reglab/housing_qa huggingface dataset:
NE Code § 44-201.01 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-201.01 - Certificate of authority; lines of insurance; director; duties.

44-201.01.  Certificate of authority; lines of insurance; director; duties.Any insurance company which is, on August 25, 1989, the holder of a valid certificate of authority issued by the Department of Insurance in effect immediately prior to such date may, on and after such date, subject to compliance with Chapter 44 and the rules and regulations of the department, continue to transact any insurance business in this state authorized by such certificate of authority and shall thereafter be eligible to have such certificate of authority renewed pursuant to Chapter 44. The Director of Insurance shall determine what line or lines of insurance as specified in section 44-201 each renewed certificate of authority shall include. Any certificate of authority valid on August 25, 1989, shall expire on April 30, 1990, as provided in section 44-303.Source  Laws 1989, LB 92, § 42.
NE Code § 44-202.01 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-202.01 - Insurance companies; licensed on August 25, 1989; continuance of authority.

44-202.01.  Insurance companies; licensed on August 25, 1989; continuance of authority.An insurer holding a valid certificate of authority to transact insurance in this state immediately prior to August 25, 1989, may continue to be authorized to transact the same lines of insurance permitted by such certificate of authority by maintaining thereafter the same amount of paid-in capital stock, if a stock insurer, or the same amount of surplus, if a mutual insurer, as required by the laws of this state for such authority immediately prior to such date, except that if such insurer, on or after such date, is determined by the director to be maintaining an amount which complies with the requirements as to capital and surplus as provided in sections 44-214, 44-219, and 44-243, then such insurer shall continue to comply with such requirements. On and after such date the insurer shall not be granted authority to transact any other or additional line of insurance unless it then fully complies with the requirements as to capital and surplus as provided by sections 44-214, 44-219, and 44-243 with respect to insurers applying for original certificates of authority.Source   Laws 1965, c. 253, § 6, p. 719;   Laws 1967, c. 262, § 2, p. 703;   Laws 1989, LB 92, § 44.
NE Code § 44-203 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-203 - Insurance companies; lines of insurance; authorized.

44-203.  Insurance companies; lines of insurance; authorized.Except as provided in section 44-1984, a company may be formed or an existing company may be authorized to transact any one or more of the lines of insurance specified in section 44-201.Source   Laws 1913, c. 154, § 80, p. 428;   R.S.1913, § 3217;   Laws 1919, c. 190, tit. V, art. V, § 3, p. 608;   C.S.1922, § 7816;   Laws 1925, c. 124, § 3, p. 329;   C.S.1929, § 44-403;   R.S.1943, § 44-203;   Laws 1951, c. 136, § 2, p. 560;   Laws 1971, LB 767, § 2;   Laws 1973, LB 181, § 1;   Laws 1989, LB 92, § 45;   Laws 1991, LB 235, § 3;   Laws 1997, LB 53, § 47.
NE Code § 44-205 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-205 - Insurance companies; formation; articles of incorporation; filing.

44-205.  Insurance companies; formation; articles of incorporation; filing.Five or more natural persons may act as incorporators of an insurance corporation. The articles of incorporation shall be signed by each incorporator and delivered to the Department of Insurance for approval or disapproval, and if approved and found by it to be in accordance with the laws of this state, the department shall so certify. When such articles are thus approved, they shall be filed in the office of the Secretary of State and a duplicate copy bearing the date of filing in the office of the Secretary of State shall be filed in the office of the department. Upon the filing and recording of the articles of incorporation in the office of the Secretary of State as provided in this section corporate existence shall commence.Source   Laws 1913, c. 154, § 81, p. 429;   R.S.1913, § 3218;   Laws 1919, c. 190, tit. V, art. V, § 4, p. 609;   Laws 1921, c. 305, § 1, p. 963;   C.S.1922, § 7817;   C.S.1929, § 44-404;   R.S.1943, § 44-205;   Laws 1989, LB 92, § 46;   Laws 1997, LB 52, § 1.
NE Code § 44-205.01 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-205.01 - Articles of incorporation; contents.

