Chapter 44 — INSURANCE
2,728 sections in this chapter.
Neb. Rev. Stat. § 44-8404 Act; not construed as right to abortion.
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Nothing in the Mandate Opt-Out and Insurance Coverage Clarification Act shall be construed as creating a right to an abortion.
Neb. Rev. Stat. § 44-8501 Act, how cited.
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Sections 44-8501 to 44-8509 shall be known and may be cited as the Portable Electronics Insurance Act.
Neb. Rev. Stat. § 44-8502 Terms, defined.
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For purposes of the Portable Electronics Insurance Act: (1) Customer means a person who purchases portable electronics; (2) Covered customer means a customer who elects coverage pursuant to a portable electronics insurance policy issued to a vendor of portable electronics; (3) Di…
Neb. Rev. Stat. § 44-8503 Vendor; limited lines insurance license; issuance; application; contents.
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(1) A vendor shall hold a limited lines insurance license issued under the Portable Electronics Insurance Act to sell or offer coverage under a policy of portable electronics insurance. (2) The director may issue a limited lines insurance license under the act. Such license shall…
Neb. Rev. Stat. § 44-8504 Limited lines insurance license; application; contents; period valid; fees.
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(1) An application for a limited lines insurance license shall be made to and filed with the director on forms prescribed and furnished by the director. (2) An application for an initial or a renewal license shall: (a) Provide the name, residence address, and other information re…
Neb. Rev. Stat. § 44-8505 Brochure or written material; available to customer; contents; certificate of insurance; powers of insurer.
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(1) At each location at which portable electronics insurance is offered to a customer, a brochure or other written material shall be available to the customer which: (a) Discloses the fact that portable electronics insurance may provide a duplication of coverage already provided …
Neb. Rev. Stat. § 44-8506 Exemption from licensure as insurance producer; conditions; vendor; duties; treatment of funds.
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(1) An employee or authorized representative of a vendor may sell or offer for sale portable electronics insurance to customers and shall not be subject to licensure as an insurance producer if: (a) The vendor obtains a limited lines insurance license pursuant to section 44-8503 …
Neb. Rev. Stat. § 44-8507 Violations; director; powers; administrative fine.
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If a vendor violates any provision of the Portable Electronics Insurance Act, the director may, after notice and a hearing: (1) Revoke or suspend a limited lines insurance license issued under the act; (2) Impose such other penalties, including suspension of the transaction of in…
Neb. Rev. Stat. § 44-8508 Insurer; rights; duties; notice; policy; termination; vendor; duties.
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Notwithstanding any other provision of law: (1) An insurer may terminate or otherwise change the terms and conditions of a policy of portable electronics insurance only upon providing the vendor and enrolled customers with at least thirty days' notice, except that: (a) An insurer…
Neb. Rev. Stat. § 44-8509 Records; maintenance.
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Any records pertaining to transactions under the Portable Electronics Insurance Act shall be kept available and open to inspection by the director or his or her representatives with notice and during business hours. Records shall be maintained for three years following the comple…
Neb. Rev. Stat. § 44-8601 Act, how cited.
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Sections 44-8601 to 44-8608 shall be known and may be cited as the Insured Homeowners Protection Act.
Neb. Rev. Stat. § 44-8602 Terms, defined.
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For purposes of the Insured Homeowners Protection Act: (1) Residential contractor means a person in the business of contracting or offering to contract with an owner or possessor of residential real estate to: (a) Repair or replace a roof system or perform any other exterior repa…
Neb. Rev. Stat. § 44-8603 Contract to be paid from proceeds of property and casualty insurance policy; right to cancel; notice; residential contractor; duties.
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(1) A person who has entered into a written contract with a residential contractor to provide goods or services to be paid from the proceeds of a property and casualty insurance policy may cancel the contract prior to midnight on the later of the third business day after the pers…
Neb. Rev. Stat. § 44-8604 Residential contractor; prohibited acts.
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A residential contractor shall not promise to rebate any portion of an insurance deductible as an inducement to the sale of goods or services. A promise to rebate any portion of an insurance deductible includes granting any allowance or offering any discount against the fees to b…
Neb. Rev. Stat. § 44-8605 Post-loss assignment of rights or benefits; requirements; Department of Insurance; duties.
