reglab/housing_qa huggingface dataset:
NE Code § 44-242 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-242 - All-lines insurer; terms, defined.

44-242.  All-lines insurer; terms, defined.For purposes of sections 44-242 to 44-247, unless the context otherwise requires:(1) An all-lines insurer shall mean an insurer authorized to write more than one line of insurance included in a life insurance class of insurance and one or more lines of insurance included in a property and liability class of insurance;(2) Life insurance class of insurance shall mean the lines of insurance specified in subdivisions (1) through (4) of section 44-201; and(3) Property and liability class of insurance shall mean the lines of insurance specified in subdivisions (4) through (14) and (16) through (20) of section 44-201, except that, with respect to any particular all-lines insurer, the line of insurance specified in subdivision (4) of section 44-201 may be included in either the life insurance class of insurance or property and liability class of insurance but shall not be included in both classes or, without the approval of the department, transferred from one class to another.Source   Laws 1979, LB 332, § 1;   Laws 1989, LB 92, § 87.
NE Code § 44-243 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-243 - All-lines insurer; minimum surplus; maintain; failure; effect.

44-243.  All-lines insurer; minimum surplus; maintain; failure; effect.Except as provided in section 44-202.01, an all-lines insurer shall maintain a minimum surplus to policyholders, as defined in section 44-222, of at least two million dollars in the form of capital, if a stock insurance company, or in the form of surplus, if a mutual insurance company, in accordance with sections 44-214 and 44-219, respectively. Such an insurer shall not be subject to section 44-245 so long as its surplus to policyholders exceeds such minimum. Whenever the surplus to policyholders of such an insurer falls below such minimum, it shall be deemed to be an impaired insurer and shall automatically be subject to section 44-245.Source   Laws 1979, LB 332, § 2;   Laws 1989, LB 92, § 88.
NE Code § 44-244 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-244 - All-lines insurer; class of insurance; annual statement; premiums; how accounted for.

44-244.  All-lines insurer; class of insurance; annual statement; premiums; how accounted for.Each line of insurance written by an all-lines insurer which is included in the life insurance class of insurance or the property and liability class of insurance shall be accounted for separately in life and accident and health annual statement blanks and fire and casualty annual statement blanks, respectively. Nothing in this section shall prohibit the writing of combination policy forms by an all-lines insurer combining any line or lines of insurance included in the life insurance class of insurance with any line or lines of insurance included in the property and liability class of insurance, but the allocable and separately stated premiums for each line of insurance shall be accounted for separately according to its classification.Source   Laws 1979, LB 332, § 3;   Laws 1989, LB 92, § 89.
NE Code § 44-245 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-245 - All-lines insurer; impairment or insolvency; liabilities; how charged.

44-245.  All-lines insurer; impairment or insolvency; liabilities; how charged.In the event of impairment or insolvency of an all-lines insurer, the excess of the liabilities of one class of insurance over the accumulated assets attributable to that class of insurance may be charged as necessary against the assets of the other class only to the extent that assets attributable to such other class exceed the amount of reserves and other liabilities of such other class.Source  Laws 1979, LB 332, § 4.
NE Code § 44-246 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-246 - Insurance statutes, applicability; sections, how construed.

44-246.  Insurance statutes, applicability; sections, how construed.All requirements, limitations, and restrictions of Chapter 44 which apply to specific lines of insurance or to companies identified by the specific lines of insurance transacted by them shall apply to such companies and to all persons or agents thereof with respect to such specific line of insurance only to the extent transacted or conducted by such companies notwithstanding the fact that companies authorized under this section are formed or authorized to transact lines of insurance included in both the life insurance and property and casualty classes of insurance. If any provisions of sections 44-242 to 44-247 conflict with any other provisions of Chapter 44, the provisions of sections 44-242 to 44-247 shall prevail.Source   Laws 1979, LB 332, § 5;   Laws 1989, LB 92, § 90.
NE Code § 44-247 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-247 - Department; rules and regulations.

44-247.  Department; rules and regulations.The department shall adopt and promulgate rules and regulations necessary to carry out sections 44-242 to 44-247.Source   Laws 1979, LB 332, § 6;   Laws 1989, LB 92, § 91.
NE Code § 44-248 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-248 - Plan of exchange; act, how cited.

44-248.  Plan of exchange; act, how cited.Sections 44-248 to 44-255 shall be known and may be cited as the Insurance Company Plan of Exchange Act.Source   Laws 1973, LB 296, § 1;   R.S.1943, (1988), § 44-133.01;   Laws 1989, LB 92, § 23.
NE Code § 44-249 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-249 - Plan of exchange; adoption.

