Neb. Rev. Stat. ch. 44, Insurance Producers Licensing Act (44-4047 to 44-4069)

What this document is

Neb. Rev. Stat. ch. 44, Insurance Producers Licensing Act (44-4047 to 44-4069) 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, 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. § 44-4050 (Licensure required; enforcement)

  “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 this state for any...”

• Neb. Rev. Stat. § 44-4053(1)(a) (Resident license application; age; minority ends)

  “(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 complete to the best of...”

• Neb. Rev. Stat. § 44-4054(3) (License expiration; renewal after the expiration date)

  “All business entity licenses issued under the Insurance Producers Licensing Act shall expire on April 30 of each even-numbered year, and all producers licenses shall expire on the last day of the month of the producer's birthday in the first year after issuance in which his or her age is divisible...”

• Neb. Rev. Stat. § 44-4054(5) (Lapsed license; reinstatement without examination)

  “(5) An individual insurance producer who allows his or her license to lapse may, within twelve months from the due date of the renewal fee, reinstate the same license without the necessity of passing a written examination. Producer licenses reinstated pursuant to this subsection shall be issued...”

• Neb. Rev. Stat. § 44-4054(8) (Change of legal name or address; notice; penalty)

  “(8) Licensees shall inform the director by any means acceptable to the director of a change of legal name or address within thirty days after the change. Any person failing to provide such notification shall be subject to a fine by the director of not more than five hundred dollars per violation,...”

• Neb. Rev. Stat. § 44-4055(5) (Nonresident limited lines license; scope of authority)

  “(5) Notwithstanding any other provisions of the Insurance Producers Licensing Act, a person licensed as a limited line credit insurance producer, a limited line pre-need funeral insurance producer, or other type of limited lines producer in his or her home state shall receive a nonresident limited...”

• Neb. Rev. Stat. § 44-4056(2) (Producer moving to this state; examination not required)

  “(2) A person licensed as an insurance producer in another state who moves to this state shall make application within ninety days of establishing legal residence to become a resident licensee pursuant to section 44-4053. No examination shall be required of that person to obtain any line of...”

• Neb. Rev. Stat. § 44-4057 (Assumed name; duties)

  “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(2) (Temporary license; limits; disposal of the business)

  “(2) The director may by order limit the authority of any temporary licensee in any way deemed necessary to protect insureds and the public. The director may require the temporary licensee to have a suitable sponsor who is a licensed producer or insurer and who assumes responsibility for all acts of...”

• Neb. Rev. Stat. § 44-4059(6) (Enforcement after surrender or lapse; time limit on proceedings)

  “(6) The director shall retain the authority to enforce the provisions of and impose any penalty or remedy authorized by the Insurance Producers Licensing Act against any person who is under investigation for or charged with a violation of the act even if the person's license or registration has...”

• Neb. Rev. Stat. § 44-4061(1) (Appointment required to act as an insurer's agent)

  “(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.”

• Neb. Rev. Stat. § 44-4065(3) (Producer report of criminal prosecution)

  “(3) Within thirty days of the date of arraignment or date of waiver of arraignment, if waived, an insurance producer shall report to the director any criminal prosecution of the producer taken in any jurisdiction. The report shall include a copy of the initial complaint filed, the order resulting...”

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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, 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
• Nebraska Department of Insurance Licensing Examination Candidate Information BulletinCandidate handbook or exam outline