Title 20, Insurance

A. A captive insurer that is domiciled in this state and that meets the definition of dormant captive insurer may apply for a certificate of dormancy by submitting an application to the director on a form prescribed by the director. The certificate of dormancy is subject to renew…

In this article, unless the context otherwise requires: 1. "Administrator" means a third party other than the warrantor who is designated by the warrantor to be responsible for the administration of vehicle protection product warranties. 2. "Incidental costs" means expenses that …

A vehicle protection product that is sold or offered for sale in this state and that meets the requirements of section 20-1099.02 is not subject to this title. Vehicle protection product warrantors and related vehicle protection product sellers and administrators that comply with…

A. To be exempted from this title, a vehicle protection product shall: 1. Identify the warrantor, the seller, the warranty holder and the terms of the sale. 2. Conspicuously state that the obligations of the warrantor to the warranty holder are guaranteed under a warranty reimbur…

This article shall not apply to: 1. Reinsurance. 2. Policies or contracts not issued for delivery in this state nor delivered in this state, except as provided in section 20-1110, subsection G (approval of forms for delivery in jurisdictions where local approval not provided for)…

"Policy" means contract of or agreement for or effecting insurance, or the certificate thereof, by whatever name called, and includes all clauses, riders, endorsements and papers attached thereto and a part thereof.

"Premium" is the consideration for insurance, by whatever name called.

A. Any individual of competent legal capacity may procure or effect an insurance contract on his own life or body for the benefit of any person. But no person shall procure or cause to be procured any insurance contract on the life or body of another individual unless the benefit…

A. No insurance contract on property or of any interest therein or arising therefrom shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured. B. "Insurable interest" as used in this section means any actual, la…

A. Any person of competent legal capacity may contract for insurance. B. A minor who is at least fifteen years of age as of the minor's nearest birthday may contract, notwithstanding the minor's minority, for life or disability insurance on the minor's own life or body, for the m…

No life or disability insurance contract upon an individual, except a contract of group life insurance or of group or blanket disability insurance, shall be made or effectuated unless at the time of making the contract the individual insured, being of competent legal capacity to …

A. An application for the issuance of any life or disability insurance policy or contract is not admissible in evidence in any action relative to such policy or contract, unless a true copy of the application was attached to or otherwise made a part of the policy when issued and …

All statements and descriptions in any application for an insurance policy or in negotiations therefor, by or in behalf of the insured, shall be deemed to be representations and not warranties. Misrepresentations, omissions, concealment of facts and incorrect statements shall not…

A. Any life or disability insurance policy form, life or disability insurance application form where written application is required and is to be made a part of the policy and printed rider or endorsement form shall not be delivered or issued for delivery in this state by a life …

A. The director shall adopt and promulgate rules and regulations governing the form and readability of various types of insurance policies including title insurance policies. Such rules and regulations may provide that the readability requirements established pursuant to this sub…

A. The director shall disapprove any form of policy, application, rider or endorsement or withdraw any previous approval thereof only: 1. If it is in any respect in violation of or does not comply with this title. 2. If it contains or incorporates by reference any inconsistent, a…

A. Insurance contracts shall contain such standard provisions as are required by the applicable provisions of this title pertaining to contracts of particular kinds of insurance. The director may waive the required use of a particular standard provision in a particular insurance …

A. The written instrument in which a contract of insurance is set forth is the policy. B. Every policy shall specify: 1. The names of the parties to the contract. 2. The insurer's name. 3. The subject of the insurance. 4. The risks insured against. 5. The time when the insurance …

No policy shall contain any provision purporting to make any portion of the charter, bylaws or other constituent document of the insurer a part of the contract unless such portion is set forth in full in the policy. Any policy provision in violation of this section shall be inval…

A. No policy delivered or issued for delivery in this state and covering a subject of insurance resident, located or to be performed in this state, shall contain any condition, stipulation or agreement: 1. Requiring the policy to be construed according to the laws of any other st…

A. Every insurance policy shall be executed in the name of and on behalf of the insurer by its officer, attorney-in-fact, employee or representative duly authorized by the insurer. B. A facsimile signature of any such executing individual may be used in lieu of an original signat…

A. Two or more authorized insurers may jointly issue, and shall be jointly and severally liable on, an underwriters' policy bearing their names. Any one insurer may issue policies in the name of an underwriter's department and such policy shall plainly show the true name of the i…

Any insurance policy, rider or endorsement issued after January 1, 1955 and otherwise valid which contains any condition or provision not in compliance with the requirements of this title shall not be thereby rendered invalid but shall be construed and applied in accordance with …

