reglab/housing_qa huggingface dataset:
NE Code § 44-3,159 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-3,159 - Health plan; self-funded employee benefit plan; assertion of contractual rights to proceeds; prohibited acts; section; applicability.

44-3,159.  Health plan; self-funded employee benefit plan; assertion of contractual rights to proceeds; prohibited acts; section; applicability.(1) No health plan and no self-funded employee benefit plan to the extent not preempted by federal law shall assert any contractual rights to the proceeds of any resources purchased by or on behalf of the policyholder, subscriber, certificate holder, or enrollee, including medical payments coverage under a motor vehicle insurance policy, uninsured or underinsured motorist coverage, accident or disability income coverage, specific disease or illness coverage, or hospital indemnity or other fixed indemnity coverage.(2) This section shall not (a) affect the coordination of benefits between health plans or self-funded employee benefit plans, (b) prevent the coordination of benefits between a health plan or self-funded employee benefit plan and medical payments coverage under a motor vehicle insurance policy if such coordination of benefits applies medical payments coverage to deductible, copayment, and coinsurance amounts after discounts provided through the health plan or self-funded employee benefit plan, or (c) prevent the application of the medical payments coverage under a motor vehicle insurance policy to items not covered by a health plan or self-funded employee benefit plan.(3) For purposes of this section, health plan means an individual or group sickness and accident insurance policy or subscriber contract delivered, issued for delivery, or renewed in this state except for (a) policies that provide coverage for specified disease or other limited-benefit coverage or hospital indemnity or other fixed indemnity coverage or (b) self-funded employee benefit plans to the extent preempted by federal law.Source Laws 2013, LB479, § 1.
NE Code § 44-401 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-401 - Domestic property and casualty insurance companies; valuation; reserves.

44-401.  Domestic property and casualty insurance companies; valuation; reserves.In ascertaining the condition of a domestic stock property or casualty insurance company, there shall be allowed as assets only such investments, cash, and accounts as are authorized by the laws of this state at the date of the examination. In ascertaining its liabilities, there shall be charged in addition to the capital stock, all outstanding claims, and a sum equal to one hundred percent of the unearned premiums on the policies in force, after deducting credit for reinsurance authorized by sections 44-416.05 to 44-416.10, calculated on the gross sum without any deductions on any account, charged to the policyholder on each respective risk from the date of the issuance of the policy. In ascertaining the condition of a domestic mutual property or casualty insurance company, other than a company licensed solely to write the line of insurance specified in subdivision (4) of section 44-201, there shall be allowed as assets only such investments, cash, and accounts as are authorized by the laws of this state at the date of examination. In ascertaining its liabilities, there shall be charged all outstanding claims and a reserve in an amount equal to one hundred percent of the total unearned premium on all their policies in force. If the department finds this section to be impractical in ascertaining the condition of certain kinds of insurance companies, the department shall adopt and promulgate such rules and regulations as it deems proper, efficient, and consistent with law. Such rules and regulations shall give due regard to the statutes, rules, regulations, and established industry practices which may be used in other states or which are approved by the National Association of Insurance Commissioners.Source   Laws 1913, c. 154, § 93, p. 437;   R.S.1913, § 3230;   Laws 1919, c. 190, tit. V, art. VI, § 1, p. 618;   Laws 1921, c. 303, § 1, p. 960;   C.S.1922, § 7829;   Laws 1927, c. 141, § 1, p. 383;   C.S.1929, § 44-501;   R.S.1943, § 44-401;   Laws 1949, c. 148, § 1, p. 374;   Laws 1951, c. 138, § 1, p. 570;   Laws 1959, c. 204, § 1, p. 713;   Laws 1981, LB 330, § 1;   Laws 1985, LB 299, § 7;   Laws 1989, LB 92, § 116;  Laws 2000, LB 930, § 2;  Laws 2005, LB 119, § 5.
NE Code § 44-401.01 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-401.01 - Domestic property and casualty insurance companies; loss reserves.

44-401.01.  Domestic property and casualty insurance companies; loss reserves.Loss reserves for domestic property and casualty insurance companies shall be set at the present value of estimated future payments if (1) a complete settlement between the claimant and the insured or insurer has been agreed upon, (2) all payments due the claimant have not yet been made, and (3) the payments are structured as an annuity.Source  Laws 1989, LB 92, § 118.
NE Code § 44-402.01 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-402.01 - Life insurance; reserves; separate accounts; establish; procedure.

