A risk retention group shall not:

Terms Used In Nebraska Statutes 44-4410

  • Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801

(1) Solicit or sell insurance to any person who is not eligible for membership in such group; or

(2) Solicit or sell insurance or operate in a hazardous financial condition or financially impaired condition.