Nebraska Motor Vehicle Safety Responsibility Act (60-501 to 60-569) and 60-346 proof of financial responsibility

What this document is

Nebraska Motor Vehicle Safety Responsibility Act (60-501 to 60-569) and 60-346 proof of financial responsibility is a state statute published by Nebraska Legislature (nebraskalegislature.gov), Revised Statutes of Nebraska. It is one of the Nebraska documents that insurance license exam questions are written from, including nebraska property & casualty, nebraska personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Neb. Rev. Stat. § 60-538(1) (Policy; mandatory provisions)

  “said policy may not be canceled or annulled as to such liability by any agreement between the insurance carrier and the insured after the occurrence of the injury or damage; no statement made by the insured or on his behalf and no violation of said policy shall defeat or void said policy”

• Neb. Rev. Stat. § 60-544 (Policy; notice of cancellation or termination of certified policy)

  “A motor vehicle liability policy subsequently procured and certified shall, on the effective date of its certification, terminate the insurance previously certified with respect to any motor vehicle designated in both certificates.”

• Neb. Rev. Stat. § 60-534 (Policy; contents; limits)

  “Twenty-five thousand dollars because of bodily injury to or death of one person in any one accident and, subject to such limit for one person, fifty thousand dollars because of bodily injury to or death of two or more persons in any one accident, and twenty-five thousand dollars because of injury...”

• Neb. Rev. Stat. § 60-537 (Policy; provisions excluded)

  “Such motor vehicle liability policy shall not insure any liability under any workers' compensation law nor any liability on account of bodily injury to or death of an employee of the insured while engaged in the employment, other than domestic, of the insured, or while engaged in the operation,...”

• Neb. Rev. Stat. § 60-538(2) (Policy; mandatory provisions; satisfaction of judgment)

  “the satisfaction by the insured of a judgment for such injury or damage shall not be a condition precedent to the right or duty of the insurance carrier to make payment on account of such injury or damage”

• Neb. Rev. Stat. § 60-346 (Proof of financial responsibility, defined)

  “Proof of financial responsibility means evidence of ability to respond in damages for liability, on account of accidents occurring subsequent to the effective date of such proof, arising out of the ownership, maintenance, or use of a motor vehicle, (1) in the amount of twenty-five thousand dollars...”

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More Nebraska sources

• Neb. Rev. Stat. ch. 44, sickness and accident insurance policy provisions (44-710 series)State statute
• Neb. Rev. Stat. ch. 44, general provisions applicable to insurers and policies (44-300 series)State statute
• Neb. Rev. Stat. ch. 44, group life and group sickness and accident insuranceState statute
• Neb. Rev. Stat. ch. 44, life and annuity policy provisions (44-502 to 44-513)State statute
• Neb. Rev. Stat. ch. 44, Medicare supplement and long-term care insuranceState statute
• Neb. Rev. Stat. ch. 44, Insurance Producers Licensing Act (44-4047 to 44-4069)State statute
• Neb. Rev. Stat. ch. 44, Unfair Insurance Trade Practices Act (44-1521 to 44-1535)State statute
• Nebraska Producer's Examination Content Outline - Casualty Insurance Series 13-23Candidate handbook or exam outline