Nebraska Statutes 44-8103. Applicability of act; rules and regulations
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(1) The Nebraska Protection in Annuity Transactions Act applies to any recommendation or sale of an annuity.
Terms Used In Nebraska Statutes 44-8103
- 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.
- Director: shall mean the Director of Insurance. See Nebraska Statutes 44-103
(2) The Director of Insurance may adopt and promulgate rules and regulations to carry out the Nebraska Protection in Annuity Transactions Act.