44-402.01.  Life insurance; reserves; separate accounts; establish; procedure.Any domestic life insurance company, including, for the purposes of sections 44-402.01 to 44-402.05, all domestic fraternal benefit societies which operate on a legal reserve basis, may, after adoption of a resolution by its board of directors and upon approval of the Director of Insurance, establish one or more separate accounts and may allocate thereto amounts, including without limitation proceeds applied under optional modes of settlement or under dividend options, to provide for life insurance and benefits incidental thereto, payable in fixed or variable amounts or both, and may, upon approval of the director, guarantee the value of the assets allocated to a separate account.Source   Laws 1972, LB 771, § 1;   Laws 1987, LB 17, § 9;  Laws 2005, LB 119, § 6;  Laws 2011, LB72, § 2.
NE Code § 44-402.02 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-402.02 - Life insurance; reserves; separate accounts; gains and losses.

44-402.02.  Life insurance; reserves; separate accounts; gains and losses.The income, gains and losses, realized or unrealized, from assets allocated to a separate account shall be credited to or charged against such account, without regard to other income, gains or losses of such company.Source  Laws 1972, LB 771, § 2.
NE Code § 44-402.03 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-402.03 - Life insurance; reserves; separate accounts; investment; transfer.

44-402.03.  Life insurance; reserves; separate accounts; investment; transfer.(1) Except as may be provided with respect to reserves for guaranteed benefits, amounts allocated to any separate account and accumulations thereon may be invested and reinvested without regard to any requirements or limitations prescribed by the laws of this state governing the investments of life insurance companies and the investments in such separate account or accounts shall not be taken into account in applying investment limitations otherwise applicable to investments of such company.(2) No investment in such separate accounts or in the domestic life insurance company's general investment account shall be transferred by sale, exchange, substitution, or otherwise from one account to another unless the director approves such transfer or unless the director has not disapproved the application for transfer within thirty days from filing. The application to transfer investments shall be on a form provided by the director.Source   Laws 1972, LB 771, § 3;   Laws 1991, LB 237, § 62.
NE Code § 44-402.04 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-402.04 - Life insurance; reserves; separate accounts; ownership by company.

44-402.04.  Life insurance; reserves; separate accounts; ownership by company.Amounts allocated to a separate account in the exercise of the power granted by sections 44-402.01 to 44-402.05 shall be owned by the company, and the company shall not be, nor hold itself out to be, a trustee with respect to such amounts. If and to the extent so provided under the applicable contracts, that portion of the assets of any such separate account equal to the reserves and other contract liabilities with respect to such account shall not be chargeable with liabilities arising out of any other business the company may conduct.Source  Laws 1972, LB 771, § 4.
NE Code § 44-402.05 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-402.05 - Variable life contracts; rules and regulations.

44-402.05.  Variable life contracts; rules and regulations.Notwithstanding any other provision of law, the Director of Insurance shall have the authority to adopt such reasonable rules and regulations as are appropriate and necessary to regulate the issuance and sale of variable life contracts. Such rules and regulations may relate to, but shall not be limited to, qualifications of foreign and domestic insurance companies and agents, required and prohibited policy provisions, the inapplicability of certain sections of Chapter 44, to variable life contracts, establishment and maintenance of separate accounts, filing of contracts and required reports, and examination of records. Any provision in a variable life contract relating to grace period, loans, reinstatement, and nonforfeiture shall be appropriate to such contract, and reserve liability for variable life contracts shall be established in accordance with actuarial procedures that recognize the variable nature of the benefits provided and any mortality guarantees.Source  Laws 1972, LB 771, § 5.
NE Code § 44-403 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-403 - Life insurance; standard of valuation; policies issued prior to operative date of law.

44-403.  Life insurance; standard of valuation; policies issued prior to operative date of law.This section shall apply to only those policies and contracts issued prior to the operative date defined in section 44-407.07 (the Standard Nonforfeiture Law for Life Insurance). All such valuations made by the Department of Insurance, or by its authority, shall be according to the standard of valuation adopted by the company, which standard shall be stated in its annual report to the department. Such standard of valuation, whether on the net level premium, preliminary term, any modified preliminary term, or select and ultimate reserve basis, for all such policies issued after July 17, 1913, shall be according to the American Experience or Actuaries' Table of Mortality, with not less than three and not more than four percent compound interest. When the preliminary term basis is used it shall not exceed one year. Insurance against total and permanent mental or physical disability resulting from accident or disease, or against accidental death, combined with a policy of life insurance, shall be valued on the basis of the mean reserve, being one-half of the additional annual premium charged therefor. Except as otherwise provided in subsection (3) of section 44-8907 for all annuities and pure endowments purchased on or after the operative date of such subsection under group annuity and pure endowment contracts, the legal minimum standard for the valuation of annuities shall be McClintock's Table of Mortality Among Annuitants, or the American Experience Table of Mortality, with compound interest at three and one-half percent per annum for individual annuities and five percent per annum for group annuities, but annuities deferred ten or more years, and written in connection with life or term insurance, shall be valued on the same mortality table from which the consideration or premiums were computed, with compound interest not higher than three and one-half percent per annum. The legal standard for the valuation of industrial policies shall be the American Experience Table of Mortality, with compound interest at not less than three nor more than three and one-half percent per annum, except that any life insurance company may voluntarily value its industrial policies written on the weekly payment plan according to the Standard Industrial Mortality Table or the Substandard Industrial Mortality Table. Reserves for all such policies and contracts may be calculated, at the option of the company, according to any standards which produce greater aggregate reserves for all such policies and contracts than the minimum reserves required by this section.Source   Laws 1913, c. 154, § 94, p. 437;   R.S.1913, § 3231;   Laws 1919, c. 190, tit. V, art. VI, § 2, p. 618;   C.S.1922, § 7830;   C.S.1929, § 44-502;   Laws 1943, c. 106, § 1(2), p. 355;   R.S.1943, § 44-403;   Laws 1973, LB 309, § 1;   Laws 1979, LB 354, § 1;  Laws 2014, LB755, § 13.
NE Code § 44-404 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-404 - Transferred to section 44-8907.

