reglab/housing_qa huggingface dataset:
NE Code § 44-5125 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5125 - Canadian Government and government-guaranteed obligations.

44-5125.  Canadian Government and government-guaranteed obligations.An insurer may invest in direct obligations of the government of Canada or obligations for which the full faith and credit of the government of Canada is pledged for the payment of all principal and interest.Source  Laws 1991, LB 237, § 25.
NE Code § 44-5126 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5126 - Canadian agency and instrumentality obligations.

44-5126.  Canadian agency and instrumentality obligations.An insurer may invest in direct obligations of any agency or instrumentality of the government of Canada or obligations for which the full faith and credit of any agency or instrumentality of the government of Canada is pledged for the payment of all principal and interest.Source  Laws 1991, LB 237, § 26.
NE Code § 44-5127 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5127 - Canadian provincial and municipal obligations.

44-5127.  Canadian provincial and municipal obligations.An insurer may invest in direct obligations of any province or municipality of Canada or obligations for which the full faith and credit of any province or municipality of Canada is pledged for the payment of all principal and interest. Any investment authorized under this section shall have a minimum quality rating as described in subdivision (2) of section 44-5112.Source   Laws 1991, LB 237, § 27;   Laws 1997, LB 273, § 12.
NE Code § 44-5128 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5128 - Other governmental and related obligations.

44-5128.  Other governmental and related obligations.An insurer may invest in obligations issued, assumed, or guaranteed by the United States, an agency or instrumentality of the United States, a state, a municipality, a political subdivision, the government of Canada, an agency or instrumentality of the government of Canada, any province or municipality of Canada, or any municipal utility, corporate authority, nonprofit corporation, or institution authorized or established by an act of Congress or by the laws of any state, Canada, or any province of Canada if, by statutory or other legal requirements applicable to those obligations, they are payable as to both principal and interest:(1) From taxes levied or required to be levied upon all taxable property or all taxable income within the jurisdiction of the borrowing entity;(2) From adequate special revenue pledged or otherwise appropriated or required by law to be provided for the purpose of the payment, excluding any obligation payable solely out of special assessments on properties benefited by local improvements;(3) From and secured by a pledge of rentals from leases or subleases on property owned or leased by the obligor if:(a) Such underlying lease has an unexpired term of not less than the term of the lease or sublease whose rentals are pledged by the issuer; and(b) The fixed rentals reserved under such lease or sublease will be sufficient to pay all of the expenses of the lessor in connection with the lease or sublease and the operation of the property and to pay principal and interest so as to retire the bonds during the fixed term of such lease or sublease or, if such fixed rentals are not sufficient, a governmental subdivision agrees to pay such required amounts;(4) From revenue specifically pledged therefor of a public service operated by the borrowing entity if the entity is legally authorized and does obligate itself that rates of service will be fixed, maintained, and collected so as to produce revenue or earnings sufficient to pay all operating and maintenance charges and all principal and interest of such obligations in accordance with their terms; or(5) From revenue specifically pledged therefor from excise taxes levied.Any investment authorized under this section shall have a minimum quality rating as described in subdivision (2) of section 44-5112.Source   Laws 1991, LB 237, § 28;   Laws 1997, LB 273, § 13.
NE Code § 44-5129 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5129 - Business entity obligations.

44-5129.  Business entity obligations.An insurer may invest in obligations of a business entity created or existing under the laws of the United States or Canada or any state or province thereof. Any investment authorized under this section shall have a minimum quality rating as described in subdivision (2) of section 44-5112.Source   Laws 1991, LB 237, § 29;   Laws 1997, LB 273, § 14.
NE Code § 44-5131 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5131 - International development bank obligations.

44-5131.  International development bank obligations.An insurer may invest in obligations of an international development bank of which the United States is a member. Any investment authorized under this section shall have a minimum quality rating as described in subdivision (1) of section 44-5112. An insurer's investments authorized under this section shall not exceed twenty percent of its admitted assets.Source   Laws 1991, LB 237, § 31;   Laws 1997, LB 273, § 15.
NE Code § 44-5132 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5132 - Bankruptcy-remote business entity securities.

