Nebraska Statutes 44-319.01. Domestic companies; securities; terms, defined
For purposes of sections 44-319.01 to 44-319.13, unless the context otherwise requires:
Terms Used In Nebraska Statutes 44-319.01
- Assessment association: shall mean a company that meets its losses and expenses from assessment levied upon its members. See Nebraska Statutes 44-103
- Director: shall mean the Director of Insurance. See Nebraska Statutes 44-103
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Insurer: shall include all companies, exchanges, societies, or associations whether organized on the stock, mutual, assessment, or fraternal plan of insurance and reciprocal insurance exchanges. See Nebraska Statutes 44-103
- Insurer shall: include all companies, exchanges, societies, or associations whether organized on the stock, mutual, assessment, or fraternal plan of insurance and reciprocal insurance exchanges. See Nebraska Statutes 44-103
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
- United States: shall include territories, outlying possessions, and the District of Columbia. See Nebraska Statutes 49-801
(1) Director shall mean the Director of Insurance or his or her authorized representative;
(2) Policyholders shall mean all persons having a legal or equitable right against a depositing insurer or assessment association arising out of or by reason of depositing insurer’s or association’s policies and obligees under its surety contracts;
(3) State shall mean any state of the United States, the government of Puerto Rico, and the District of Columbia;
(4) Eligible securities shall mean the investments authorized under the Insurers Investment Act other than investments authorized under sections 44-5134, 44-5143 to 44-5145, 44-5149, 44-5152, and 44-5153, and unless otherwise provided by law, the values of such investments shall, for the purpose of sections 44-319.01 to 44-319.13, be an amount not exceeding the current market values thereof; and
(5) Insurer shall mean stock and mutual insurance companies and reciprocal exchanges.
Source
- Laws 1955, c. 174, § 1, p. 498;
- Laws 1961, c. 210, § 3, p. 627;
- Laws 1969, c. 359, § 13, p. 1273;
- Laws 1991, LB 237, § 58;
- Laws 1997, LB 273, § 1;
- Laws 1998, LB 1035, § 1.