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State statute · Nebraska

Neb. Rev. Stat. ch. 44, life and annuity policy provisions (44-502 to 44-513)

Publisher
Nebraska Legislature
Edition
Nebraska Revised Statutes, current through the 2026 session as served by the Legislature
Last checked
2026-09-08
Status
Nebraska Revised Statutes, a public record of the State of Nebraska
Edition and licensing notes

Publisher. Nebraska Legislature (nebraskalegislature.gov)

Status. Nebraska Revised Statutes, a public record of the State of Nebraska.

Read the official textPractice questions from this source

What this document is

Neb. Rev. Stat. ch. 44, life and annuity policy provisions (44-502 to 44-513) is a state statute published by Nebraska Legislature (nebraskalegislature.gov). It is one of the Nebraska documents that insurance license exam questions are written from, including nebraska life & health 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. § 44-503.01
    “Immediately after the proving of the will the proceeds of such insurance shall be paid to the trustee or trustees named therein to be held and disposed of under the terms of the will as they exist at the death of the testator, but if no qualified trustee makes claim to the proceeds from the...”
  • Neb. Rev. Stat. § 44-502.03(4)
    “(4) The maximum rate for each policy must be determined at regular intervals at least once every twelve months, but not more frequently than once in any three-month period. At the intervals specified in the policy, the rate being charged (a) may be increased whenever such increase as determined...”
  • Neb. Rev. Stat. § 44-502.03(6)
    “(6) The loan value of the policy shall be determined in accordance with this section, but no policy shall terminate in a policy year as the sole result of a change in the interest rate during that policy year, and the life insurer shall maintain coverage during that policy year until the time at...”
  • Neb. Rev. Stat. § 44-502(15)
    “(15)(a) For policies issued or delivered in this state on or after January 1, 2026, a provision that, at least fifteen days prior to termination or lapse by reason of default in payment of any premium due on such policy, a notice will be sent electronically or mailed to the last-known address of...”
  • Neb. Rev. Stat. § 44-503(2)
    “No policy of life or endowment insurance shall be issued or delivered in this state (1) if it contains in substance a provision by which the policy shall purport to be issued, or to take effect, more than six months before the original application for the insurance was made, (2) if it contains in...”
  • Neb. Rev. Stat. § 44-502(5)
    “Provided, limitations with reference to aeronautics shall not be included in any policy where an extra premium is charged to cover the aeronautic risk, nor shall any such limitations extending beyond the contestable period be included in or attached to any policy where the applicant for insurance...”
  • Neb. Rev. Stat. § 44-502(7)
    “The insured, under any annual dividend policy, shall have the right each year to have the dividend arising from such participation paid in cash, and if the policy shall provide other dividend options, it shall further provide that, if the insured shall not elect any such other options, one of such...”
  • Neb. Rev. Stat. § 44-502(2)
    “(2) A provision that the insured is entitled to a grace of one month within which the payment of any premium, after the first year, may be made, subject, at the option of the company, to an interest charge not in excess of six percent per annum for the number of days of grace elapsing before the...”
  • Neb. Rev. Stat. § 44-502(12)
    “(12) A provision that when a policy shall become a claim by the death of the insured, settlement shall be made upon receipt of due proof of death, or not later than two months after receipt of such proof.”
  • Neb. Rev. Stat. § 44-502(8)
    “It shall be further stipulated in the policy that failure to repay any such advance, or to pay interest, shall not avoid the policy unless the total indebtedness thereon to the company shall equal or exceed such loan value at the time of such failure, nor until one month after notice shall have...”

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Questions about this source

Neb. Rev. Stat. ch. 44, life and annuity policy provisions (44-502 to 44-513) is a state statute published by Nebraska Legislature (nebraskalegislature.gov). Edition: Nebraska Revised Statutes, current through the 2026 session as served by the Legislature.

No. This page summarizes the document and links to the official version. Always rely on the text published by Nebraska Legislature (nebraskalegislature.gov) for the current law.

Practice questions for Nebraska Life & Health cite this document.

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