44-249.  Plan of exchange; adoption.Any domestic stock insurance company may adopt a plan providing for the exchange of its outstanding shares for the consideration designated in this section to be paid or provided by a corporation which is to acquire such shares in the manner provided in sections 44-248 to 44-255.The plan of exchange may provide that the acquiring corporation, as consideration for the stock of the domestic corporation, (1) transfer shares of its stock, (2) transfer other securities issued by it, (3) pay cash therefor, (4) pay or provide other consideration, or (5) pay or provide any combination of the foregoing types of consideration.Acquiring corporation, as used in sections 44-248 to 44-255, shall mean any corporation incorporated under the laws of the State of Nebraska, any foreign or alien corporation domesticated or qualified to do business in Nebraska, or any foreign or alien insurance company authorized to do business in Nebraska.Source   Laws 1973, LB 296, § 2;   R.S.1943, (1988), § 44-133.02.
NE Code § 44-250 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-250 - Plan of exchange; approval by directors.

44-250.  Plan of exchange; approval by directors.The board of directors of each corporation which is a party to a plan of exchange shall by resolution upon a vote of two-thirds of all of its directors approve a plan of exchange setting forth:(1) The names of the companies proposing to adopt a plan of exchange, and the names of the states or countries under which each of the companies is incorporated or organized;(2) The terms and conditions of the proposed plan of exchange, and the mode of carrying the same into effect;(3) The manner and basis of exchanging the shares of stock of the acquired company or other consideration involved in the plan of exchange; and(4) Such other provisions with respect to the plan of exchange as are deemed necessary or advisable.Source   Laws 1973, LB 296, § 3;   R.S.1943, (1988), § 44-133.03.
NE Code § 44-251 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-251 - Plan of exchange; approval; submit to shareholders.

44-251.  Plan of exchange; approval; submit to shareholders.(1) Such plan of exchange shall then be submitted to the Director of Insurance for his or her approval after a hearing at which the shareholders of the company to be acquired shall have an opportunity to be heard upon at least ten days' notice to be given by the company to its shareholders of record at the time of mailing such notice. The director shall approve such plan within twenty days after such hearing unless he or she finds that the terms and conditions thereof for the issuance and exchange of securities or other consideration are unfair to the shareholders of the company to be acquired or if he or she finds that any of the conditions set forth in subsection (1) of section 44-2127 exist.(2) After having obtained the approval of the Director of Insurance, the plan of exchange shall be submitted to a vote at a meeting of the shareholders of the company to be acquired. Such meeting may be either an annual or a special meeting. Notice shall be given not less than twenty days before such meeting to each shareholder of record as of the time of mailing such notice. Such notice shall be deemed to be delivered when deposited in the United States mail with postage prepaid, addressed to the shareholder at his or her address as it appears on the records of the company. A copy or summary of the plan of exchange shall be included in or enclosed with such notice. Each outstanding share of such company shall be entitled to vote on the proposed plan, whether or not such share has voting rights under the provisions of the articles of incorporation of such company. The affirmative vote of two-thirds of all of the outstanding shares, in person or by proxy, shall be necessary for the approval of any such plan by such shareholders.Source   Laws 1973, LB 296, § 4;   R.S.1943, (1988), § 44-133.04;   Laws 1989, LB 92, § 24;   Laws 1991, LB 236, § 38.
NE Code § 44-252 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-252 - Plan of exchange; effective; abandon; when.

44-252.  Plan of exchange; effective; abandon; when.Upon such approval of the plan by the shareholders, it shall be executed by the company acquired by its president or vice president and by its secretary or an assistant secretary and shall become effective without other action upon the filing thereof with the Director of Insurance along with a certification as to the number of shares outstanding entitled to vote and the number of shares voted for and against such plan respectively. At any time prior to the filing of the same with the director with such certification, the plan of exchange may be abandoned pursuant to the provisions therefor, if any, set forth in the plan.Source   Laws 1973, LB 296, § 5;   R.S.1943, (1988), § 44-133.05.
NE Code § 44-254 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-254 - Plan of exchange; transfer; effect.

44-254.  Plan of exchange; transfer; effect.(1) Upon a plan of exchange becoming effective, the exchange provided for therein shall be considered to have been consummated and each shareholder of the stock insurance company acquired shall cease to be a shareholder of such company. The ownership of all shares of the issued and outstanding stock of such company shall vest in the acquiring corporation automatically without any physical transfer or deposit of certificates representing such shares. The acquiring corporation thereupon shall become the sole shareholder of such stock insurance company and have all of the rights, privileges, immunities and powers and, except as otherwise provided in sections 44-248 to 44-255, be subject to all the duties and liabilities to the extent provided by law of a shareholder of an insurance company organized under the laws of this state.(2) Certificates representing shares of a domestic insurance company to be acquired prior to the plan of exchange becoming effective shall, after the plan of exchange becomes effective, represent (a) shares of the issued and outstanding capital stock or other securities issued by the acquiring corporation and (b) the right, if any, to receive cash or other consideration upon such terms as are specified in the plan of exchange. The plan of exchange may specify that all such certificates shall after the plan of exchange becomes effective represent only the right to receive shares of stock or other securities issued by the acquiring corporation, or cash or other consideration or any combination thereof, upon such terms as are specified in the plan of exchange.Source   Laws 1973, LB 296, § 7;   R.S.1943, (1988), § 44-133.07.
NE Code § 44-255 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-255 - Plan of exchange; corporate status.

