Nebraska Statutes 44-6022. Supplemental provisions
(1) The provisions of the Insurers and Health Organizations Risk-Based Capital Act are supplemental to any other provisions of the laws of this state and shall not preclude or limit any other powers or duties of the director under such laws, including, but not limited to, the Nebraska Insurers Supervision, Rehabilitation, and Liquidation Act.
Terms Used In Nebraska Statutes 44-6022
- Director: means the Director of Insurance. See Nebraska Statutes 44-6005
- Domestic health organization: means a health organization domiciled in this state. See Nebraska Statutes 44-6006.01
- Reinsurance: shall mean a contract by which an insurer procures a third party to insure it against loss or liability by reason of such original insurance. See Nebraska Statutes 44-103
- 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
(2) The director may exempt from the application of the Insurers and Health Organizations Risk-Based Capital Act a domestic health organization which:
(a)(i) Writes direct business only in this state;
(ii) Assumes no reinsurance in excess of five percent of direct premium written; and
(iii) Writes direct annual premiums for comprehensive medical business of two million dollars or less; or
(b) Is a limited health service organization that covers fewer than two thousand lives.