reglab/housing_qa huggingface dataset:
NE Code § 44-1073 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1073 - Terms, defined.

44-1073.  Terms, defined.As used in sections 44-1072 to 44-10,109, unless the context otherwise requires:(1) Benefit contract shall mean the agreement for provision of benefits authorized by section 44-1087, as that agreement is provided in the certificate described in subsection (1) of section 44-1090;(2) Benefit member shall mean an adult member who is designated by the laws or rules of the society to be a benefit member under a benefit contract;(3) Certificate shall mean the document issued as written evidence of the benefit contract;(4) Laws shall mean the society's articles of incorporation, constitution, and bylaws, however designated;(5) Lodge shall mean subordinate member units of the society, known as camps, courts, councils, or branches or by any other designation;(6) Premiums shall mean premiums, rates, dues, or other required contributions by whatever name known, which are payable under the certificate;(7) Rules shall mean all rules, regulations, or resolutions adopted and promulgated by the supreme governing body or board of directors which are intended to have general application to the members of the society; and(8) Society shall mean fraternal benefit society, unless otherwise indicated.Source  Laws 1985, LB 508, § 2.
NE Code § 44-1074 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1074 - Lodge system; requirements.

44-1074.  Lodge system; requirements.(1) A society shall be deemed to be operating on the lodge system if it has a supreme governing body and subordinate lodges into which members are elected, initiated, or admitted in accordance with its laws, rules, and ritual. Subordinate lodges shall be required by the laws of the society to hold regular meetings at least once each month to further the purposes of the society.(2) A society may, at its option, organize and operate lodges for children under the minimum age for adult membership. Membership and initiation in local lodges shall not be required of such children and such children shall not have a voice or vote in the management of the society.Source  Laws 1985, LB 508, § 3.
NE Code § 44-1075 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1075 - Representative form of government; requirements.

44-1075.  Representative form of government; requirements.A society shall be deemed to have a representative form of government when:(1) It has a supreme governing body constituted in one of the following ways:(a) Assembly. The supreme governing body is an assembly composed of delegates elected directly by the members or at intermediate assemblies or conventions of members or their representatives, together with other delegates as may be prescribed in the society's laws. A society may provide for election of delegates by mail. The elected delegates shall constitute a majority in number and shall not have less than two-thirds of the votes and not less than the number of votes required to amend the society's laws. The assembly shall be elected and meet at least once every four years and shall elect a board of directors to conduct the business of the society between meetings of the assembly. Vacancies on the board of directors between elections may be filled in the manner prescribed by the society's laws; or(b) Direct election. The supreme governing body is a board composed of persons elected by the members, either directly or by their representatives in intermediate assemblies, and any other persons prescribed in the society's laws. A society may provide for election of the board by mail. Each term of a board member may not exceed four years. Vacancies on the board between elections may be filled in the manner prescribed by the society's laws. Those persons elected to the board shall constitute a majority in number and not less than the number of votes required to amend the society's laws. A person filling the unexpired term of an elected board member shall be considered to be an elected member. The board shall meet at least quarterly to conduct the business of the society;(2) The officers of the society are elected either by the supreme governing body or by the board of directors;(3) Only benefit members are eligible for election to the supreme governing body, the board of directors, or any intermediate assembly; and(4) Each voting member shall have one vote and no vote may be cast by proxy.Source  Laws 1985, LB 508, § 4.
NE Code § 44-1076 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1076 - Purposes and powers of society.

44-1076.  Purposes and powers of society.(1) A society shall operate for the benefit of its members and their beneficiaries by:(a) Providing benefits as specified in section 44-1087; and(b) Operating for one or more social, intellectual, educational, charitable, benevolent, moral, fraternal, patriotic, or religious purposes for the benefit of its members, which may also be extended to others.Such purposes may be carried out directly by the society or indirectly through subsidiary corporations or affiliated organizations.(2) Every society shall have the power to adopt and promulgate laws and rules for the government of the society, the admission of its members, and the management of its affairs. It shall have the power to change, alter, add to, or amend such laws and rules and shall have such other powers as are necessary and incidental to carrying into effect the objects and purposes of the society.Source  Laws 1985, LB 508, § 5.
NE Code § 44-1077 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1077 - Qualification for membership.