44-5132.  Bankruptcy-remote business entity securities.(1) An insurer may invest in a security or other instrument, excluding a mutual fund, evidencing an interest in or the right to receive payments from, or payable from distributions on, an asset, a pool of assets, or specifically divisible cash flows which are legally transferred to a special purpose bankruptcy-remote business entity created or existing under the laws of the United States or Canada or any state or province thereof, on the following conditions:(a) The business entity is established solely for the purpose of acquiring specific types of assets or rights to cash flows, issuing securities and other instruments representing an interest in or right to receive cash flows from those assets or rights, and engaging in activities required to service the assets or rights and any credit enhancement or support features held by the business entity; and(b) The assets of the business entity consist solely of interest-bearing obligations or other contractual obligations representing the right to receive payment from the cash flows from the assets or rights. However, the existence of credit enhancements, such as letters of credit or guarantees, or other support features, shall not cause a security or other instrument to be an unauthorized investment under this section.(2) Investments in interest-only securities or other instruments shall not be authorized under this section.(3) Any investment authorized under this section shall have a minimum quality rating as described in subdivision (2) of section 44-5112.Source   Laws 1991, LB 237, § 32;   Laws 1997, LB 273, § 16.
NE Code § 44-5134 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5134 - Collateral loans.

44-5134.  Collateral loans.(1) An insurer may, in addition to any investment authorized under section 44-5132, invest in obligations secured by pledged securities if:(a) The market value of such pledged securities or the fair value if the securities have no recognized market value will at all times of holding the investment be equal to at least one hundred ten percent of the investment in the notes or other evidence of indebtedness; and(b) The pledged securities are of the kind authorized for investment under the Insurers Investment Act.(2) For purposes of this section, pledged securities shall mean notes, mortgages, bonds, debentures, and preferred or common stock. Pledged securities shall not be valued at an amount greater than the value at which they could be shown on the insurer's financial statements filed with the director pursuant to section 44-322 if owned directly by the insurer.(3) An insurer's investments authorized under this section shall not exceed twenty percent of its admitted assets.Source   Laws 1991, LB 237, § 34;   Laws 1997, LB 273, § 17.
NE Code § 44-5135 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5135 - Leased property.

44-5135.  Leased property.An insurer may invest in obligations secured by an assignment of a lease to or for the benefit of the insurer and the rents payable under the lease if:(1) The lessee or ultimate guarantor of any lease securing the obligation is an entity the obligations of which are authorized for investment under sections 44-5123 to 44-5131;(2) The rentals assigned are sufficient to repay not less than ninety percent of the obligation within the unexpired term of the lease excluding any term that may be provided by an enforceable option of renewal; and(3) A first lien on the lessor's interest in the unencumbered leased property is obtained as additional security for the obligation for which the rentals described in subdivision (2) of this section are not sufficient to repay the obligation.Source  Laws 1991, LB 237, § 35.
NE Code § 44-5138 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5138 - Short-term investments.

44-5138.  Short-term investments.(1) An insurer may invest in:(a) Bank certificates of deposit, banker's acceptances, or corporate promissory notes with a remaining term of no more than one year; and(b) Shares, interests, or participation certificates in any management type of investment trust, corporate or otherwise, registered under the Investment Company Act of 1940, as amended, as a diversified open-end investment company, that invests solely in such investments as described in subdivision (1)(a) of this section.(2) Any investment in corporate promissory notes authorized under subdivision (1)(a) of this section shall have a 1 or 2 designation from the Securities Valuation Office. If the Securities Valuation Office does not rate the investment in question but does rate an obligation of the obligor having a priority equal to or lower than the investment in question, the insurer may apply such rating to the investment. If the Securities Valuation Office does not rate the investment in question or an outstanding obligation of the obligor having a priority equal to or lower than the investment in question, the investment shall have a minimum short-term quality rating of P-2 by Moody's Investors Service, Inc., A-2 by Standard and Poor's Corporation, or the corresponding investment grade rating from any nationally recognized statistical rating organization recognized by the Securities Valuation Office. If the obligor of an investment is authorized by, established by, or incorporated under the laws of Canada or any province thereof and the Securities Valuation Office does not rate the investment in question, the minimum quality rating shall be R-2 by the Dominion Bond Rating Service, A-1 by the Canadian Bond Rating Service, or the corresponding rating of any successor organization approved by the director.Source   Laws 1991, LB 237, § 38;   Laws 1997, LB 273, § 19;  Laws 2003, LB 216, § 16.
NE Code § 44-5139 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5139 - Investment trusts and investment companies.

44-5139.  Investment trusts and investment companies.(1) An insurer may invest in shares of a fund registered under the Investment Company Act of 1940, as amended, as a diversified open-end investment company and in shares, interests, or participation certificates in any management type of investment trust, corporate or otherwise, subject to the following restrictions:(a) The investment restrictions and policies relating to the investment of the assets of the trust and its activities shall be limited to the same kinds, classes, and investment grades as those authorized for investment under the Insurers Investment Act; and(b) The assets of such investment trust shall not be less than twenty million dollars at the date of purchase.An insurer's investments authorized under this subsection shall not exceed ten percent of its admitted assets. Shares, interests, or participation certificates in trusts described in this subsection shall also be subject to the overall limitation of subsection (3) of section 44-5141.(2) An insurer may invest in the shares of a fund registered under the Investment Company Act of 1940, as amended, as a diversified open-end investment company when the investment restrictions and policies relating to the investment of the assets of the fund and its activities are limited solely to (a) obligations, (b) commitments to purchase obligations, or (c) assignments of interest in obligations issued or guaranteed by the United States or its agencies or instrumentalities. An insurer's investments authorized under this subsection shall not exceed twenty-five percent of its admitted assets.Source  Laws 1991, LB 237, § 39.
NE Code § 44-5140 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5140 - Preferred stock.

