reglab/housing_qa huggingface dataset:
NE Code § 44-8804 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8804 - Individual navigator registration; application; form; contents; fee; entity navigator registration; application; form; contents; fee; notice of federal action; list of employees.

44-8804.  Individual navigator registration; application; form; contents; fee; entity navigator registration; application; form; contents; fee; notice of federal action; list of employees.(1) An individual applying for an individual navigator registration shall make application to the director on a form developed by the director which, unless preempted by federal law, is accompanied by the initial individual registration fee in an amount not to exceed twenty-five dollars as established by the director. The individual shall declare in the application under penalty of refusal, suspension, or revocation of the registration that the statements made in the application are true, correct, and complete to the best of the individual's knowledge and belief. Before approving the application, the director shall find that the individual:(a) Is at least eighteen years of age;(b) Has successfully passed an examination prescribed by an exchange established or operating in this state and has been authorized to act as a navigator; and(c) Has identified any entity navigator with which he or she is affiliated and supervised.(2) An entity applying for an entity navigator registration shall make application on a form developed by the director and which contains the information prescribed by the director and which, unless preempted by federal law, is accompanied by the initial entity registration fee in an amount not to exceed fifty dollars as established by the director.(3) The director may require any documents deemed necessary to verify the information contained in an application submitted in accordance with subsections (1) and (2) of this section.(4) A registered navigator shall, in a manner prescribed by the director, notify the director within thirty days of any federal action that restricts or terminates the navigator's authorization to act as a navigator.(5) A registered entity navigator shall, in a manner prescribed by the director, provide the director with a list of all individual navigators that it employs, supervises, or is affiliated with.Source Laws 2013, LB568, § 4.
NE Code § 44-8805 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8805 - Registrations; term; renewal; application; fee; federal training and continuing education requirements.

44-8805.  Registrations; term; renewal; application; fee; federal training and continuing education requirements.(1) Individual and entity registrations shall expire one year after the date of issuance.(2) An individual navigator may file an application for renewal of a registration on a form developed by the director and, unless preempted by federal law, shall pay the renewal fee in an amount not to exceed twenty-five dollars as established by the director, and an entity navigator may file an application for renewal of a registration on a form developed by the director and, unless preempted by federal law, shall pay the renewal fee in an amount not to exceed fifty dollars as established by the director. An individual navigator who fails to file prior to the expiration of the current registration for registration renewal, unless preempted by federal law, shall pay a late fee in an amount not to exceed fifty dollars as established by the director, and an entity navigator that fails to file prior to the expiration of the current registration for registration renewal, unless preempted by federal law, shall pay a late fee in an amount not to exceed fifty dollars as established by the director.(3) Any failure to fulfill the federal ongoing training and continuing education requirements shall result in the expiration of the registration.Source Laws 2013, LB568, § 5.
NE Code § 44-8806 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8806 - Navigator; individual with existing health insurance coverage; information.

44-8806.  Navigator; individual with existing health insurance coverage; information.On contact with an individual who acknowledges having existing health insurance coverage obtained through a licensed insurance producer, a navigator shall make a reasonable effort to inform the individual that he or she may, but is not required to, seek further assistance from that producer or another licensed producer for information, assistance, and any other services and that tax credits may not be available to offset the premium cost of plans that are marketed outside of the exchange.Source Laws 2013, LB568, § 6.
NE Code § 44-8807 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8807 - Director; disciplinary actions authorized; powers to examine business affairs and records; notice; hearing.

44-8807.  Director; disciplinary actions authorized; powers to examine business affairs and records; notice; hearing.(1) The director, after notice and hearing, may place on probation, suspend, revoke, or refuse to issue, renew, or reinstate a navigator registration for violation of the Health Insurance Exchange Navigator Registration Act.(2) Except as otherwise provided by law, the director may examine and investigate the business affairs and records of any navigator as such business affairs and records regard the navigator's duties as a navigator to determine whether the navigator has engaged or is engaging in any violation of the act.(3) An entity navigator registration may be suspended or revoked or renewal or reinstatement thereof may be refused if the director finds, after notice and hearing, that an individual navigator's violation was known by the employing or supervising entity navigator and the violation was not reported to the director and no corrective action was undertaken.Source Laws 2013, LB568, § 7.
NE Code § 44-8808 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8808 - Rules and regulations.