44-1077.  Qualification for membership.(1) A society shall specify in its laws or rules:(a) Eligibility standards for each and every class of membership, except that if benefits are provided on the lives of children, the minimum age for adult membership shall be set at not younger than fifteen nor older than twenty-one years of age;(b) The process for admission to membership for each membership class; and(c) The rights and privileges of each membership class, except that only benefit members shall have the right to vote on the management of the insurance affairs of the society.(2) A society may also admit social members who shall have no voice or vote in the management of the insurance affairs of the society.(3) Membership rights in the society shall be personal to the member and shall not be assignable.Source  Laws 1985, LB 508, § 6.
NE Code § 44-1078 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1078 - Location of office; meetings; communications to members; grievance procedures.

44-1078.  Location of office; meetings; communications to members; grievance procedures.(1) The principal office of any domestic society shall be located in this state. The meetings of its supreme governing body may be held in any state, district, province, or territory wherein such society has at least one subordinate lodge, or in such other location as determined by the supreme governing body, and all business transacted at such meetings shall be as valid in all respects as if such meetings were held in this state. The minutes of the proceedings of the supreme governing body and of the board of directors shall be in the English language.(2)(a) A society may provide in its laws for an official publication in which any notice, report, or statement required by law to be given to members, including notice of election, may be published. Such required reports, notices, and statements shall be printed conspicuously in the publication. If the records of a society show that two or more members have the same mailing address, an official publication mailed to one member shall be deemed to be mailed to all members at the same address unless a member requests a separate copy.(b) Not later than June 1 of each year, a synopsis of the society's annual statement providing an explanation of the facts concerning the condition of the society shall be printed and mailed to each benefit member of the society or, in lieu thereof, such synopsis may be published in the society's official publication.(3) A society may provide in its laws or rules for grievance or complaint procedures for members.Source  Laws 1985, LB 508, § 7.
NE Code § 44-1080 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1080 - Membership; waiver of requirements.

44-1080.  Membership; waiver of requirements.The laws of the society may provide that no subordinate body, nor any of its subordinate officers or members, shall have the power or authority to waive any of the provisions of the laws of the society. Such provision shall be binding on the society and every member and beneficiary of a member.Source  Laws 1985, LB 508, § 9.
NE Code § 44-1082 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1082 - Amendments to laws of society; procedure.

44-1082.  Amendments to laws of society; procedure.(1) A domestic society may amend its laws in accordance with the provisions thereof by action of its supreme governing body at any regular or special meeting thereof or, if its laws so provide, by referendum. Such referendum may be held in accordance with the provisions of its laws by the vote of the voting members of the society, by the vote of delegates or representatives of voting members, or by the vote of local lodges. A society may provide for voting by mail. No amendment submitted for adoption by referendum shall be adopted unless, within six months from the date of submission thereof, a majority of the members voting shall have signified their consent to such amendment by one of the methods specified in this subsection.(2) No amendment to the laws of any domestic society shall take effect unless approved by the Director of Insurance who shall approve such amendment if he or she finds that it has been duly adopted and is not inconsistent with any requirement of the laws of this state or with the character, objects, and purposes of the society. Unless the director shall disapprove any such amendment within sixty days after the filing of same, such amendment shall be considered approved. The approval or disapproval of the director shall be in writing and mailed to the secretary or corresponding officer of the society at its principal office. In case the director disapproves such amendment, the reasons for such disapproval shall be stated in such written notice.(3) Within ninety days from the approval by the Director of Insurance, all such amendments, or a synopsis thereof, shall be furnished to all members of the society either by mail or by publication in full in the official publication of the society. The affidavit of any officer of the society or of anyone authorized by it to mail any amendments, or a synopsis thereof, stating facts which show that such amendments or synopsis has been duly addressed and mailed, shall be prima facie evidence that such amendments or synopsis has been furnished the addressee.(4) Every foreign or alien society authorized to do business in this state shall file with the Director of Insurance a duly certified copy of all amendments of, or additions to, its laws within ninety days after the enactment of the same.(5) Printed copies of the laws as amended, certified by the secretary or corresponding officer of the society, shall be prima facie evidence of the legal adoption thereof.Source  Laws 1985, LB 508, § 11.
NE Code § 44-1083 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1083 - Creation of not-for-profit institution; authorized.

