™Your Policy Risk Impact Agent
2,111 sections in this chapter.
Neb. Rev. Stat. § 44-3902 Terms, defined.
1.6K chars
For purposes of sections 44-3901 to 44-3908, unless the context otherwise requires: (1) Active participation means either (a) attendance at formal meetings of a professional insurance association where a formal business program is presented, (b) service on the board of directors …
Neb. Rev. Stat. § 44-3903 Continuing education requirements; exceptions.
0.7K chars
Sections 44-3901 to 44-3908 shall not apply to the following persons: (1) Licensees for whom an examination is not required under the laws of this state; (2) Licensees who sell or consult only in the areas of credit life insurance and credit accident and health insurance; (3) Lic…
Neb. Rev. Stat. § 44-3904 Licensee; requirements; furnish evidence of continuing education.
4.7K chars
(1)(a)(i) Licensees qualified to solicit property and casualty insurance shall be required to complete twenty-one hours of approved continuing education activities in each two-year period commencing before January 1, 2010. Licensees qualified to solicit life, accident and health …
Neb. Rev. Stat. § 44-3905 Continuing education activities; director; duties; continuing education sponsor; requirements; fee; administrative penalty.
5.2K chars
(1)(a) The director shall certify as approved continuing education activities those courses, lectures, seminars, or other instructional programs which he or she determines would be beneficial in improving the product knowledge or service capability of licensees, except that the d…
Neb. Rev. Stat. § 44-3906 Advisory council; consult with director.
0.2K chars
The director may convene an advisory council of representatives of the insurance industry to consult with him or her on the approval and certification of continuing education activities.
Neb. Rev. Stat. § 44-3907 Continuing education requirements; extension of time; failure to comply; effect.
0.4K chars
(1) For good cause shown, the director may grant an extension of time during which the requirements imposed by sections 44-3901 to 44-3908 may be completed, but such extension of time shall not exceed the period of one year. (2) The director shall not renew a license nor issue a …
Neb. Rev. Stat. § 44-3908 Rules and regulations.
0.2K chars
The director may adopt and promulgate rules and regulations for the effective administration of sections 44-3901 to 44-3908 pursuant to the Administrative Procedure Act.
Neb. Rev. Stat. § 44-392 Insurance; solicitation and sale; when authorized.
0.5K chars
Any bank, trust company, investment company, bank affiliate, corporation, partnership, limited liability company, or association, owned or controlled by any bank located in this state, may sell or solicit any kind or form of insurance, either directly or indirectly, through any o…
Neb. Rev. Stat. § 44-393 Insurance laws; violations; reports confidential.
0.4K chars
Every insurance company, agent, solicitor, or broker, and every person or party having knowledge of violation of any of the provisions of this chapter, is required to promptly report the facts and circumstances pertaining thereto to the Department of Insurance, which report and t…
Neb. Rev. Stat. § 44-394 Insurance companies; violations; general penalty.
0.2K chars
Any company or person who knowingly violates any provision of this chapter for which no penalty is provided, shall be guilty of a Class III misdemeanor.
Neb. Rev. Stat. § 44-395 Actions; prosecution and defense; duties of Attorney General and county attorneys.
0.3K chars
In all proceedings instituted in any court, or otherwise, under the provisions of this chapter, it shall be and hereby is made the duty of the Attorney General, and of the several county attorneys throughout the state, to prosecute or defend all such proceedings, when requested b…
Neb. Rev. Stat. § 44-396 Insurance companies or officers; actions against; witnesses; immunity.
0.5K chars
No person shall be excused from testifying, or from producing any books, papers, contracts, agreements or documents at the trial or hearing of any person or company charged with violating any provisions of this chapter, on the ground that such testimony or evidence may tend to in…
Neb. Rev. Stat. § 44-401 Domestic property and casualty insurance companies; valuation; reserves.
1.7K chars
In ascertaining the condition of a domestic stock property or casualty insurance company, there shall be allowed as assets only such investments, cash, and accounts as are authorized by the laws of this state at the date of the examination. In ascertaining its liabilities, there …
Neb. Rev. Stat. § 44-401.01 Domestic property and casualty insurance companies; loss reserves.
0.3K chars
Loss reserves for domestic property and casualty insurance companies shall be set at the present value of estimated future payments if (1) a complete settlement between the claimant and the insured or insurer has been agreed upon, (2) all payments due the claimant have not yet be…
Neb. Rev. Stat. § 44-402.01 Life insurance; reserves; separate accounts; establish; procedure.
0.7K chars
Any domestic life insurance company, including, for the purposes of sections 44-402.01 to 44-402.05, all domestic fraternal benefit societies which operate on a legal reserve basis, may, after adoption of a resolution by its board of directors and upon approval of the Director of…
Neb. Rev. Stat. § 44-402.02 Life insurance; reserves; separate accounts; gains and losses.
0.2K chars
The income, gains and losses, realized or unrealized, from assets allocated to a separate account shall be credited to or charged against such account, without regard to other income, gains or losses of such company.
Neb. Rev. Stat. § 44-402.03 Life insurance; reserves; separate accounts; investment; transfer.
