Nebraska Property and Casualty Rate and Form Act (44-7501 to 44-7535)

What this document is

Nebraska Property and Casualty Rate and Form Act (44-7501 to 44-7535) 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. § 44-7519(4) (Insurers, advisory organizations, and statistical agents; prohibited acts)

  “The fact that two or more insurers, whether or not members or subscribers of an advisory organization, consistently or intermittently use the same rates, rating systems, forms, prospective loss costs, underwriting rules or practices, surveys, inspections, or similar materials shall not be...”

• Neb. Rev. Stat. § 44-7530(1)(a) (Violations; administrative penalty)

  “Payment of an administrative penalty of not more than one thousand dollars for every act or violation but not to exceed an aggregate penalty of ten thousand dollars in any six-month period unless the person knew or reasonably should have known of the violation of the act, in which case the penalty...”

• Neb. Rev. Stat. § 44-7516.01(1) (Private passenger automobile liability policy; disclosure)

  “no private passenger automobile liability policy shall be delivered, issued for delivery, or renewed with respect to any motor vehicle licensed in this state unless accompanied by a disclosure showing the location used to determine the rate charged to the named insured and if any credit-based...”

• Neb. Rev. Stat. § 44-7529 (False or misleading information; prohibited acts)

  “No person shall knowingly give false or misleading information that will affect the policy forms applicable, dividends payable, or rates or premiums chargeable to the director or any statistical agent, advisory organization, or insurer.”

• Neb. Rev. Stat. § 44-7528 (Applicants unable to procure insurance; apportionment among insurers)

  “Such agreements, policy forms, rating systems, and modifications thereof shall be subject to the approval of the director.”

Practice this material

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