44-5140.  Preferred stock.(1) An insurer may invest in the preferred stock of any corporation which:(a) Has retained earnings of not less than one million dollars;(b) Has earned and paid regular dividends at the regular prescribed rate each year upon its preferred stock, if any is or has been outstanding, for not less than five years immediately preceding the purchase of such preferred stock or during such part of such five-year period as it has had preferred stock outstanding; and(c) Has had no material defaults in principal payments of or interest on any obligations of such corporation and its subsidiaries having a priority equal to or higher than those purchased during the period of five years immediately preceding the date of acquisition or, if outstanding for less than five years, at any time since such obligations were issued.The earnings of and the regular dividends paid by all predecessor, merged, consolidated, or purchased corporations may be included through the use of consolidated or pro forma statements.(2) Except as authorized under the Insurance Holding Company System Act, an insurer shall not own more than five percent of the total issued shares of stock of any corporation other than an insurer.(3) A life insurer's investments authorized under this section shall not exceed the greater of twenty-five percent of its admitted assets or one hundred percent of its policyholders surplus, nor shall a life insurer's investments authorized under this section that are not rated P-1 or P-2 by the Securities Valuation Office exceed ten percent of its admitted assets.Source   Laws 1991, LB 237, § 40;  Laws 2007, LB117, § 17. Cross References  Insurance Holding Company System Act, see section 44-2120.
NE Code § 44-5141 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5141 - Common stock; equity interests.

44-5141.  Common stock; equity interests.(1) An insurer may invest in the common stock or rights to purchase or sell common stock of any corporation which has retained earnings of not less than one million dollars, except that an investment may be made in any corporation having a majority of its operations in this state which has retained earnings of not less than two hundred fifty thousand dollars. The earnings of all predecessor, merged, consolidated, or purchased corporations shall be included through the use of consolidated or pro forma statements.(2)(a) An insurer may invest in equity interests or rights to purchase or sell equity interests in business entities other than general partnerships.(b)(i) A life insurer's investments authorized under this subsection shall not exceed fifty percent of its policyholders surplus.(ii) A life insurer shall not invest under this subsection in any investment which the life insurer may invest in under section 44-5140 or 44-5144 or subsection (1) of this section.(3) Except as authorized under the Insurance Holding Company System Act, an insurer shall not invest in more than ten percent of the total equity interests in any business entity other than an insurer.(4) A life insurer's investments authorized under this section shall not exceed one hundred percent of its policyholders surplus.Source   Laws 1991, LB 237, § 41;   Laws 1997, LB 273, § 20;  Laws 2007, LB117, § 18. Cross References  Insurance Holding Company System Act, see section 44-2120.
NE Code § 44-5142 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5142 - Insurance company stock.

44-5142.  Insurance company stock.(1) Stock insurers which maintain capital stock required by section 44-214 and nonstock insurers which maintain surplus required by section 44-219 may invest in the common and preferred stock of other insurers.(2) An insurer's investments authorized under this section shall not exceed the lesser of (a) the amount by which such insurer's admitted assets exceed its required capital and liabilities if a stock insurer or its required surplus and liabilities if a nonstock insurer or (b) fifty percent of its policyholders surplus.(3) In calculating the admitted assets of the insurer acquiring the stock of another insurer pursuant to this section, the value of any investment in such common or preferred stock shall be the cost of such stock to the acquiring insurer.Source  Laws 1991, LB 237, § 42.
NE Code § 44-5145 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5145 - Equipment.

44-5145.  Equipment.An insurer may invest in equipment or interests in equipment wholly situated or maintained in the United States and Canada which are mortgaged or otherwise encumbered by the insurer as security for a nonrecourse debt and which are leased under a lease contract if:(1) The annual lease payments to the lessor are sufficient to repay the full cost of the financing thereof within the unexpired term of the lease; and(2) The lessee or ultimate guarantor of any lease securing the obligation is an entity the obligations of which are authorized investments under sections 44-5123 to 44-5131.An insurer's investments authorized under this section shall not exceed five percent of its admitted assets.Source  Laws 1991, LB 237, § 45.
NE Code § 44-5151 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5151 - Other investment grade obligations.