0.9K chars
(1) Except as may be provided with respect to reserves for guaranteed benefits, amounts allocated to any separate account and accumulations thereon may be invested and reinvested without regard to any requirements or limitations prescribed by the laws of this state governing the …
Neb. Rev. Stat. § 44-402.04 Life insurance; reserves; separate accounts; ownership by company.
0.5K chars
Amounts allocated to a separate account in the exercise of the power granted by sections 44-402.01 to 44-402.05 shall be owned by the company, and the company shall not be, nor hold itself out to be, a trustee with respect to such amounts. If and to the extent so provided under t…
Neb. Rev. Stat. § 44-402.05 Variable life contracts; rules and regulations.
1.0K chars
Notwithstanding any other provision of law, the Director of Insurance shall have the authority to adopt such reasonable rules and regulations as are appropriate and necessary to regulate the issuance and sale of variable life contracts. Such rules and regulations may relate to, b…
Neb. Rev. Stat. § 44-403 Life insurance; standard of valuation; policies issued prior to operative date of law.
2.6K chars
This section shall apply to only those policies and contracts issued prior to the operative date defined in section 44-407.07 (the Standard Nonforfeiture Law for Life Insurance). All such valuations made by the Department of Insurance, or by its authority, shall be according to t…
Neb. Rev. Stat. § 44-4047 Act, how cited.
0.1K chars
Sections 44-4047 to 44-4069 shall be known and may be cited as the Insurance Producers Licensing Act.
Neb. Rev. Stat. § 44-4048 Purpose; applicability.
0.5K chars
(1) The Insurance Producers Licensing Act governs the qualifications and procedures for the licensing of insurance producers. The act is intended to improve efficiency, permit the use of new technology, and reduce costs associated with issuing and renewing insurance licenses. (2)…
Neb. Rev. Stat. § 44-4049 Terms, defined.
4.2K chars
For purposes of the Insurance Producers Licensing Act: (1) Business entity means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity; (2) Director means the Director of Insurance; (3) Home state means the state …
Neb. Rev. Stat. § 44-405 Life insurance; loan values.
1.2K chars
(1) In the case of those policies issued prior to the operative date defined in section 44-407.07 (the Standard Nonforfeiture Law), the loan value referred to in provision (8) of section 44-502 shall be the reserve at the end of the current policy year on the policy and on any di…
Neb. Rev. Stat. § 44-4050 Licensure required; enforcement.
0.4K chars
A person shall not sell, solicit, or negotiate insurance in this state for any class or classes of insurance unless the person is licensed for that line of authority in accordance with the Insurance Producers Licensing Act. A person who sells, solicits, or negotiates insurance in…
Neb. Rev. Stat. § 44-4051 Licensure; exceptions.
3.8K chars
(1) Nothing in the Insurance Producers Licensing Act shall be construed to require an insurer to obtain an insurance producer license. For purposes of this section, the term insurer does not include an insurer's officers, directors, employees, subsidiaries, or affiliates. (2) The…
Neb. Rev. Stat. § 44-4052 Licensure examination; requirements.
1.1K chars
(1) A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to section 44-4056 or 44-4069 or subsection (4) of section 44-9304. The examination shall test the knowledge of the individual concerning the lines of auth…
Neb. Rev. Stat. § 44-4053 Licensure application; approval requirements; program of instruction.
1.8K chars
(1) A person applying for a resident insurance producer license shall make application to the director on the uniform application and declare under penalty of denial, suspension, or revocation of the license that the statements made in the application are true, correct, and compl…
Neb. Rev. Stat. § 44-4054 License; lines of authority; renewal; procedure; licensee; duties; director; powers.
4.7K chars
(1) Unless denied licensure pursuant to section 44-4059, a person who has met the requirements of sections 44-4052 and 44-4053 shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one or more of the following lines of aut…
Neb. Rev. Stat. § 44-4055 Nonresident license; requirements; revocation; grounds; hearing.
3.2K chars
(1) Unless denied licensure pursuant to section 44-4059, a nonresident person shall receive a nonresident insurance producer license if: (a) The person is currently licensed as a resident and in good standing in his or her home state; (b) The person has submitted the proper reque…
Neb. Rev. Stat. § 44-4056 Examination; exemptions.
1.2K chars
(1) An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state shall not be required to complete any examination. This exemption is only available if the person is currently licensed in th…
Neb. Rev. Stat. § 44-4057 Assumed name; duties.
0.1K chars
An insurance producer doing business under any name other than the producer's legal name shall notify the director prior to using the assumed name.
Neb. Rev. Stat. § 44-4058 Temporary license; requirements; limitations.
1.8K chars
(1) The director may issue a temporary insurance producer license for a period not to exceed one hundred eighty days without requiring an examination if the director deems that the temporary license is necessary for the servicing of an insurance business in the following cases: (…
Neb. Rev. Stat. § 44-4059 Disciplinary actions; administrative fine; procedure.
4.4K chars
(1) The director may suspend, revoke, or refuse to issue or renew an insurance producer's license or may levy an administrative fine in accordance with subsection (5) of this section, or any combination of actions, for any one or more of the following causes: (a) Providing incorr…
Neb. Rev. Stat. § 44-406 Life insurance; nonforfeiture benefits.
