Nebraska Statutes 44-823. Domestic health and accident associations; reserves; creation
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Nothing in sections 44-821 to 44-825, or in any law enacted before August 24, 1941, shall be construed to place any limitation upon the right of any assessment association to create reserves for expenses, unearned premiums or claims, or to create a surplus or contingency fund in such amount as may in the opinion of its board of directors be deemed prudent for the future protection of its policyholders.
Source
- Laws 1941, c. 89, § 3, p. 342;
- C.S.Supp.,1941, § 44-809;
- R.S.1943, § 44-823.
Terms Used In Nebraska Statutes 44-823
- Assessment association: shall mean a company that meets its losses and expenses from assessment levied upon its members. See Nebraska Statutes 44-103