44-5151.  Other investment grade obligations.(1) An insurer may hold investments not otherwise authorized under the Insurers Investment Act if such investments:(a) Have minimum quality ratings as described in subdivision (2) of section 44-5112; and(b) In the aggregate do not exceed one hundred percent of the insurer's policyholders surplus.(2) Investments authorized under any other section of the Insurers Investment Act, except section 44-5153, shall not be authorized investments under this section.Source   Laws 1991, LB 237, § 51;   Laws 1997, LB 273, § 23.
NE Code § 44-5152 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5152 - Securities Valuation Office; designated obligations; limitation.

44-5152.  Securities Valuation Office; designated obligations; limitation.(1) In addition to investments otherwise authorized under the Insurers Investment Act and subject to the limitations in subsections (2) and (3) of this section, an insurer may invest in obligations having 3, 4, 5, and 6 designations from the Securities Valuation Office.(2) Subject to the limitation in subsection (3) of this section, an insurer shall not acquire, directly or indirectly through an investment subsidiary, investments in obligations:(a) Having a 4 designation from the Securities Valuation Office if, as a result of and giving effect to the investment, the aggregate amount of such investments would exceed four percent of the insurer's admitted assets;(b) Having a 5 designation from the Securities Valuation Office if, as a result of and giving effect to the investment, the aggregate amount of such investments would exceed two percent of the insurer's admitted assets; and(c) Having a 6 designation from the Securities Valuation Office if, as a result of and giving effect to the investment, the aggregate amount of such investments would exceed one percent of the insurer's admitted assets.(3) An insurer shall not acquire, directly or indirectly through an investment subsidiary, investments under this section if, as a result of and giving effect to the investment, the aggregate amount would exceed fifteen percent of the insurer's admitted assets.Source   Laws 1991, LB 237, § 52;   Laws 1997, LB 273, § 24;  Laws 2007, LB117, § 19.
NE Code § 44-5153 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5153 - Additional authorized investments.

44-5153.  Additional authorized investments.(1)(a)(i) A life insurer may make investments not otherwise authorized under the Insurers Investment Act in an amount, in the aggregate, not exceeding the lesser of five percent of its admitted assets or one hundred percent of its policyholders surplus.(ii) An insurer other than a life insurer may make investments not otherwise authorized under the act in an amount, in the aggregate, not exceeding the lesser of twenty-five percent of the amount by which its admitted assets exceed its total liabilities, excluding capital, or five percent of its admitted assets.(b) Investments authorized under this subsection shall not include obligations having 3, 4, 5, and 6 designations from the Securities Valuation Office.(2)(a) In addition to the provisions of subdivision (1)(a)(i) of this section, a life insurer may make investments not otherwise authorized under the act in an amount not exceeding that portion of its policyholders surplus which is in excess of ten percent of its admitted assets.(b) In addition to the provisions of subdivisions (1)(a)(ii) and (b) of this section, an insurer other than a life insurer may make investments not otherwise authorized under the act in an amount not exceeding that portion of its policyholders surplus which is in excess of fifty percent of its annual net written premiums as shown by the most recent annual financial statement filed by the insurer pursuant to section 44-322.(3) Investments authorized under subsection (1) or (2) of this section shall not include insurance agents' balances or amounts advanced to or owing by insurance agents.(4) The limitations set forth in this section shall be applied at the time the investment in question is made and at the end of each calendar quarter. An insurer's investment, which at the time of its acquisition was authorized only under the provisions of this section but which has subsequently and while held by such insurer become of such character as to be authorized elsewhere under the act, shall not be included in determining the amount of such insurer's investments, in the aggregate, authorized under this section, and investments otherwise authorized under the act at the time of their acquisition shall not be included in making such determination.(5) Derivative instruments described in subsections (1), (2), and (3) of section 44-5149 shall not be authorized investments under this section.Source   Laws 1991, LB 237, § 53;   Laws 1997, LB 273, § 25;  Laws 2005, LB 119, § 18;  Laws 2007, LB117, § 20.
NE Code § 44-5154 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5154 - Rules and regulations.

44-5154.  Rules and regulations.The director may adopt and promulgate rules and regulations to carry out the Insurers Investment Act, including, but not limited to, establishing standards for qualification as custodians for insurer investments and establishing requirements for custody agreements.Source   Laws 1991, LB 237, § 54;  Laws 2005, LB 119, § 19.
NE Code § 44-5223 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-5223 - Act, how cited.

44-5223.  Act, how cited.Sections 44-5223 to 44-5267 shall be known and may be cited as the Small Employer Health Insurance Availability Act.Source   Laws 1994, LB 1222, § 1;   Laws 1997, LB 862, § 30;  Laws 2000, LB 1253, § 33;  Laws 2002, LB 1139, § 29;  Laws 2009, LB192, § 5.