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(1) A post-loss assignment of rights or benefits to a residential contractor under a property and casualty insurance policy insuring residential real estate shall comply with the following: (a) The assignment may authorize a residential contractor to be named as a copayee for the…
Neb. Rev. Stat. § 44-8606 Residential contractor; furnish itemized description; contents.
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Prior to commencement of repair or replacement work, a residential contractor shall furnish the insured and insurer with an itemized description of the work to be done and the materials, labor, and fees for repair or replacement of the damaged residential real estate and the tota…
Neb. Rev. Stat. § 44-8607 Notice required.
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Any written contract, repair estimate, or work order prepared by a residential contractor to provide goods or services to be paid from the proceeds of a property and casualty insurance policy shall include the following notice of the prohibition contained in section 44-8604 in ca…
Neb. Rev. Stat. § 44-8608 Violation of act; void contract.
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A contract entered into with a residential contractor is void if the residential contractor violates any provision of the Insured Homeowners Protection Act.
Repealed. Laws 2017, LB644, § 21.
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[Repealed or reserved.]
Repealed. Laws 2017, LB644, § 21.
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[Repealed or reserved.]
Repealed. Laws 2017, LB644, § 21.
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[Repealed or reserved.]
Repealed. Laws 2017, LB644, § 21.
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[Repealed or reserved.]
Repealed. Laws 2017, LB644, § 21.
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[Repealed or reserved.]
Repealed. Laws 2017, LB644, § 21.
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[Repealed or reserved.]
Neb. Rev. Stat. § 44-8801 Act, how cited.
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Sections 44-8801 to 44-8808 shall be known and may be cited as the Health Insurance Exchange Navigator Registration Act.
Neb. Rev. Stat. § 44-8802 Terms, defined.
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For purposes of the Health Insurance Exchange Navigator Registration Act: (1) Director means the Director of Insurance; (2) Exchange means any health insurance exchange established or operating in this state, including any exchange established or operated by the United States Dep…
Neb. Rev. Stat. § 44-8803 Navigator; registration required; prohibited acts.
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(1) No individual or entity shall perform, offer to perform, or advertise any service as a navigator in this state unless registered as a navigator by the director. (2) A navigator shall not: (a) Engage in any activities that would require an insurance producer license; (b) Viola…
Neb. Rev. Stat. § 44-8804 Individual navigator registration; application; form; contents; fee; entity navigator registration; application; form; contents; fee; notice of federal action; list of employees.
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(1) An individual applying for an individual navigator registration shall make application to the director on a form developed by the director which, unless preempted by federal law, is accompanied by the initial individual registration fee in an amount not to exceed twenty-five …
Neb. Rev. Stat. § 44-8805 Registrations; term; renewal; application; fee; federal training and continuing education requirements.
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(1) Individual and entity registrations shall expire one year after the date of issuance. (2) An individual navigator may file an application for renewal of a registration on a form developed by the director and, unless preempted by federal law, shall pay the renewal fee in an am…
Neb. Rev. Stat. § 44-8806 Navigator; individual with existing health insurance coverage; information.
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On contact with an individual who acknowledges having existing health insurance coverage obtained through a licensed insurance producer, a navigator shall make a reasonable effort to inform the individual that he or she may, but is not required to, seek further assistance from th…
Neb. Rev. Stat. § 44-8807 Director; disciplinary actions authorized; powers to examine business affairs and records; notice; hearing.
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(1) The director, after notice and hearing, may place on probation, suspend, revoke, or refuse to issue, renew, or reinstate a navigator registration for violation of the Health Insurance Exchange Navigator Registration Act. (2) Except as otherwise provided by law, the director m…
Neb. Rev. Stat. § 44-8808 Rules and regulations.
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The director may adopt and promulgate rules and regulations to carry out the Health Insurance Exchange Navigator Registration Act.
Neb. Rev. Stat. § 44-8901 Act, how cited.
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Sections 44-8901 to 44-8912 shall be known and may be cited as the Standard Valuation Act.
Neb. Rev. Stat. § 44-8902 Applicability of act.
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Except as provided in sections 44-8905, 44-8906, and 44-8907, the Standard Valuation Act applies to those policies and contracts issued on or after the operative date of the valuation manual designated in subsection (2) of section 44-8908.
Neb. Rev. Stat. § 44-8903 Terms, defined.