1.2K chars
This section shall apply only to policies of life insurance issued prior to the operative date defined in section 44-407.07 (the Standard Nonforfeiture Law). The nonforfeiture benefit referred to in provision (9) of section 44-502 shall be available to the owner of the policy, in…
Neb. Rev. Stat. § 44-4060 Payments; restrictions.
1.1K chars
(1) An insurer or insurance producer shall not pay a commission, service fee, brokerage, or other valuable consideration to a person for selling, soliciting, or negotiating insurance in this state if that person is required to be licensed under the Insurance Producers Licensing A…
Neb. Rev. Stat. § 44-4061 Appointed agent; requirements; fees.
1.0K chars
(1) An insurance producer shall not act as an agent of an insurer unless the insurance producer becomes an appointed agent of that insurer. An insurance producer who is not acting as an agent of an insurer is not required to become appointed. (2) To appoint an insurance producer …
Neb. Rev. Stat. § 44-4062 Business relationship; termination; requirements; procedure; administrative fine.
9.7K chars
(1) An insurer or authorized representative of the insurer that terminates the appointment, employment, contract, or other insurance business relationship with an insurance producer shall notify the director within thirty days following the effective date of the termination, if t…
Neb. Rev. Stat. § 44-4063 Licensure requirements; waiver; when.
0.7K chars
(1) The director shall waive any requirements for a nonresident insurance producer license applicant with a valid license from his or her home state, except the requirements imposed by section 44-4055, if the applicant's home state awards nonresident licenses to residents of this…
Neb. Rev. Stat. § 44-4064 Fees.
2.0K chars
(1) Before any license or appointment is issued or renewed under the Insurance Producers Licensing Act or before any appointment is terminated, the person requesting such license shall pay or cause to be paid to the director the following fee or fees, if applicable, as establishe…
Neb. Rev. Stat. § 44-4065 Reports.
1.4K chars
(1) An insurance producer shall report to the director any administrative action taken against the producer in another jurisdiction, by a professional self-regulatory organization such as the Financial Industry Regulatory Authority or a similar organization, or by another governm…
Neb. Rev. Stat. § 44-4066 Rules and regulations.
0.1K chars
The director may adopt and promulgate rules and regulations to carry out the Insurance Producers Licensing Act.
Neb. Rev. Stat. § 44-4067 Rental car company; limited license; fee.
8.1K chars
(1) The director may issue to a rental car company that has complied with this section a limited license authorizing the limited licensee to act as an insurance producer with reference to the kinds of insurance specified in this section for any insurer authorized to write such ki…
Neb. Rev. Stat. § 44-4069 Operator of self-service storage facility; limited license; applicant; application fee; renewal fee; director; powers; order; appeal; disclosures; training program; records; prohibited acts.
9.3K chars
(1) The director may issue to the operator of a self-service storage facility that has complied with this section a limited license to act as an insurance producer with reference to the kinds of insurance specified in this section for any insurer authorized to write such kinds of…
Neb. Rev. Stat. § 44-407 Standard Nonforfeiture Law for Life Insurance; how cited.
0.1K chars
Sections 44-407 to 44-407.09 and 44-407.24 to 44-407.26 shall be known as the Standard Nonforfeiture Law for Life Insurance.
Neb. Rev. Stat. § 44-407.01 Policies issued on or after operative date of law; provisions required.
4.8K chars
In the case of policies issued on or after the operative date of this section, as defined in section 44-407.07, no policy of life insurance, except as stated in section 44-407.06, shall be delivered or issued for delivery in this state unless it shall contain in substance the fol…
Neb. Rev. Stat. § 44-407.02 Policies issued on or after operative date of law; default in premium payment on policy anniversary; cash surrender value.
2.6K chars
Any cash surrender value available under the policy in the event of default in a premium payment due on any policy anniversary, whether or not required by section 44-407.01, shall be an amount not less than the excess, if any, of the present value, on such anniversary, of the fut…
Neb. Rev. Stat. § 44-407.03 Policies issued on or after operative date of law; default in premium payment on policy anniversary; paid-up nonforfeiture benefit.
0.5K chars
Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such that its present value as of such anniversary shall be at least equal to the cash surrender value then provided for by the policy …
Neb. Rev. Stat. § 44-407.04 Policies issued on or after operative date of law; adjusted premiums; basis of calculation; exception.
4.8K chars
(a) Except as provided in subsection (c) of this section, the adjusted premiums for any policy shall be calculated on an annual basis and shall be such uniform percentage of the respective premiums specified in the policy for each policy year, excluding any extra premiums charged…
Neb. Rev. Stat. § 44-407.05 Policies issued on or after operative date of law; default in premium payment other than on policy anniversary; cash surrender value; paid-up nonforfeiture benefit.
1.9K chars
Any cash surrender value and any paid-up nonforfeiture benefit, available under the policy in the event of default in a premium payment due at any time other than on the policy anniversary, shall be calculated with allowance for the lapse of time and the payment of fractional pre…