44-8808.  Rules and regulations.The director may adopt and promulgate rules and regulations to carry out the Health Insurance Exchange Navigator Registration Act.Source Laws 2013, LB568, § 8.
NE Code § 44-8901 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8901 - Act, how cited.

44-8901.  Act, how cited.Sections 44-8901 to 44-8912 shall be known and may be cited as the Standard Valuation Act.Source Laws 2014, LB755, § 1.
NE Code § 44-8902 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8902 - Applicability of act.

44-8902.  Applicability of act.Except as provided in sections 44-8905, 44-8906, and 44-8907, the Standard Valuation Act applies to those policies and contracts issued on or after the operative date of the valuation manual designated in subsection (2) of section 44-8908.Source Laws 2014, LB755, § 2.
NE Code § 44-8903 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8903 - Terms, defined.

44-8903.  Terms, defined.For the purposes of the Standard Valuation Act:(1) Accident and health insurance contract means a contract that incorporates morbidity risk and provides protection against economic loss resulting from accident, sickness, or medical conditions and as may be specified in the valuation manual;(2) Appointed actuary means a qualified actuary who is appointed in accordance with the valuation manual to prepare the actuarial opinion required in sections 44-421 to 44-425 and 44-8905;(3) Company means an entity which has (a) written, issued, or reinsured life insurance contracts, accident and health insurance contracts, or deposit-type contracts in this state and has at least one such policy in force or on claim or (b) written, issued, or reinsured life insurance contracts, accident and health insurance contracts, or deposit-type contracts in any state and is required to hold a certificate of authority to write life insurance, accident and health insurance, or deposit-type contracts in this state;(4) Deposit-type contract means a contract that does not incorporate mortality or morbidity risks and as may be specified in the valuation manual;(5) Director means the Director of Insurance;(6) Life insurance contract means a contract that incorporates mortality risk, including annuity and pure endowment contracts, and as may be specified in the valuation manual;(7) Policyholder behavior means any action a policyholder, a contract holder, or any other person with the right to elect options, such as a certificate holder, may take under a policy or contract subject to the act including, but not limited to, lapse, withdrawal, transfer, deposit, premium payment, loan, annuitization, or benefit elections prescribed by the policy or contract but excluding events of mortality or morbidity that result in benefits prescribed in their essential aspects by the terms of the policy or contract;(8) Principle-based valuation means a reserve valuation that uses one or more methods or one or more assumptions determined by the insurer and is required to comply with section 44-8909 as specified in the valuation manual;(9) Qualified actuary means an individual who is qualified to sign the applicable statement of actuarial opinion in accordance with the American Academy of Actuaries qualification standards for actuaries signing such statements and who meets the requirements specified in the valuation manual;(10) Reserves means reserve liabilities;(11) Tail risk means a risk that occurs either when the frequency of low probability events is higher than expected under a normal probability distribution or when there are observed events of very significant size or magnitude; and(12) Valuation manual means the valuation manual prescribed by the director which conforms substantially to the valuation manual developed and adopted by the National Association of Insurance Commissioners.Source Laws 2014, LB755, § 3.
NE Code § 44-8904 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8904 - Director; valuation of reserves; duties; powers.

44-8904.  Director; valuation of reserves; duties; powers.The director shall annually value, or cause to be valued, the reserves for all outstanding life insurance contracts, accident and health insurance contracts, and deposit-type contracts of every company issued on or after the operative date of the valuation manual. In lieu of the valuation of the reserves required of a foreign or alien company, the director may accept a valuation made, or caused to be made, by the insurance supervisory official of any state or other jurisdiction when the valuation complies with the minimum standard provided in the Standard Valuation Act.Source Laws 2014, LB755, § 4.Cross References  For operative date of valuation manual, see section 44-8908.
NE Code § 44-8906 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8906 - Minimum standard of valuation; applicability to contracts; when.

44-8906.  Minimum standard of valuation; applicability to contracts; when.For accident and health insurance contracts issued on or after the operative date of the valuation manual designated in subsection (2) of section 44-8908, the standard prescribed in the valuation manual is the minimum standard of valuation required under section 44-8904. For disability and sickness and accident insurance contracts issued on or after the operative date defined in section 44-407.07 and prior to the operative date of the valuation manual, the minimum standard of valuation is the standard adopted and promulgated by the director by rule and regulation.Source Laws 2014, LB755, § 6.
NE Code § 44-8909 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8909 - Reserves; company; duties.

