A corporation organized under sections 44-3801 to 44-3826 shall invest its funds as provided by Chapter 44 and its investments shall be valued as provided by Chapter 44. The investments shall exceed its liabilities and reserves except for claim liability covered by contracting dentist guarantees, and it shall be a continuing condition of licensing by the director that such solvency be maintained.

Terms Used In Nebraska Statutes 44-3816

  • 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
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
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