44-404.  Transferred to section 44-8907.
NE Code § 44-405 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-405 - Life insurance; loan values.

44-405.  Life insurance; loan values.(1) In the case of those policies issued prior to the operative date defined in section 44-407.07 (the Standard Nonforfeiture Law), the loan value referred to in provision (8) of section 44-502 shall be the reserve at the end of the current policy year on the policy and on any dividend additions thereto, less a sum not more than two and one-half percent of the amount insured by the policy and of any undivided additions thereto. The policy shall specify the mortality table and the rate of interest adopted for computing such reserve and may provide that such loan may be deferred for not exceeding six months after the application therefor is made.(2) In the case of policies issued on or after the operative date defined in section 44-407.07 (the Standard Nonforfeiture Law), the loan value referred to in provision (8) of section 44-502 shall be the cash surrender value at the end of the current policy year as required by sections 44-407 to 44-407.09. The company shall reserve the right to defer such loan, except when made to pay premiums, for six months after application therefor is made.(3) This section shall not apply to term insurances.Source   Laws 1943, c. 106, § 6, p. 367;   R.S.1943, § 44-405;   Laws 1965, c. 262, § 2, p. 735.
NE Code § 44-406 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-406 - Life insurance; nonforfeiture benefits.

44-406.  Life insurance; nonforfeiture benefits.This section shall apply only to policies of life insurance issued prior to the operative date defined in section 44-407.07 (the Standard Nonforfeiture Law). The nonforfeiture benefit referred to in provision (9) of section 44-502 shall be available to the owner of the policy, in event of default in premium payments after premiums shall have been paid for three years, and shall be a stipulated form of insurance, the net value of which shall be at least equal to the reserve, at the date of default on the policy, and on any dividend additions thereto, less a sum not more than two and one-half percent of the amount insured by the policy, and of any existing dividend additions thereto, and less any existing indebtedness to the company on the policy. The policy shall specify the mortality table and rate of interest adopted for computing such reserves and shall stipulate that it may be surrendered to the company at its home office within one month from date of default, for a specified cash value at least equal to the sum which would otherwise be available for the purchase of insurance as aforesaid, and may provide that the company may defer payment for not more than six months after the application therefor is made.Source   Laws 1943, c. 106, § 4, p. 362;   R.S.1943, § 44-406.
NE Code § 44-407 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-407 - Standard Nonforfeiture Law for Life Insurance; how cited.

44-407.  Standard Nonforfeiture Law for Life Insurance; how cited.Sections 44-407 to 44-407.09 and 44-407.24 to 44-407.26 shall be known as the Standard Nonforfeiture Law for Life Insurance.Source   Laws 1943, c. 106, § 5, p. 363;   R.S.1943, § 44-407;   Laws 1965, c. 262, § 3, p. 736;   Laws 1979, LB 354, § 3;   Laws 1981, LB 355, § 2.
NE Code § 44-407.02 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-407.02 - Policies issued on or after operative date of law; default in premium payment on policy anniversary; cash surrender value.

