Nebraska Statutes 44-3404. Policies; applicability of sections
Sections 44-3401 to 44-3408 shall apply to all policies, except:
Terms Used In Nebraska Statutes 44-3404
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Contract: A legal written agreement that becomes binding when signed.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- 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
(1) Any policy which is a security subject to federal jurisdiction;
(2) Any group policy covering a group of one thousand or more lives at date of issue, other than a group credit life insurance policy or a group credit accident and health insurance policy, but this shall not exempt any individual certificate issued under a group policy delivered or issued for delivery in this state;
(3) Any group annuity contract which funds a pension, profit-sharing, or deferred compensation plan;
(4) Any form used in connection with, as a conversion from, as an addition to, or in exchange under, a contractual provision for a policy delivered or issued for delivery on a form approved or permitted to be issued before the dates such forms must be approved under sections 44-3401 to 44-3408 ; or
(5) The renewal of a policy delivered or issued for delivery before the dates such forms must be approved under sections 44-3401 to 44-3408.