44-8909.  Reserves; company; duties.(1) A company must establish reserves using a principle-based valuation that meets the following conditions for policies or contracts as specified in the valuation manual:(a) Quantify the benefits and guarantees, and the funding, associated with the contracts and their risks at a level of conservatism that reflects conditions that include unfavorable events that have a reasonable probability of occurring during the lifetime of the contracts. For policies or contracts with significant tail risk, the valuation must reflect conditions appropriately adverse to quantify the tail risk;(b) Incorporate assumptions, risk analysis methods, and financial models and management techniques that are consistent with, but not necessarily identical to, those utilized within the company's overall risk assessment process, while recognizing potential differences in financial reporting structures and any prescribed assumptions or methods;(c) Incorporate assumptions that are derived in one of the following manners:(i) The assumption is prescribed in the valuation manual; or(ii) For assumptions that are not prescribed, the assumptions shall:(A) Be established utilizing the company's available experience, to the extent it is relevant and statistically credible; or(B) To the extent that company data is not available, relevant, or statistically credible, be established utilizing other relevant, statistically credible experience; and(d) Provide margins for uncertainty including adverse deviation and estimation error, such that the greater the uncertainty the larger the margin and resulting reserve.(2) A company using a principle-based valuation for one or more policies or contracts subject to this section as specified in the valuation manual shall:(a) Establish procedures for corporate governance and oversight of the actuarial valuation function consistent with those described in the valuation manual;(b) Provide to the director and the board of directors an annual certification of the effectiveness of the internal controls with respect to the principle-based valuation. Such controls shall be designed to assure that all material risks inherent in the liabilities and associated assets subject to such valuation are included in the valuation and that valuations are made in accordance with the valuation manual. The certification shall be based on the controls in place as of the end of the preceding calendar year; and(c) Develop, and file with the director upon request, a principle-based valuation report that complies with standards prescribed in the valuation manual.(3) A principle-based valuation may include a prescribed formulaic reserve component.Source Laws 2014, LB755, § 9.
NE Code § 44-8910 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8910 - Company; submit data.

44-8910.  Company; submit data.A company shall submit mortality, morbidity, policyholder behavior, or expense experience and other data as prescribed in the valuation manual.Source Laws 2014, LB755, § 10.
NE Code § 44-8912 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-8912 - Director; exempt specific product forms or product lines; provisions applicable.

44-8912.  Director; exempt specific product forms or product lines; provisions applicable.(1) The director may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in this state from the requirements of section 44-8908 if:(a) The director has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and(b) The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual designated in subsection (2) of section 44-8908 in addition to any requirements established by the director and by rule and regulation.(2) For any company granted an exemption under this section, sections 44-420 to 44-427, 44-8906, and 44-8907 shall be applicable. With respect to any company applying this exemption, any reference to section 44-8908 found in such sections shall not be applicable.Source Laws 2014, LB755, § 12.
NE Code § 44-9001 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-9001 - Act, how cited.

44-9001.  Act, how cited.Sections 44-9001 to 44-9011 shall be known and may be cited as the Risk Management and Own Risk and Solvency Assessment Act.Source Laws 2014, LB700, § 1.
NE Code § 44-9002 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-9002 - Purposes of act; applicability.

44-9002.  Purposes of act; applicability.(1) The purposes of the Risk Management and Own Risk and Solvency Assessment Act are to provide requirements for maintaining a risk management framework and completing an own risk and solvency assessment and to provide guidance and instructions for filing an own risk and solvency assessment summary report with the director.(2) The requirements of the act apply to all insurers domiciled in this state unless exempt pursuant to section 44-9008.Source Laws 2014, LB700, § 2.
NE Code § 44-9003 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-9003 - Legislative findings and declaration.