44-205.01.  Articles of incorporation; contents.(1) The articles of incorporation filed pursuant to section 44-205 shall state (a) the corporate name, which shall not so nearly resemble the name of an existing corporation as, in the opinion of the Director of Insurance, will mislead the public or cause confusion, (b) the place in Nebraska where the registered office and principal office will be located, (c) the purposes, which shall be restricted to the kind or kinds of insurance to be undertaken, such other kinds of business which it shall be empowered to undertake, and the powers necessary and incidental to carrying out such purposes, and (d) such other particulars as are required by the Nebraska Model Business Corporation Act and Chapter 44.(2) The articles of incorporation may state such other particulars as are permitted by the Nebraska Model Business Corporation Act and Chapter 44, including provisions relating to the management of the business and regulation of the affairs of the corporation and defining, limiting, and regulating the powers of the corporation, its board of directors, and the shareholders of a stock corporation or the members of a mutual or assessment corporation.Source   Laws 1957, c. 178, § 1, p. 611;   Laws 1972, LB 1336, § 2;   Laws 1989, LB 92, § 47;   Laws 1995, LB 109, § 215;  Laws 2014, LB749, § 280. Cross References  Nebraska Model Business Corporation Act, see section 21-201.
NE Code § 44-206 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-206 - Insurance companies; formation; notice; publication.

44-206.  Insurance companies; formation; notice; publication.Within the earlier of thirty days after receiving the certificate of authority to transact business or four months after filing its articles of incorporation, such corporation shall publish a notice in some legal newspaper, which notice shall contain the same information, as far as practicable, as that required under the Nebraska Model Business Corporation Act.Source   Laws 1913, c. 154, § 81, p. 429;   R.S.1913, § 3218;   Laws 1919, c. 190, tit. V, art. V, § 4, p. 609;   Laws 1921, c. 305, § 1, p. 963;   C.S.1922, § 7817;   C.S.1929, § 44-404;   R.S.1943, § 44-206;   Laws 1989, LB 92, § 48;   Laws 1995, LB 109, § 216;  Laws 2014, LB749, § 281. Cross References  Nebraska Model Business Corporation Act, see section 21-201.
NE Code § 44-207 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-207 - Insurance companies; formation; executive officers; qualifications.

44-207.  Insurance companies; formation; executive officers; qualifications.Insurance companies hereafter organizing under the laws of this state are required to have as their executive officers persons who are known to be capable of running the affairs of an insurance company. The requirements shall consist of good character and known business ability, the latter requirement including a practical knowledge of the executive duties of conducting an insurance business.Source   Laws 1921, c. 305, § 1, p. 963;   C.S.1922, § 7817;   C.S.1929, § 44-404;   R.S.1943, § 44-207.
NE Code § 44-208 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-208 - Insurance companies; stock distribution and sale; compensation; limitation; statement.

44-208.  Insurance companies; stock distribution and sale; compensation; limitation; statement.No domestic insurance company shall issue, cause, or allow to be issued any stock or stock subscriptions at any time upon which all expenses of distribution and sale, including promotion, commissions, and underwriting fees, exceed ten percent of the amount paid in money upon such stock or stock subscriptions. All persons incorporating a stock insurance company shall sign a statement before a notary public stating that no one person or group of persons shall receive directly or indirectly any money or securities whatsoever for promoting and organizing any such company in excess of that amount provided for in the insurance laws of this state pertaining to the promotion and organization of insurance companies, and such statement shall be filed in the office of the Department of Insurance.Source   Laws 1921, c. 305, § 1, p. 963;   C.S.1922, § 7817;   C.S.1929, § 44-404;   R.S.1943, § 44-208;   Laws 1989, LB 92, § 49.
NE Code § 44-208.01 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-208.01 - Insurance companies; organization; filings required.