44-1083.  Creation of not-for-profit institution; authorized.A society may create, maintain, and operate, or may establish organizations to operate, not-for-profit institutions to further the purposes permitted by subdivision (1)(b) of section 44-1076. Such institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held, or leased by the society for this purpose shall be reported in every annual statement.Source  Laws 1985, LB 508, § 12.
NE Code § 44-1084 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1084 - Reinsurance; authorized.

44-1084.  Reinsurance; authorized.(1) A domestic society may, by a reinsurance agreement, cede any individual risk or risks in whole or in part to an insurer, other than another fraternal benefit society, having the power to make such reinsurance and authorized to do business in this state, or if not so authorized, one which is approved by the Director of Insurance, but no such society may reinsure substantially all of its insurance in force without the written permission of the director. It may take credit for the reserves on such ceded risks to the extent reinsured, but no credit shall be allowed as an admitted asset to or as a deduction from liability of a ceding society for reinsurance made, ceded, renewed, or otherwise becoming effective after September 6, 1985, unless the reinsurance is payable by the assuming insurer on the basis of the liability of the ceding society under the contract or contracts reinsured without diminution because of the insolvency of the ceding society.(2) Notwithstanding the limitation in subsection (1) of this section, a society may reinsure the risks of another society in a consolidation or merger approved by the Director of Insurance pursuant to section 44-1085.Source  Laws 1985, LB 508, § 13.
NE Code § 44-1086 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1086 - Conversion to mutual life insurance company.

44-1086.  Conversion to mutual life insurance company.Any domestic fraternal benefit society may be converted and licensed as a mutual life insurance company by compliance with all the requirements of law. A plan of conversion shall be prepared in writing by the board of directors setting forth in full the terms and conditions of conversion. The affirmative vote of two-thirds of all members of the supreme governing body at a regular or special meeting shall be necessary for the approval of such plan. No such conversion shall take effect unless and until approved by the Director of Insurance who may give such approval if he or she finds that the proposed change is in conformity with the requirements of law and not prejudicial to the certificate holders of the society.Source  Laws 1985, LB 508, § 15.
NE Code § 44-1087 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1087 - Benefits; authorized.

44-1087.  Benefits; authorized.(1) A society may provide the following contractual benefits in any form:(a) Death benefits;(b) Endowment benefits;(c) Annuity benefits;(d) Temporary or permanent disability benefits;(e) Hospital, medical, or nursing benefits;(f) Monument or tombstone benefits to the memory of deceased members; and(g) Such other benefits as authorized for life insurers and which are not inconsistent with sections 44-1072 to 44-10,109.(2) A society shall specify in its rules persons who may be issued, or covered by, the contractual benefits listed in subsection (1) of this section, consistent with providing benefits to members and their dependents. A society may provide benefits on the lives of children under the minimum age for adult membership upon application of an adult person.Source  Laws 1985, LB 508, § 16.
NE Code § 44-1088 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1088 - Beneficiaries.

44-1088.  Beneficiaries.(1) The owner of a benefit contract shall have the right at all times to change the beneficiary or beneficiaries in accordance with the laws or rules of the society unless the owner waives this right by specifically requesting in writing that the beneficiary designation be irrevocable. A society may, through its laws or rules, limit the scope of beneficiary designations and shall provide that no revocable beneficiary shall have or obtain any vested interest in the proceeds of any certificate until the certificate has become due and payable in conformity with the provisions of the benefit contract.(2) A society may make provision for the payment of funeral benefits to the extent of such portion of any payment under a certificate as might reasonably appear to be due to any person equitably entitled thereto by reason of having incurred expense occasioned by the burial of the member. The portion of such benefits paid shall not exceed the sum of two thousand dollars.(3) If at the death of any person insured under a benefit contract there is no lawful beneficiary to whom the proceeds shall be payable, the amount of such benefit, except to the extent that funeral benefits may be paid, shall be payable to the personal representative of the deceased insured. If the owner of the certificate is other than the insured, such proceeds shall be payable to such owner.Source  Laws 1985, LB 508, § 17.
NE Code § 44-1091 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1091 - Nonforfeiture benefits; cash surrender values; certificate loans; other options.

