Nebraska Statutes 44-3314. Certificate of authority; director; issuance; conditions
The director shall issue a certificate of authority to a corporation organized under the provisions of sections 44-3312 and 44-3313 if:
Terms Used In Nebraska Statutes 44-3314
- 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.
- Director: shall mean the Director of Insurance. See Nebraska Statutes 44-103
(1) He or she finds that all requirements of law have been met;
(2) He or she is satisfied that all natural persons who are incorporators, the directors and principal officers of corporate incorporators, and the proposed directors and officers of the corporation being formed are trustworthy, competent, and collectively have the competence and experience to engage in the particular insurance business proposed; and
(3) He or she is satisfied that the business plan is consistent with the interests of the corporation’s potential insureds and of the public.