44-208.01.  Insurance companies; organization; filings required.(1) In addition to the statement required by section 44-208 of persons incorporating stock companies, the incorporators of all domestic stock, mutual, and assessment insurers shall file with the Department of Insurance (a) copies of the proposed bylaws, (b) forms of subscriptions for capital stock or forms of application for membership or for insurance, and (c) a bond payable to the Director of Insurance and his or her successors, as trustees, in the penal sum to be determined by the Director of Insurance and in no event to be less than ten thousand dollars, with corporate surety, and conditioned upon the faithful accounting to the corporation on completion of its organization and the receipt of its certificate of authority from the Department of Insurance, to the shareholders, applicants for membership or for policies, or creditors, or to the trustee, receiver, or assignee of the corporation, duly appointed in any court of competent jurisdiction in this state, in accordance with their respective rights in the event the organization of the corporation is not completed and a certificate of authority to do business is not procured.(2) In addition to the requirements of subsection (1) of this section, the incorporators of stock insurers shall file an application to solicit subscriptions for stock which shall include (a) the correct names and addresses of the incorporators and promoters, (b) a detailed statement of the plan upon which the corporation will operate, (c) the names, the addresses, and a brief description of the business experience of the proposed executive officers, including supervisory and administrative personnel, (d) the par value of the stock, (e) the subscription price of the stock, (f) the amount to be expended for organization and promotion expenses, expressed in a percentage of the subscription price of the stock, (g) the proposed plan of soliciting subscriptions for stock, (h) the place and manner in which the proceeds from full and partial subscriptions for stock will be held pending the corporation's organization, (i) an outline of the manner in which the corporation proposes to maintain its books and records, including the records pertaining to the solicitation of subscriptions for stock, (j) duplicate copies of all advertising matter which is to be used in connection with the sale of stock, (k) duplicate copies of all contracts to be entered into with persons employed to solicit subscriptions, and (l) such other information as may be required by the Department of Insurance.Source   Laws 1957, c. 178, § 2, p. 612;   Laws 1989, LB 92, § 50.
NE Code § 44-208.02 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-208.02 - Insurance companies; organization; subscriptions to stock; permit.

44-208.02.  Insurance companies; organization; subscriptions to stock; permit.If the Director of Insurance approves the forms of subscriptions for capital stock or the forms of application for membership or for insurance, the corporate surety on the bond required by section 44-208.01, and, in the case of stock insurers, the application to solicit subscriptions for stock, he or she shall deliver to the promoter or incorporators a permit in the name of the corporation authorizing it to complete its organization. Upon receiving such permit, the corporation shall have authority to solicit subscriptions and payments for capital stock if a stock insurer and applications and premiums or advance assessments for insurance if other than a stock insurer and to exercise such powers, subject to the limitations imposed by the Nebraska Model Business Corporation Act and Chapter 44, as may be necessary and proper in completing its organization and qualifying for a license to transact the kind or kinds of insurance proposed in its articles of incorporation. No corporation shall issue policies or enter into contracts of insurance until it receives a certificate of authority permitting it to do so.Source   Laws 1957, c. 178, § 3, p. 613;   Laws 1989, LB 92, § 51;   Laws 1995, LB 109, § 217;  Laws 2014, LB749, § 282. Cross References  Nebraska Model Business Corporation Act, see section 21-201.
NE Code § 44-208.03 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-208.03 - Insurance companies; organization; solicitors; written contract required; filing.

44-208.03.  Insurance companies; organization; solicitors; written contract required; filing.No person shall solicit subscriptions for the capital stock of, or applications for membership or for insurance in any corporation in the process of organization, unless he has entered into a written contract with the corporation and a certificate of his authority, signed by at least three incorporators, has been filed with the Department of Insurance.Source  Laws 1957, c. 178, § 4, p. 613.
NE Code § 44-208.04 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-208.04 - Insurance companies; organization; promotion expense; subscription, required stipulations.

