Nebraska Statutes 44-392. Insurance; solicitation and sale; when authorized
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Any bank, trust company, investment company, bank affiliate, corporation, partnership, limited liability company, or association, owned or controlled by any bank located in this state, may sell or solicit any kind or form of insurance, either directly or indirectly, through any officer, agent, employee, or representative thereof. The sale and solicitation of insurance pursuant to this section shall be subject to compliance with the insurance laws of this state and rules and regulations adopted and promulgated thereunder.
Source
- Laws 1933, c. 74, § 1, p. 316;
- C.S.Supp.,1941, § 44-349;
- R.S.1943, § 44-392;
- Laws 1959, c. 202, § 1, p. 711;
- Laws 1977, LB 40, § 236;
- Laws 1993, LB 121, § 222;
- Laws 1999, LB 191, § 1.
Terms Used In Nebraska Statutes 44-392
- Company: shall include any corporation, partnership, limited liability company, joint-stock company, joint venture, or association. 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- 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