44-255.  Plan of exchange; corporate status.The stock company acquired under a plan of exchange and the acquiring corporation shall be in all respects separate and distinct corporations, with neither corporation having any liability to the creditors or policyholders, if any, or shareholders of the other for any acts or omissions of the officers, directors, or shareholders of either or both of such corporations.Source   Laws 1973, LB 296, § 8;   R.S.1943, (1988), § 44-133.08.
NE Code § 44-301 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-301 - Insurance companies; corporation laws apply; exceptions.

44-301.  Insurance companies; corporation laws apply; exceptions.The Nebraska Model Business Corporation Act, except as otherwise provided in Chapter 44, shall apply to all domestic incorporated insurance companies so far as the act is applicable or pertinent to and not in conflict with other provisions of the law relating to such companies. An assessment association that has accumulated and continues to maintain (1) reserves and (2) surplus or contingency funds at least equal to those required of a mutual insurance company shall, unless otherwise provided by law, be deemed to have all the powers and privileges in transacting its business and managing its affairs as those possessed by a mutual insurance company qualified to transact the same line or lines of insurance as the assessment association.Source   Laws 1913, c. 154, § 30, p. 412;   R.S.1913, § 3166;   Laws 1919, c. 190, tit. V, art. IV, § 1, p. 590;   C.S.1922, § 7766;   C.S.1929, § 44-301;   R.S.1943, § 44-301;   Laws 1955, c. 172, § 1, p. 488;   Laws 1989, LB 92, § 92;   Laws 1995, LB 109, § 220;  Laws 2014, LB749, § 286. Cross References  Nebraska Model Business Corporation Act, see section 21-201.
NE Code § 44-302 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-302 - Insurance law; companies and persons amenable.

44-302.  Insurance law; companies and persons amenable.All domestic insurance companies, and all insurance agents, solicitors, brokers, surveyors or adjusters doing business in this state, and all insurance business transacted in whole or in part within or outside this state, the subject and matter of which is located wholly or in part in this state, shall be subject to and be governed by this chapter, and the records of such insurance company, agent, solicitor, broker, surveyor or adjuster doing business in this state shall be subject to inspection and examination of the Department of Insurance.Source   Laws 1913, c. 154, § 35, p. 413;   R.S.1913, § 3171;   Laws 1919, c. 190, tit. V, art. IV, § 6, p. 591;   C.S.1922, § 7771;   C.S.1929, § 44-306;   R.S.1943, § 44-302.
NE Code § 44-303 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-303 - Insurance companies; certificate of authority; duration; promotion expenses; use of premiums prohibited.

44-303.  Insurance companies; certificate of authority; duration; promotion expenses; use of premiums prohibited.No insurance company shall transact any insurance business in this state unless it has received a certificate of authority from the Department of Insurance to do so. This certificate shall expire on the last day of April in each year and shall be renewed annually if the company has continued to comply with the laws of this state and the rules and regulations of the department. Authority to do an insurance business shall be refused any company which contracts to pay or does pay any part of the premiums arising from insurance it has written or may write as compensation, directly or indirectly, for promoting or organizing the company.Source   Laws 1913, c. 154, § 31, p. 412;   R.S.1913, § 3167;   Laws 1919, c. 190, tit. V, art. IV, § 2, p. 591;   C.S.1922, § 7767;   C.S.1929, § 44-302;   R.S.1943, § 44-303;   Laws 1957, c. 178, § 12, p. 617;   Laws 1965, c. 257, § 1, p. 724;   Laws 1989, LB 92, § 93.
NE Code § 44-304 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-304 - Insurance companies; authority to do business; conditions.

