reglab/housing_qa huggingface dataset:
NE Code § 44-2215 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2215 - Statement to holder of variable annuity contracts; contents.

44-2215.  Statement to holder of variable annuity contracts; contents.A company shall mail to the holder of its variable annuity contracts at least once in each year after the first, at his last-known address, a statement reporting:(1) The number of units credited to such contract and the dollar value of a unit as of a date not more than two months previous to the date of mailing; and(2) The investments held in the variable annuity account.Such statement shall be mailed not more than two months prior to the annual meeting electing the governing board of the separate account when an election of a governing board of a separate account is required.Source  Laws 1969, c. 358, § 15, p. 1265.
NE Code § 44-2216 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2216 - Agents; license required.

44-2216.  Agents; license required.All individuals selling individual variable annuities must be licensed to write variable contracts in this state under the Insurance Producers Licensing Act.Source   Laws 1969, c. 358, § 16, p. 1265;   Laws 1995, LB 162, § 5.  Cross References  Insurance Producers Licensing Act, see section 44-4047.
NE Code § 44-2217 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2217 - Officer, director, trustee; general provisions.

44-2217.  Officer, director, trustee; general provisions.(1) No person while serving as an elected or appointed officer, director, or trustee of a company licensed pursuant to sections 44-2201 to 44-2221, nor any person serving on the board of managers, trustees, or directors of a separate account of such company shall receive either directly or indirectly any commission or other form of compensation which is related to the purchase or disposal of assets of such a company or of any of its separate accounts.(2) Where the statutes or regulations of the place of domicile of a licensed company or applicant prevent compliance with the provisions of sections 44-2201 to 44-2221 and the regulations promulgated thereunder, such company shall advise the director in writing. If the statutes or regulations of the place of domicile provide a degree of protection to the contract holder and the public which is substantially equal to that protection provided by sections 44-2201 to 44-2221 and the regulations thereunder, the director may consider this as compliance with sections 44-2201 to 44-2221.Source  Laws 1969, c. 358, § 17, p. 1265.
NE Code § 44-2218 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2218 - Certificate of authority; suspend, revoke, refuse to renew; conditions.

44-2218.  Certificate of authority; suspend, revoke, refuse to renew; conditions.The Director of Insurance may issue an order suspending, revoking or refusing to renew the certificate of authority of any company to issue variable annuities in this state if he finds that any of the following conditions exist:(1) Any cause for which the issuance of a certificate of authority could have been refused had it existed and been known to the director at the time the license was originally issued;(2) The company has violated or committed acts contrary to the provisions of Chapter 44;(3) The company has obtained or attempted to obtain such license through willful misrepresentation or fraud;(4) The company's authority to do a life insurance business or variable annuity business has been suspended, denied, or revoked in any other state; or(5) The company has shown itself to be untrustworthy or incompetent.Source  Laws 1969, c. 358, § 18, p. 1266.
NE Code § 44-2219 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2219 - Certificate of authority; suspend, deny, revoke, refuse to renew; notice; hearing.

44-2219.  Certificate of authority; suspend, deny, revoke, refuse to renew; notice; hearing.Upon the entry of an order suspending, denying, revoking, or refusing to renew a company's certificate of authority to issue variable annuities in this state, the Director of Insurance shall promptly notify the company, by registered or certified mail, that the order has been entered and the reasons therefor and that within fifteen days after the receipt of a written request the matter will be set down for hearing. If no hearing is requested within fifteen days and none is ordered by the director, the director shall enter his or her written findings of fact and conclusions of law and the order will remain in effect until it is modified or vacated by the director. If a hearing is requested or ordered, it shall be held pursuant to the Administrative Procedure Act.Source   Laws 1969, c. 358, § 19, p. 1266;   Laws 1989, LB 92, § 196.  Cross References  Administrative Procedure Act, see section 84-920.
NE Code § 44-2220 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2220 - Rules and regulations.

44-2220.  Rules and regulations.The Director of Insurance shall have the authority to adopt and promulgate rules and regulations as are reasonable, necessary, and appropriate for the effective administration of sections 44-2201 to 44-2221. Such rules and regulations may include, but shall not be limited to, (1) qualifications to issue variable annuities, (2) requirements as to advertising, sales promotion, and contract provisions, (3) accounting, (4) the filing of contracts and certificates, and (5) the licensing of annuity agents.Source   Laws 1969, c. 358, § 20, p. 1267;   Laws 1989, LB 92, § 197.
NE Code § 44-2221 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2221 - Laws applicable.

