function of relevant parameters is between the first and second laser thre...