44-304.  Insurance companies; authority to do business; conditions.Every insurance company before transacting the business of insurance in this state shall file in the office of the Department of Insurance a legally authenticated copy of its charter, articles of incorporation or record of its organization, and bylaws as follows: (1) If a domestic company, a copy of its articles of incorporation together with any amendments made therein; and (2) if a foreign or alien company, a copy of its articles of incorporation or charter and bylaws, including all amendments made therein, with a certificate duly executed by the officer having the custody of such articles or charter, under his or her seal of office, that such company is duly authorized under the laws of such state or country to do business therein, and a certificate showing the amount of issued and outstanding capital stock and assets as required by section 44-305. Such company shall furnish such other information and copies of all other papers which the department may require.Source   Laws 1913, c. 154, § 37, p. 413;   R.S.1913, § 3173;   Laws 1919, c. 190, tit. V, art. IV, § 8, p. 592;   C.S.1922, § 7773;   C.S.1929, § 44-308;   R.S.1943, § 44-304;   Laws 1989, LB 92, § 94.
NE Code § 44-305 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-305 - Foreign or alien company; capital and surplus required.

44-305.  Foreign or alien company; capital and surplus required.No foreign or alien insurance company shall be permitted to transact any business of insurance in this state: (1) If a stock company, unless it possesses, in its own exclusive name and right, paid-up, unimpaired capital stock and surplus equal to the minimum amount required by section 44-214 to entitle any domestic stock insurance company to transact a like kind or kinds of business; and (2) if a mutual company, unless it owns, has, and possesses, in its own exclusive name and right, surplus unimpaired of the kind and equal to the minimum amount required by section 44-219 to entitle any domestic mutual insurance company to transact a like kind or kinds of business. No part of such minimum capital or surplus shall consist of the capital stock of its own or any other insurance company. No alien insurance company shall be authorized to transact any business of insurance in this state unless it shall have deposited with the insurance department of some one state in the United States not less than two hundred thousand dollars in approved securities for the benefit of all its policyholders in the United States.Source   Laws 1913, c. 154, § 38, p. 414;   R.S.1913, § 3174;   Laws 1919, c. 190, tit. V, art. IV, § 9, p. 593;   C.S.1922, § 7774;   C.S.1929, § 44-309;   R.S.1943, § 44-305;   Laws 1947, c. 161, § 1, p. 442;   Laws 1989, LB 92, § 95.
NE Code § 44-307 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-307 - Insurance companies; business authorized.

44-307.  Insurance companies; business authorized.No domestic insurance company shall transact any business other than that specified in its articles of incorporation or otherwise authorized by law, and no foreign or alien company admitted to transact business in this state shall transact any other kind of business than that which it has been authorized by the laws of the state or country of its incorporation to do.Source   Laws 1913, c. 154, § 48, p. 419;   R.S.1913, § 3184;   Laws 1919, c. 190, tit. V, art. IV, § 19, p. 598;   C.S.1922, § 7784;   C.S.1929, § 44-319;   R.S.1943, 44-307;   Laws 1969, c. 356, § 20, p. 1251.
NE Code § 44-308 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-308 - Assessment life associations; new associations prohibited.

44-308.  Assessment life associations; new associations prohibited.No life insurance company or association, other than fraternal benefit society, which issues contracts, the performance of which is contingent upon the payment of assessments or calls made upon its members, shall be hereafter organized to do business within this state. All such companies or associations as are now licensed to do business within the state on such plans may continue and carry on the business of insurance on the plan under which they are organized and doing business July 17, 1913, without being required to value their assessment policies or certificates of membership as yearly renewal term contracts.Source   Laws 1913, c. 154, § 150, p. 470;   R.S.1913, § 3287;   Laws 1919, c. 190, tit. V, art. XI, § 15, p. 652;   C.S.1922, § 7894;   C.S.1929, § 44-1115;   R.S.1943, § 44-308;   Laws 1987, LB 17, § 2.
NE Code § 44-309 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-309 - Pollutant exclusion; exception for bodily injury.

44-309.  Pollutant exclusion; exception for bodily injury.An exclusion in a homeowner's or owner's, landlord's, and tenant's policy of insurance for loss arising out of the discharge, dispersal, release, or escape of pollutants shall include an exception to the exclusion for bodily injury sustained within a building and caused by smoke, fumes, vapor, or soot produced by or originating from a heating system or ventilation system. This section applies to policies issued or delivered in this state on or after January 1, 2015.Source Laws 2014, LB876, § 1.
NE Code § 44-310 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-310 - Individual sickness and accident or medicare supplement policy; death of insured; refund of unearned premium.

44-310.  Individual sickness and accident or medicare supplement policy; death of insured; refund of unearned premium.In the event of the death of the insured of an individual sickness and accident or medicare supplement policy, the insurer, upon receipt of a request for a pro rata refund by a party legally entitled to claim such a refund, shall refund the unearned premium prorated to the month of the insured's death if the request has been made within one year after the insured's death. The refund of the premium and termination of the coverage shall be without prejudice to any claim originating prior to the date of the insured's death.Source Laws 2014, LB735, § 1.