44-2221.  Laws applicable.A company licensed to issue variable annuities in this state shall be subject to all of the provisions of Chapter 44, relating to a company authorized to do a life insurance business in this state, which are not inconsistent with sections 44-2201 to 44-2221.Source  Laws 1969, c. 358, § 21, p. 1267.
NE Code § 44-2301 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2301 - Hearings; authorized; powers of director.

44-2301.  Hearings; authorized; powers of director.In addition to examinations expressly authorized under Chapter 44, the Director of Insurance may hold hearings to procure information helpful in the lawful administration of any of the provisions of such chapter. For the purpose of holding a hearing and the production of documents and attendance of witnesses, the director shall have the power to appoint one or more special employees as his assistant or assistants, and to employ such counsels and clerks as may be deemed necessary and give each such person such powers to assist the department as the director may consider proper.Source   Laws 1969, c. 357, § 1, p. 1254;   Laws 1971, LB 891, § 1.
NE Code § 44-2312 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2312 - Hearings, appeals; law governing.

44-2312.  Hearings, appeals; law governing.Hearings and appeals in contested cases under the provisions of Chapter 44 as the same now provide or may hereafter from time to time be amended shall be in accordance with the Administrative Procedure Act.Source   Laws 1971, LB 891, § 2;   Laws 1988, LB 352, § 63.  Cross References  Administrative Procedure Act, see section 84-920.
NE Code § 44-2401 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2401 - Purpose of act.

44-2401.  Purpose of act.The purpose of the Nebraska Property and Liability Insurance Guaranty Association Act is to provide a method for the payment of certain claims against insolvent insurance companies, as defined in the act, to avoid unnecessary delay in payment of such claims, to avoid financial loss to claimants or to policyholders, to assist in the detection and prevention of insurer insolvencies, and to provide an association of insurers against which the cost of such protection may be assessed in an equitable manner.Source   Laws 1971, LB 722, § 1;  Laws 2019, LB380, § 1.
NE Code § 44-2402 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2402 - Kinds of insurance covered.

44-2402.  Kinds of insurance covered.The Nebraska Property and Liability Insurance Guaranty Association Act shall apply to all kinds of direct insurance except ocean marine, motor vehicle service contract reimbursement, and those lines of insurance specified in subdivisions (1) through (4), (13) through (17), (19), and (20) of section 44-201.Source   Laws 1971, LB 722, § 2;   Laws 1989, LB 92, § 198;   Laws 1990, LB 1136, § 99.
NE Code § 44-2404 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2404 - Nebraska Property and Liability Insurance Guaranty Association; legal entity; members; functions.

44-2404.  Nebraska Property and Liability Insurance Guaranty Association; legal entity; members; functions.There is hereby created a nonprofit unincorporated legal entity to be known as the Nebraska Property and Liability Insurance Guaranty Association. All insurers defined as member insurers in subdivision (6) of section 44-2403 shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved pursuant to section 44-2408 and shall exercise its powers through a board of directors established by section 44-2405. For purposes of administration and assessment, the association shall be divided into three separate accounts: (a) The workers' compensation insurance account; (b) the automobile insurance account; and (c) the account for all other insurance to which the Nebraska Property and Liability Insurance Guaranty Association Act applies.Source   Laws 1971, LB 722, § 4;   Laws 1974, LB 1014, § 2;   Laws 1986, LB 811, § 22.
NE Code § 44-2405 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2405 - Association; board of directors; members; number; selection; qualifications; expenses.

44-2405.  Association; board of directors; members; number; selection; qualifications; expenses.(1) The board of directors of the association shall consist of seven persons serving terms as established in the plan of operation. The members of the board shall be selected by member insurers subject to the approval of the director. At least four members of the board shall represent domestic insurers. Vacancies on the board shall be filled for the remaining period of the term in the same manner as initial appointments. If no members are selected within sixty days after May 26, 1971, the director may appoint the initial members of the board of directors.(2) Subject to the limitations in subsection (1) of this section, the director shall, in approving selections to the board, consider among other things whether all member insurers are fairly represented.(3) Members of the board may be reimbursed from the assets of the association for expenses incurred by them as members of the board of directors as provided in sections 81-1174 to 81-1177 for state employees.Source   Laws 1971, LB 722, § 5;   Laws 1981, LB 204, § 71.
NE Code § 44-2408 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2408 - Association; plan of operation; amendments; submit to director.

