Nebraska Statutes 44-319.02. Domestic companies; securities; amount required
Current as of: 2023 | Check for updates
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Every domestic insurer hereafter organized to transact the business of insurance in this state shall deposit and continually maintain with the Department of Insurance eligible securities for the benefit of all of its policyholders or policyholders and creditors in the United States in the amount of one hundred thousand dollars.
Source
- Laws 1955, c. 174, § 2, p. 499;
- Laws 1989, LB 92, § 96;
- Laws 2023, LB92, § 51.
- Operative Date: September 2, 2023
Terms Used In Nebraska Statutes 44-319.02
- Department: shall mean the Department of Insurance. See Nebraska Statutes 44-103
- Domestic: when applied to corporations shall mean all those created by authority of this state. See Nebraska Statutes 49-801
- 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