44-9003.  Legislative findings and declaration.The Legislature finds and declares that the own risk and solvency assessment summary report will contain confidential and sensitive information related to an insurer's or insurance group's identification of risks that is material and relevant to the insurer or insurance group filing the report. The information will include proprietary and trade secret information that has the potential for harm and competitive disadvantage to the insurer or insurance group if the information is made public. It is the intent of the Legislature that the own risk and solvency assessment summary report shall be a confidential document filed with the director, that the own risk and solvency assessment summary report shall be shared only as provided in the Risk Management and Own Risk and Solvency Assessment Act and to assist the director in the performance of his or her duties, and that in no event shall the own risk and solvency assessment summary report be subject to public disclosure.Source Laws 2014, LB700, § 3.
NE Code § 44-9004 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-9004 - Terms, defined.

44-9004.  Terms, defined.For purposes of the Risk Management and Own Risk and Solvency Assessment Act:(1) Director means the Director of Insurance;(2) Insurance group means those insurers and affiliates included within an insurance holding company system as defined in subdivision (6) of section 44-2121;(3) Insurer has the same meaning as in section 44-103, except that it does not include agencies, authorities, or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia, or a state or political subdivision of a state;(4) Own risk and solvency assessment means a confidential internal assessment, appropriate to the nature, scale, and complexity of an insurer or insurance group, conducted by the insurer or insurance group, of the material and relevant risks associated with the insurer's or insurance group's current business plan and the sufficiency of capital resources to support those risks;(5) Own risk and solvency assessment guidance manual means the own risk and solvency assessment guidance manual prescribed by the director which conforms substantially to the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the National Association of Insurance Commissioners. A change in the own risk and solvency assessment guidance manual shall be effective on the January 1 following the calendar year in which the change has been adopted by the director; and(6) Own risk and solvency assessment summary report means a confidential, high-level summary of an insurer's or insurance group's own risk and solvency assessment.Source  Laws 2014, LB700, § 4;  Laws 2016, LB772, § 16.
NE Code § 44-9005 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-9005 - Risk management framework.

44-9005.  Risk management framework.An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant risks. This requirement is satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer.Source Laws 2014, LB700, § 5.
NE Code § 44-9006 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-9006 - Own risk and solvency assessment.

44-9006.  Own risk and solvency assessment.Subject to section 44-9008, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct an own risk and solvency assessment consistent with a process comparable to the own risk and solvency assessment guidance manual. The own risk and solvency assessment shall be conducted no less than annually but also at any time when there are significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member.Source Laws 2014, LB700, § 6.
NE Code § 44-9007 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-9007 - Own risk and solvency assessment summary report; submission; contents; similar report accepted; when.

44-9007.  Own risk and solvency assessment summary report; submission; contents; similar report accepted; when.(1) Upon the director's request, and no more than once each year, an insurer shall submit to the director an own risk and solvency assessment summary report or any combination of reports that together contain the information described in the own risk and solvency assessment guidance manual applicable to the insurer or the insurance group of which the insurer is a member. Notwithstanding any request from the director, if the insurer is a member of an insurance group, the insurer shall submit the report required by this subsection if the director is the lead state insurance commissioner of the insurance group.(2) The report shall include a signature of the insurer's or insurance group's chief risk officer or other executive having responsibility for the oversight of the insurer's enterprise risk management process attesting to the best of his or her belief and knowledge that the insurer applies the enterprise risk management process described in the own risk and solvency assessment summary report and that a copy of the report has been provided to the insurer's board of directors or the appropriate committee thereof.(3) An insurer may comply with subsection (1) of this section by providing the most recent and substantially similar report provided by the insurer or another member of an insurance group of which the insurer is a member to the insurance commissioner of another state or to a supervisor or regulator of a foreign jurisdiction if that report provides information that is comparable to the information described in the own risk and solvency assessment guidance manual. Any such report in a language other than English must be accompanied by a translation of that report into the English language.(4) The first filing of the own risk and solvency assessment summary report shall be in 2015.Source Laws 2014, LB700, § 7.
NE Code § 44-9009 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-9009 - Own risk and solvency assessment summary report; documentation and supporting information.

44-9009.  Own risk and solvency assessment summary report; documentation and supporting information.(1) An own risk and solvency assessment summary report shall be prepared consistent with the own risk and solvency assessment guidance manual, subject to the requirements of subsection (2) of this section. Documentation and supporting information shall be maintained and made available upon examination or upon request of the director.(2) The review of the own risk and solvency assessment summary report, and any additional requests for information, shall be made using similar procedures currently used in the analysis and examination of multistate or global insurers and insurance groups.Source Laws 2014, LB700, § 9.