Nebraska Statutes 44-1202. Contracts; licensed agent or attorney may execute
Such contracts may be executed by an attorney, agent, or other representative, herein designated attorney, duly authorized and acting for such subscribers; Provided, that no such interinsurance contracts covering risks located or residing in this state shall be solicited, written, or placed, or caused to be solicited, written, or placed, except by or through a duly licensed agent of the attorney, resident within this state or licensed by the Department of Insurance; except that such contracts may be executed by the attorney, or an officer of the same if the attorney is a corporation, if done at the home office of the attorney or exchange in this state. The office or offices of such attorney may be maintained at such place or places as may be designated by the subscribers in the power of attorney.
Source
- Laws 1917, c. 189, § 2, p. 459;
- Laws 1919, c. 190, tit. V, art. XV, § 2, p. 682;
- C.S.1922, § 7970;
- C.S.1929, § 44-1502;
- R.S.1943, § 44-1202;
- Laws 1949, c. 151, § 1, p. 388.
Terms Used In Nebraska Statutes 44-1202
- Attorney: shall mean attorney at law. See Nebraska Statutes 49-801
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: shall mean the Department of Insurance. See Nebraska Statutes 44-103
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
- 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