44-2408.  Association; plan of operation; amendments; submit to director.(1)(a) The association shall submit to the director a plan of operation and any amendments thereto necessary or suitable to assure the fair, reasonable, and equitable administration of the affairs of the association. The plan of operation and any amendments thereto shall become effective upon approval in writing by the director.(b) If the association fails to submit suitable amendments to the plan, the director shall, after allowing the association the opportunity to present its views, adopt and promulgate reasonable rules and regulations as are necessary and advisable to effectuate the Nebraska Property and Liability Insurance Guaranty Association Act. Such rules and regulations shall continue in force until modified by the director or superseded by a plan submitted by the association and approved by the director.(2) All member insurers shall comply with the plan of operation.(3) The plan of operation shall:(a) Establish the procedures whereby all the powers and duties of the association under the act will be performed;(b) Establish procedures for handling the assets of the association;(c) Establish the amount and method of reimbursing members of the board of directors under section 44-2405;(d) Establish procedures by which claims may be filed with the association and establish acceptable forms of proof of covered claims;(e) Establish regular places and times for meetings of the board of directors;(f) Establish procedures for records to be kept of all financial transactions of the association, its agents, and the board of directors;(g) Provide that any member insurer aggrieved by any final action or decision of the association may appeal to the director within sixty days after the action or decision;(h) Establish the procedures whereby selection of the board of directors will be submitted to the director for approval; and(i) Contain additional provisions necessary or proper for the execution of the powers and duties of the association.(4) The plan of operation may provide that any or all powers and duties of the association are delegated to a corporation, association, or other organization which performs, or will perform, functions similar to those of the association, or its equivalent, in two or more states. Such corporation, association, or organization shall be reimbursed as a servicing facility would be reimbursed and shall be paid for its performance of any other functions of the association. A delegation under this subsection shall take effect only with the approval of both the board of directors and the director and may be made only to a corporation, association, or organization which extends protection not substantially less favorable and effective than that provided by the act.Source   Laws 1971, LB 722, § 8;   Laws 1989, LB 92, § 200.
NE Code § 44-2409 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2409 - Director; duties.

44-2409.  Director; duties.(1) The director shall:(a) Notify the association of the existence of any insolvent insurer not later than three days after he or she receives notice of the determination of the insolvency and order of liquidation pursuant to the Nebraska Insurers Supervision, Rehabilitation, and Liquidation Act; and(b) Upon request of the board of directors of the association, provide the association with a statement of the net direct written premiums of each member insurer.(2) The director may:(a) Suspend or revoke, after notice and hearing, the certificate of authority to transact insurance in this state of any member insurer that fails to pay an assessment when due, unless such payment was deferred by the association in the manner provided in the Nebraska Property and Liability Insurance Guaranty Association Act, or fails to comply with the plan of operation; and(b) Revoke the designation of any servicing facility if he or she finds the claims are not being handled in good faith. Designation of a new servicing facility shall be accomplished in the manner set out in subdivision (1)(b) of section 44-2407.Source   Laws 1971, LB 722, § 9;   Laws 1989, LB 319, § 73;  Laws 2019, LB380, § 5.  Cross References  Nebraska Insurers Supervision, Rehabilitation, and Liquidation Act, see section 44-4862.
NE Code § 44-2410 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2410 - Assignment of rights; notice of claims; settlement; effect; statement of claims; file with director.

44-2410.  Assignment of rights; notice of claims; settlement; effect; statement of claims; file with director.(1) Any person recovering under the Nebraska Property and Liability Insurance Guaranty Association Act shall be deemed to have assigned his or her rights under the policy to the association to the extent of such recovery from the association. Every insured or claimant seeking recovery under the act shall be required to cooperate with the association to the same extent he or she would have been required to cooperate with the insolvent insurer.(2) Notice of claims to the liquidator or receiver of the insolvent member insurer shall be deemed notice to the association or its agent, and a list of covered claims shall be periodically submitted to the association or similar organization in another state by the receiver or liquidator.(3) The receiver, liquidator, or statutory successor of an insolvent member insurer shall be bound by settlements of covered claims by the association or a similar organization in another state.(4) The association shall periodically file with the director statements of covered claims paid by the association and estimates of anticipated claims against the association.Source   Laws 1971, LB 722, § 10;   Laws 1977, LB 366, § 8;  Laws 2019, LB380, § 6.
NE Code § 44-2411 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2411 - Exhaustion of remedies.

44-2411.  Exhaustion of remedies.(1) Any person having a claim against any insurer under any provisions of any insurance policy, which claim is also a covered claim against an insolvent insurer under the Nebraska Property and Liability Insurance Guaranty Association Act, shall be required to exhaust all rights under such policy before the association is obligated to pay the covered claim under such act. Any amount payable on a covered claim by the provisions of such act shall be reduced by the amount of such recovery under any other insurance policy.(2) Any person having a claim which may be recovered under more than one insurance guaranty association, or its equivalent, shall seek recovery first from the association of the place of residence of the insured, except that if it is a first-party claim for damage to property with a permanent location, from the association of the location of the property, and if it is a workers' compensation claim, from the association of the residence of the claimant. Any recovery pursuant to the Nebraska Property and Liability Insurance Guaranty Association Act shall be reduced by the amount of the recovery from any other insurance guaranty association or its equivalent.Source   Laws 1971, LB 722, § 11;   Laws 1986, LB 811, § 24;  Laws 2019, LB380, § 7.
NE Code § 44-2412 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2412 - Board of directors; director; duties.

