Nebraska Revised Statutes Chapter 44 Article 3 (sections not held in ne-ins-general-provisions)

What this document is

Nebraska Revised Statutes Chapter 44 Article 3 (sections not held in ne-ins-general-provisions) - insurance companies generally: certificate of authority, capital and surplus, controlled business, rebates, special fees (incl. 44-305, 44-361, 44-361.01, 44-361.02) 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 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. § 44-309 (Pollutant exclusion; exception for bodily injury)

  “shall include an exception to the exclusion for bodily injury sustained within a building and caused by smoke, fumes, vapor, or soot produced by or originating from a heating system or ventilation system”

• Neb. Rev. Stat. § 44-305 (Foreign or alien company; capital and surplus required)

  “No alien insurance company shall be authorized to transact any business of insurance in this state unless it shall have deposited with the insurance department of some one state in the United States not less than two hundred thousand dollars in approved securities for the benefit of all its...”

• Neb. Rev. Stat. § 44-361(1) (Rebates; prohibited)

  “No insurance company, by itself or any other party, and no insurance agent or broker, personally or by any other party, shall offer, promise, allow, give, set off, or pay, directly or indirectly, any rebate of, or part of, the premium payable on the policy, or of any policy, or agent's commission...”

• Neb. Rev. Stat. § 44-361.01(2) (Rebates; circumventing; presumptions)

  “(2) A licensed agent whose total commissions and underwriting fees on business written upon the property, life, health, or liability of himself or herself, his or her relatives by consanguinity or affinity, and his or her employer or employees exceed thirty percent of the total commissions and...”

• Neb. Rev. Stat. § 44-374 (Property insurance; insurable interest required)

  “No policy of insurance shall be issued upon any property except in the name of some party having an interest in the property.”

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Questions about this source

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