44-208.04.  Insurance companies; organization; promotion expense; subscription, required stipulations.Every subscription to the capital stock of a corporation in the process of organization shall contain a stipulation that no sum shall be used for promotion or organization expense in excess of a stated percent of the amount paid upon the subscription. Such sum shall in no event exceed the percentage permitted by law. All sums paid by subscribers shall be held or invested in the manner described in the corporation's application for approval to solicit subscriptions required by section 44-208.01, and no sums may be disbursed by the corporation except for commissions or other promotion or organization expenses until the corporation has procured a certificate of authority from the Department of Insurance. Every subscription for stock, and every application for membership or for insurance made prior to the date the corporation is authorized to write insurance, shall contain a stipulation that the consideration paid by the subscriber or applicant shall be returned to him without any deduction except for organization and promotion expenses actually incurred, in no event to exceed the maximum permitted by law, in case the corporation fails to complete its organization and procure its certificate of authority, or issue the policy applied for.Source  Laws 1957, c. 178, § 5, p. 613.
NE Code § 44-208.05 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-208.05 - Insurance companies; organization; failure to complete; proceedings authorized.

44-208.05.  Insurance companies; organization; failure to complete; proceedings authorized.(1) If a corporation does not qualify for a certificate of authority within one year from the date it receives its permit to complete its organization or if an agent of the corporation employed to solicit subscriptions or applications has violated the insurance laws of the state, the Director of Insurance may revoke such permit and order the assets of the corporation to be distributed to the persons or legal entities entitled thereto or proceed against the corporation as an insolvent insurance company in the manner authorized and directed by the Nebraska Insurers Supervision, Rehabilitation, and Liquidation Act.(2) If any corporation does not qualify to receive its certificate of authority within two years from the date it receives its permit to complete organization, the Director of Insurance shall order the assets of the corporation to be distributed to the persons or legal entities entitled thereto or proceed against the corporation as an insolvent insurance company in the manner authorized and directed by the act.Source   Laws 1957, c. 178, § 6, p. 614;   Laws 1989, LB 92, § 52;   Laws 1989, LB 319, § 67.  Cross References  Nebraska Insurers Supervision, Rehabilitation, and Liquidation Act, see section 44-4862.
NE Code § 44-208.06 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-208.06 - Insurance companies; shares of stock; sale in excess of subscription price, limitation.

44-208.06.  Insurance companies; shares of stock; sale in excess of subscription price, limitation.Until a certificate of authority is issued to a corporation to transact business on the stock plan and for three years thereafter, no shares of stock shall be issued by the corporation or sold or transferred by the promoters, incorporators, or other persons engaged in soliciting subscriptions or in organizing or promoting the corporation, without approval of the Department of Insurance, for an amount in excess of the original subscription price as stated in the application required by section 44-208.01. Except to the extent provided in this section, sales and transfers of shares of stock by the record owner or owners shall not be subject to sections 44-208.01 to 44-208.08.Source   Laws 1957, c. 178, § 7, p. 615;   Laws 1989, LB 92, § 53.
NE Code § 44-208.07 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-208.07 - Insurance companies; organization; rules and regulations.

44-208.07.  Insurance companies; organization; rules and regulations.The Director of Insurance shall have authority to adopt and promulgate rules and regulations to regulate all other matters in connection with the organization of domestic insurers for the purpose of protecting the public or preventing fraud.Source   Laws 1957, c. 178, § 8, p. 615;   Laws 1989, LB 92, § 54.
NE Code § 44-208.08 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-208.08 - Insurance companies; organization; violation of law; personal liability of solicitors.

44-208.08.  Insurance companies; organization; violation of law; personal liability of solicitors.Any person, firm, association, partnership, limited liability company, or corporation which solicits any subscriptions for stock or any application for membership or for a policy or sells any surplus note for any insurer in process of organization in violation of law shall be personally liable to any person from whom he or she may have solicited such subscription for stock or application or to whom he or she may have sold such surplus note in an amount equal to that paid by the purchaser or applicant. Suit to recover the same may be brought by such purchasers or applicants, jointly or severally, in any court of competent jurisdiction in this state.Source   Laws 1957, c. 178, § 9, p. 615;   Laws 1989, LB 92, § 55;   Laws 1993, LB 121, § 219.
NE Code § 44-210 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-210 - Annual meeting; special meeting; voting rights; proxies; preferred stock; limitation on right to vote; quorum requirements; when.