44-2412.  Board of directors; director; duties.To aid in the detection and prevention of insurer insolvencies:(1) It shall be the duty of the board of directors, upon majority vote, to notify the director of any information indicating that any member insurer may be insolvent or in a financial condition hazardous to the policyholders or the public;(2) The board of directors may, upon majority vote, request that the director order an examination of any member insurer which the board in good faith believes may be in a financial condition hazardous to the policyholders or the public. Within thirty days of the receipt of such request, the director shall begin such examination. The examination may be conducted as a National Association of Insurance Commissioners examination or may be conducted by such qualified persons as the director designates. The cost of such examination shall be paid by the association and the examination report shall be treated as are other examination reports. The director shall notify the board of directors when the examination is completed. The request for an examination shall be kept on file by the director but it shall not be open to public inspection prior to the release of the examination report to the public;(3) It shall be the duty of the director to report to the board of directors when he has reasonable cause to believe that any member insurer examined or being examined may be insolvent or in a financial condition hazardous to the policyholders or the public. Such report to the board of directors shall not be considered a release to the public under applicable insurer examination statutes;(4) The board of directors may, upon majority vote, make reports and recommendations to the director upon any matter germane to the solvency, liquidation, rehabilitation or conservation of any member insurer. Such reports and recommendations shall not be considered public documents;(5) The board of directors may, upon majority vote, make recommendations to the director for the detection and prevention of insurer insolvencies; and(6) The board of directors shall, at the conclusion of any insurer insolvency in which the association was obligated to pay covered claims, prepare a report on the history and causes of such insolvency, based on the information available to the association, and submit such report to the director.Source  Laws 1971, LB 722, § 12.
NE Code § 44-2413 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2413 - Association; director; examine; regulate; financial report; furnish.

44-2413.  Association; director; examine; regulate; financial report; furnish.The association shall be subject to examination and regulation by the director. Any such examination conducted pursuant to the provisions of this section shall be paid for by the association. The board of directors shall submit to the director, not later than March 30 of each year, a financial report for the preceding calendar year in a form approved by the director.Source  Laws 1971, LB 722, § 13.
NE Code § 44-2414 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2414 - Association; fees and taxes; exempt.

44-2414.  Association; fees and taxes; exempt.The association shall be exempt from the payment of all fees and all taxes levied by this state or any of its subdivisions except taxes levied on real or personal property.Source  Laws 1971, LB 722, § 14.
NE Code § 44-2415 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2415 - Exemption from liability.

44-2415.  Exemption from liability.There shall be no liability on the part of, and no cause of action of any nature shall rise against, any member insurer, the association or its agents or employees, the board of directors of the association, any servicing facility designated by the association in accordance with the Nebraska Property and Liability Insurance Guaranty Association Act or the agents or employees or officers of such servicing facility, or the director or his or her representatives for any action taken by them in the performance of their powers and duties under the act.Source   Laws 1971, LB 722, § 15;  Laws 2019, LB380, § 8.
NE Code § 44-2416 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2416 - Advertisements by member insurers of coverage by association; prohibited.

44-2416.  Advertisements by member insurers of coverage by association; prohibited.Advertisements by member insurers which include a reference to the coverage of the insurance guaranty association are specifically prohibited.Source  Laws 1971, LB 722, § 16.
NE Code § 44-2417 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2417 - Assessments made by insurance guaranty associations of other states; not considered taxes, fees, licenses, obligations, prohibitions, or restrictions.

44-2417.  Assessments made by insurance guaranty associations of other states; not considered taxes, fees, licenses, obligations, prohibitions, or restrictions.Assessments made by the insurance guaranty associations, or similar entities, pursuant to the laws of any other state shall not be considered taxes, licenses, other fees, other material obligations, prohibitions, or restrictions as those terms are defined in section 44-150.Source  Laws 1971, LB 722, § 17.
NE Code § 44-2418 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-2418 - Act, how cited.

44-2418.  Act, how cited.Sections 44-2401 to 44-2419 shall be known and may be cited as the Nebraska Property and Liability Insurance Guaranty Association Act.Source   Laws 1971, LB 722, § 18;   Laws 1974, LB 1014, § 3;  Laws 2019, LB380, § 9.