Nebraska Revised Statutes Chapter 44 Article 5 (sections not held in ne-ins-life-annuity)

What this document is

Nebraska Revised Statutes Chapter 44 Article 5 (sections not held in ne-ins-life-annuity) - fire and property insurance policies: valued policy law (44-501.02), standard provisions, cancellation and nonrenewal (44-515 to 44-523) 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. § 44-522(3)(b)-(d) (Cancellation; permitted reasons)

  “(b) The policy was obtained through a material misrepresentation; (c) Any insured has submitted a fraudulent claim; (d) Any insured has violated any of the terms and conditions of the policy;”

• Neb. Rev. Stat. § 44-515(1)(c) (Automobile liability policy; cancellation reasons)

  “(c) The named insured or any operator, either resident in the same household or who customarily operates an automobile insured under the policy, (i) has had his or her driver's license suspended or revoked pursuant to law”

• Neb. Rev. Stat. § 44-520 (Automobile liability policy; notice of other insurance)

  “the insurer shall notify the named insured of the insured's possible eligibility for automobile liability insurance through an affiliated insurer or the automobile liability assigned risk plan”

• Neb. Rev. Stat. § 44-501.02 (Fire insurance; valued policies)

  “the amount of the insurance written in such policy shall be taken conclusively to be the true value of the property insured and the true amount of loss and measure of damages”

• Neb. Rev. Stat. § 44-522(2) (Policies; cancellation requirements; notice)

  “On any policy or binder of property, marine, or liability insurance, as specified in section 44-201, the insurer shall give the insured sixty days' written notice prior to cancellation or nonrenewal of such policy or binder, except that the insurer may cancel upon ten days' written notice to the...”

• Neb. Rev. Stat. § 44-501(2) (Fire insurance policies; form; contents)

  “(2) Printed or written forms of description and specifications or schedules of the property covered by any particular policy and any other matter necessary to express clearly all the facts and conditions of insurance on any particular risk, which facts or conditions shall in no case be inconsistent...”

• Neb. Rev. Stat. § 44-517(1) (Automobile liability policy; notice of intention not to renew; requirements)

  “No insurer shall refuse to renew a policy unless such insurer or its agent shall mail or deliver to the named insured, at the address shown in the policy, at least twenty days' advance notice of its intention not to renew.”

• Neb. Rev. Stat. § 44-515(2)-(3) (Automobile liability policy; exceptions)

  “(2) This section shall not apply to any policy or coverage which has been in effect less than sixty days at the time notice of cancellation is mailed or delivered by the insurer unless it is a renewal policy. (3) This section shall not apply to nonrenewal.”

• Neb. Rev. Stat. § 44-516(1) (Automobile liability policy; notice of cancellation)

  “No notice of cancellation of a policy to which section 44-515 applies shall be effective unless mailed by registered mail, certified mail, or first-class mail using intelligent mail barcode or another similar tracking method used or approved by the United States Postal Service to the named insured...”

• Neb. Rev. Stat. § 44-518 (Automobile liability policy; notice of intention not to renew; reason)

  “If an insurer shall refuse to renew a policy, as provided for in section 44-517, the insurer shall, upon written request of the named insured, mailed or delivered not less than fifteen days prior to the effective date of such notice of intention not to renew, specify in writing the reason for such refusal to renew.”

• Neb. Rev. Stat. § 44-508 (Liability insurance; automobiles; bankruptcy of insured)

  “shall, if filed with the director pursuant to the Property and Casualty Insurance Rate and Form Act, contain a provision that the insolvency or bankruptcy of the assured shall not release the company from the payment of damages for injury sustained or loss occasioned during the life of the policy,...”

• Neb. Rev. Stat. § 44-520 (Automobile liability policy; cancellation; notice of other insurance)

  “the insurer shall notify the named insured of the insured's possible eligibility for automobile liability insurance through an affiliated insurer or the automobile liability assigned risk plan.”

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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