44-407.02.  Policies issued on or after operative date of law; default in premium payment on policy anniversary; cash surrender value.Any cash surrender value available under the policy in the event of default in a premium payment due on any policy anniversary, whether or not required by section 44-407.01, shall be an amount not less than the excess, if any, of the present value, on such anniversary, of the future guaranteed benefits which would have been provided for by the policy, including any existing paid-up additions, if there had been no default, over the sum of (a) the then present value of the adjusted premiums as defined in sections 44-407.04, 44-407.08, 44-407.09, and 44-407.24, corresponding to premiums which would have fallen due on and after such anniversary, and (b) the amount of any indebtedness to the company on the policy. For any policy issued on or after the operative date of section 44-407.24 as defined therein, which provides supplemental life insurance or annuity benefits at the option of the insured and for an identifiable additional premium by rider or supplemental policy provision, the cash surrender value referred to in the first paragraph of this section shall be an amount not less than the sum of the cash surrender value as defined in such paragraph for an otherwise similar policy issued at the same age without such rider or supplemental policy provision and the cash surrender value as defined in such paragraph for a policy which provides only the benefits otherwise provided by such rider or supplemental policy provision.For any family policy issued on or after the operative date of section 44-407.24 as defined therein, which defines a primary insured and provides term insurance on the life of the spouse of the primary insured expiring before the spouse's age seventy-one, the cash surrender value referred to in the first paragraph of this section shall be an amount not less than the sum of the cash surrender value as defined in such paragraph for an otherwise similar policy issued at the same age without such term insurance on the life of the spouse and the cash surrender value as defined in such paragraph for a policy which provides only the benefits otherwise provided by such term insurance on the life of the spouse.Any cash surrender value available within thirty days after any policy anniversary under any policy paid up by completion of all premium payments or any policy continued under any paid-up nonforfeiture benefit, whether or not required by section 44-407.01, shall be an amount not less than the present value, on such anniversary, of the future guaranteed benefits provided for by the policy, including any existing paid-up additions, decreased by any indebtedness to the company on the policy.Source   Laws 1943, c. 106, § 5(2), p. 364;   R.S.1943, § 44-407.02;   Laws 1959, c. 206, § 1, p. 719;   Laws 1965, c. 262, § 4, p. 736;   Laws 1981, LB 355, § 4.
NE Code § 44-407.03 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-407.03 - Policies issued on or after operative date of law; default in premium payment on policy anniversary; paid-up nonforfeiture benefit.

44-407.03.  Policies issued on or after operative date of law; default in premium payment on policy anniversary; paid-up nonforfeiture benefit.Any paid-up nonforfeiture benefit available under the policy in the event of default in a premium payment due on any policy anniversary shall be such that its present value as of such anniversary shall be at least equal to the cash surrender value then provided for by the policy or, if none is provided for, that cash surrender value which would have been required by sections 44-407 to 44-407.09 and 44-407.24 to 44-407.26 in the absence of the condition that premiums shall have been paid for at least a specified period.Source   Laws 1943, c. 106, § 5(3), p. 364;   R.S.1943, § 44-407.03;   Laws 1965, c. 262, § 5, p. 737;   Laws 1981, LB 355, § 5.
NE Code § 44-407.05 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-407.05 - Policies issued on or after operative date of law; default in premium payment other than on policy anniversary; cash surrender value; paid-up nonforfeiture benefit.

44-407.05.  Policies issued on or after operative date of law; default in premium payment other than on policy anniversary; cash surrender value; paid-up nonforfeiture benefit.Any cash surrender value and any paid-up nonforfeiture benefit, available under the policy in the event of default in a premium payment due at any time other than on the policy anniversary, shall be calculated with allowance for the lapse of time and the payment of fractional premiums beyond the last preceding policy anniversary. All values referred to in sections 44-407.02 to 44-407.04, 44-407.08, 44-407.09, and 44-407.24, may be calculated upon the assumption that any death benefit is payable at the end of the policy year of death. The net value of any paid-up additions, other than paid-up term additions, shall be not less than the amounts used to provide such additions. Notwithstanding the provisions of section 44-407.02, additional benefits payable (a) in the event of death or dismemberment by accident or accidental means, (b) in the event of total and permanent disability, (c) as reversionary annuity or deferred reversionary annuity benefits, (d) as term insurance benefits provided by a rider or supplemental policy provision to which, if issued as a separate policy, sections 44-407 to 44-407.09 and 44-407.24 to 44-407.26 would not apply, (e) as term insurance on the life of a child or on the lives of children provided in a policy on the life of a parent of the child, if such term insurance expires before the child's age is twenty-six, is uniform in amount after the child's age is one, and has not become paid up by reason of the death of a parent of the child, and (f) as other policy benefits additional to life insurance and endowment benefits, and premiums for all such additional benefits, shall be disregarded in ascertaining cash surrender values and nonforfeiture benefits required by said sections, and no such additional benefits shall be included in any paid-up nonforfeiture benefits unless specifically included by the terms of the policy.Source   Laws 1943, c. 106, § 5(5), p. 366;   R.S.1943, § 44-407.05;   Laws 1959, c. 206, § 4, p. 722;   Laws 1961, c. 222, § 3, p. 663;   Laws 1965, c. 262, § 7, p. 739;   Laws 1981, LB 355, § 7.