A. Every insurance contract shall be construed according to the entirety of its terms and conditions as set forth in the policy and as amplified, extended or modified by any rider, endorsement or application attached to and made a part of the policy. B. An insurance policy that i…

A. Binders or other contracts for temporary insurance may be made orally or in writing, and shall be deemed to include all the usual terms of the policy as to which the binder was given together with such applicable endorsements as are designated in the binder, except as supersed…

Any insurance policy terminating by its terms at a specified expiration date and not otherwise renewable, may be renewed or extended at the option of the insurer upon a currently authorized policy form at the premium rate then required therefor for a specific additional period or…

A policy may be assignable or not assignable, as provided by its terms. Subject to its terms relating to assignability, any life or disability policy, when issued, under the terms of which the beneficiary may be changed upon the sole request of the insured, may be assigned either…

No insurance contract insuring against loss or damage through legal liability for the bodily injury or death by accident of any individual, or for damage to the property of any person, shall be retroactively annulled by any agreement between the insurer and the insured after the …

A. If two or more policies affording valid and collectible automobile liability insurance apply to the same motor vehicle in an occurrence out of which a liability loss shall arise, and one of such policies affords coverage to a named insured engaged in the business of selling, r…

When the proceeds of or payments under a life or disability insurance policy or annuity contract become payable in accordance with the terms of the policy or contract, or the exercise of any right or privilege thereunder, and the insurer makes payment thereof in accordance with t…

Notwithstanding the provisions of section 25-211, when payment or refund is made to an employee, former employee or his beneficiary or estate pursuant to a written retirement, death or other employee benefit plan or savings plan, or when the proceeds of, or payments under, a poli…

A. When calculating an enrollee's contribution to any out-of-pocket maximum, deductible, copayment, coinsurance or other applicable cost sharing requirement, the health care insurer that provides pharmacy benefits or a pharmacy benefits manager that administers pharmacy benefits …

Where the individual insured or the annuitant and the beneficiary designated in a life insurance policy or policy insuring against accidental death or in an annuity contract have died and there is not sufficient evidence that they have died otherwise than simultaneously, the proc…

A. The benefits payable upon the death of the insured and provided in any life or disability insurance policy made payable to or for the benefit of the spouse of the insured shall, unless contrary to the terms of the policy, inure upon their becoming payable, to the separate use …

An insurer shall furnish, upon written request of any person claiming to have a loss under an insurance contract issued by the insurer, forms of proof of loss for completion by the person, but the insurer shall not, by reason of the requirement so to furnish forms, have any respo…

Without limitation of any right or defense of an insurer otherwise, none of the following acts by or on behalf of an insurer shall be deemed to constitute a waiver of any provision of a policy or of any defense of the insurer thereunder: 1. Acknowledgement of the receipt of notic…

A. If a policy of life insurance is effected by any person on the person's own life or on another life in favor of another person having an insurable interest in the policy, or made payable by assignment, change of beneficiary or other means to a third person, the lawful benefici…

A. A policy of group life insurance or the proceeds thereof payable to the individual insured or to the beneficiary thereunder shall not be liable, either before or after payment, to be applied by any legal or equitable process to pay any liability of any person having a right un…

A. The director shall adopt rules necessary to comply with the requirements of the social security disability amendments of 1980 (P.L. 96-265; 42 United States Code section 1395ss) and any federal laws or regulations pertaining to that section, so that this state may retain its f…

The director shall adopt rules relating to coordination of benefits provisions in group disability insurance policies. This section shall apply to hospital and medical service corporations and health care services organizations.

An insurance contract offered by an insurer pursuant to this chapter shall not exclude coverage of a condition if the insured person has previously had tests for the condition and the condition was not found to exist. There must be evidence that a condition actually existed befor…

A. Notwithstanding any other provision of this title, any policy of life insurance may provide, in accordance with the provisions of subsection B, for the acceleration of death benefits in advance of the time such benefits would otherwise be payable upon the occurrence of a termi…

A. Bundling or combining various limited benefit insurance policies and advertising or indicating in any manner that these policies are major medical expense coverage policies or could be substituted for major medical expense coverage is a prohibited practice pursuant to chapter …

A. An identification card that includes information facilitating a subscriber's, enrollee's or insured's access to services or coverage under an individual or group health insurance contract, evidence of coverage or policy issued or renewed in this state by a hospital and medical…

This article applies to contracts of life insurance and annuities, other than reinsurance, group life insurance, group annuities and industrial life insurance. Section 20-1217 (contestability as to excluded or restricted coverage), section 20-1226 (limitation of liability), secti…

A. No policy of life insurance other than industrial, group and pure endowments with or without return of premiums or of premiums and interest, shall be delivered or issued for delivery in this state unless it contains in substance all of the provisions required by sections 20-12…