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For the purposes of the Standard Valuation Act: (1) Accident and health insurance contract means a contract that incorporates morbidity risk and provides protection against economic loss resulting from accident, sickness, or medical conditions and as may be specified in the valua…
Neb. Rev. Stat. § 44-8904 Director; valuation of reserves; duties; powers.
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The director shall annually value, or cause to be valued, the reserves for all outstanding life insurance contracts, accident and health insurance contracts, and deposit-type contracts of every company issued on or after the operative date of the valuation manual. In lieu of the …
Neb. Rev. Stat. § 44-8905 Company; opinion of actuary; contents; standards; liability; confidentiality; director; powers; release of material; when.
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(1) Every company with outstanding life insurance contracts, accident and health insurance contracts, or deposit-type contracts in this state and subject to regulation by the director shall annually submit the opinion of the appointed actuary as to whether the reserves and relate…
Neb. Rev. Stat. § 44-8906 Minimum standard of valuation; applicability to contracts; when.
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For accident and health insurance contracts issued on or after the operative date of the valuation manual designated in subsection (2) of section 44-8908, the standard prescribed in the valuation manual is the minimum standard of valuation required under section 44-8904. For disa…
Neb. Rev. Stat. § 44-8907 Life insurance; standards of valuation; policies issued on or after operative date of law; reserves required.
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(1) This section shall apply to only those policies and contracts issued on or after the operative date defined in section 44-407.07 (the Standard Nonforfeiture Law for Life Insurance), except as otherwise provided in subsection (3) of this section for all annuities and pure endo…
Neb. Rev. Stat. § 44-8908 Valuation manual; director prescribe; designate operative date; when effective; contents; director; powers.
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(1) For policies issued on or after the operative date of the valuation manual designated in subsection (2) of this section, the standard prescribed in the valuation manual is the minimum standard of valuation required under section 44-8905 except as provided under subsections (5…
Neb. Rev. Stat. § 44-8909 Reserves; company; duties.
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(1) A company must establish reserves using a principle-based valuation that meets the following conditions for policies or contracts as specified in the valuation manual: (a) Quantify the benefits and guarantees, and the funding, associated with the contracts and their risks at …
Neb. Rev. Stat. § 44-8910 Company; submit data.
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A company shall submit mortality, morbidity, policyholder behavior, or expense experience and other data as prescribed in the valuation manual.
Neb. Rev. Stat. § 44-8911 Confidential information; how treated; director; powers; release of material; when.
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(1) For purposes of this section, confidential information means: (a) A memorandum in support of an opinion submitted under section 44-8905 and any other documents, materials, and other information, including, but not limited to, all working papers, and copies thereof, created, p…
Neb. Rev. Stat. § 44-8912 Director; exempt specific product forms or product lines; provisions applicable.
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(1) The director may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in this state from the requirements of section 44-8908 if: (a) The director has issued an exemption in writing to the company and has not subsequentl…
Neb. Rev. Stat. § 44-9001 Act, how cited.
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Sections 44-9001 to 44-9011 shall be known and may be cited as the Risk Management and Own Risk and Solvency Assessment Act.
Neb. Rev. Stat. § 44-9002 Purposes of act; applicability.
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(1) The purposes of the Risk Management and Own Risk and Solvency Assessment Act are to provide requirements for maintaining a risk management framework and completing an own risk and solvency assessment and to provide guidance and instructions for filing an own risk and solvency…
Neb. Rev. Stat. § 44-9003 Legislative findings and declaration.
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The Legislature finds and declares that the own risk and solvency assessment summary report will contain confidential and sensitive information related to an insurer's or insurance group's identification of risks that is material and relevant to the insurer or insurance group fil…
Neb. Rev. Stat. § 44-9004 Terms, defined.
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For purposes of the Risk Management and Own Risk and Solvency Assessment Act: (1) Director means the Director of Insurance; (2) Insurance group means those insurers and affiliates included within an insurance holding company system as defined in section 44-2121; (3) Insurer has t…
Neb. Rev. Stat. § 44-9005 Risk management framework.
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An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant risks. This requirement is satisfied if the insurance group of which the insurer is a member maintains a risk …
Neb. Rev. Stat. § 44-9006 Own risk and solvency assessment.
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Subject to section 44-9008, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an own risk and solvency assessment consistent with a process comparable to the own risk and solvency assessment guidance manual. The own risk and solvency ass…