44-210.  Annual meeting; special meeting; voting rights; proxies; preferred stock; limitation on right to vote; quorum requirements; when.Every domestic stock and mutual company and assessment association shall hold an annual meeting of its shareholders, if a stock company, or of its members, if a mutual company or an assessment association, on or before the 30th day of June in each and every calendar year, for the purpose of receiving the report of its officers and directors, to elect directors whose terms expire, and to transact such other business as may be lawful for it to do. Special meetings of the shareholders or members may be held as may be provided in the articles of incorporation or the bylaws and as otherwise provided by law. Each outstanding share of stock in a stock company and each member in a mutual company or assessment association shall be entitled to one vote on each matter submitted to a vote at an annual or special meeting of the shareholders or members, except as otherwise provided by law and except that any such stock company in its articles of incorporation may provide that the holders of preferred shares of stock shall have no right to vote and, in such event, such shares of stock shall not be entitled to vote. A shareholder or member may vote either in person or by proxy executed in writing by the shareholder or member or by his or her duly authorized attorney in fact appointing any director, officer, shareholder, or member for such purpose. In the case of a mutual company or an assessment association, such proxy may be incorporated into a member's application for insurance or policy. All such proxies shall be filed or on file with the stock or mutual company or assessment association at least five days prior to the day of the meeting, and they shall expire eleven months from their effective date, unless otherwise provided in such proxy, application, or policy. Nothing in this section shall be construed to prohibit or limit the right of a shareholder or member to vote in person or otherwise revoke any such proxy at any time prior to any exercise thereof. In the case of a mutual company or an assessment association, there shall be no quorum requirements for any meeting of members except as set forth in the articles of incorporation or the bylaws of such mutual company or assessment association.Source   Laws 1913, c. 154, § 63, p. 422;   R.S.1913, § 3199;   Laws 1919, c. 190, tit. V, art. IV, § 33, p. 602;   C.S.1922, § 7798;   C.S.1929, § 44-333;   R.S.1943, § 44-210;   Laws 1963, c. 265, § 1, p. 794;   Laws 1965, c. 254, § 1, p. 720;   Laws 1989, LB 92, § 56;   Laws 1994, LB 1222, § 47.
NE Code § 44-211 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-211 - Incorporators; manage business until first meeting of shareholders; board of directors; election; number; qualifications; powers.

44-211.  Incorporators; manage business until first meeting of shareholders; board of directors; election; number; qualifications; powers.The business and affairs of an insurance corporation shall be managed by the incorporators until the first meeting of shareholders or members and then and thereafter by a board of directors elected by the shareholders or members and as otherwise provided by law. The board of directors shall consist of not less than five persons, and one of them shall be a resident of the State of Nebraska. At least one-fifth of the directors of an insurance company, which is not subject to section 44-2135, shall be persons who are not officers or employees of such company. A person convicted of a felony may not be a director, and all directors shall be of good moral character and known professional, administrative, or business ability, such business ability to include a practical knowledge of insurance, finance, or investment. No person shall hold the office of director unless he or she is a policyholder, if the company is a mutual company or assessment association. Unless otherwise provided in the articles of incorporation, the board of directors shall make all bylaws. A director shall discharge his or her duties as a director in accordance with section 21-2,102.Source   Laws 1913, c. 154, § 82, p. 429;   R.S.1913, § 3219;   Laws 1919, c. 190, tit. V, art. V, § 5, p. 609;   C.S.1922, § 7818;   C.S.1929, § 44-405;   R.S.1943, § 44-211;   Laws 1953, c. 145, § 1, p. 469;   Laws 1959, c. 195, § 1, p. 702;   Laws 1961, c. 212, § 1, p. 630;   Laws 1965, c. 255, § 1, p. 722;   Laws 1967, c. 263, § 1, p. 706;   Laws 1989, LB 92, § 57;   Laws 1991, LB 236, § 35;  Laws 1999, LB 259, § 2;  Laws 2007, LB191, § 2;  Laws 2014, LB749, § 283.