44-1091.  Nonforfeiture benefits; cash surrender values; certificate loans; other options.(1) For certificates issued prior to one year after September 6, 1985, the value of every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted shall comply with the provisions of law applicable immediately prior to September 6, 1985.(2) For certificates issued on or after one year from September 6, 1985, for which reserves are computed on the Commissioner's 1941 Standard Ordinary Mortality Table, the Commissioner's 1941 Standard Industrial Table, the Commissioner's 1958 Standard Ordinary Mortality Table, the Commissioner's 1980 Standard Ordinary Mortality Table, or any more recent table made applicable to life insurers, every paid-up nonforfeiture benefit and the amount of any cash surrender value, loan, or other option granted shall not be less than the corresponding amount ascertained in accordance with the laws of this state applicable to life insurers issuing policies containing like benefits based upon such tables.Source  Laws 1985, LB 508, § 20. Cross References  Mortality tables, see Appendix, Nebraska Revised Statutes, Volume 2A.
NE Code § 44-1092 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1092 - Investments.

44-1092.  Investments.A society shall invest its funds only in such investments as are authorized by the laws of this state for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in this state which invests its funds in accordance with the laws of the state, district, territory, country, or province in which it is incorporated shall be held to meet the requirements of this section for the investment of funds.Source  Laws 1985, LB 508, § 21.
NE Code § 44-1093 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1093 - Establishment and disbursement of funds.

44-1093.  Establishment and disbursement of funds.(1) All assets shall be held, invested, and disbursed for the use and benefit of the society and no member or beneficiary shall have or acquire individual rights or become entitled to any apportionment on the surrender of any part of such assets, except as provided in the benefit contract.(2) A society may create, maintain, invest, disburse, and apply any special fund or funds necessary to carry out any purpose permitted by the laws of such society.(3) A society may, pursuant to resolution of its supreme governing body, establish and operate one or more separate accounts and issue contracts on a variable basis, subject to the provisions of law regulating life insurers establishing such accounts and issuing such contracts. To the extent the society deems it necessary in order to comply with any applicable federal or state laws, or any rules issued thereunder, the society (a) may adopt special procedures for the conduct of the business and affairs of a separate account, (b) may, for persons having beneficial interests therein, provide special voting and other rights including, without limitation, special rights and procedures relating to investment policy, investment advisory services, selection of certified public accountants, and selection of a committee to manage the business and affairs of the account, and (c) may issue contracts on a variable basis to which subsections (2) and (4) of section 44-1090 shall not apply.Source  Laws 1985, LB 508, § 22.
NE Code § 44-1094 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1094 - Other insurance laws, how construed.

44-1094.  Other insurance laws, how construed.Societies shall be governed by sections 44-1072 to 44-10,109 and shall be exempt from all other provisions of the insurance laws of this state unless they are expressly designated therein or unless such provisions are specifically made applicable by sections 44-1072 to 44-10,109.Source  Laws 1985, LB 508, § 23.
NE Code § 44-1095 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1095 - Funds and property; exempt from taxation.

44-1095.  Funds and property; exempt from taxation.Every society organized or licensed under sections 44-1072 to 44-10,109 shall be a charitable and benevolent institution, and all of its funds and property shall be exempt from all and every state, county, district, municipal, and school tax.Source   Laws 1985, LB 508, § 24;  Laws 2015, LB414, § 1.  Annotations This section does not exempt a fraternal benefit society from paying sales and use taxes. Woodmen of the World v. Nebraska Dept. of Rev., 299 Neb. 43, 907 N.W.2d 1 (2018).
NE Code § 44-1096 (2021)
2021 Nebraska Revised Statutes|Chapter 44 - Insurance|44-1096 - Standards of valuation.

44-1096.  Standards of valuation.(1) Standards of valuation for certificates issued prior to one year after September 6, 1985, shall be those standards provided by the laws applicable immediately prior to September 6, 1985.(2) The minimum standards of valuation for certificates issued on or after one year from September 6, 1985, shall be based on the following tables:(a) For certificates of life insurance: (i) The Commissioner's 1941 Standard Ordinary Mortality Table; (ii) the Commissioner's 1941 Standard Industrial Mortality Table; (iii) the Commissioner's 1958 Standard Ordinary Mortality Table; (iv) the Commissioner's 1980 Standard Ordinary Mortality Table; or (v) any more recent table made applicable to life insurers; and(b) For annuity and pure endowment certificates, total and permanent disability benefits, accidental death benefits, and noncancelable accident and health benefits, such tables as are authorized for use by life insurers in this state.All of the standards of valuation listed in this subsection shall be under valuation methods and standards, including interest assumptions, in accordance with the laws of this state applicable to life insurers issuing policies containing like benefits.(3) The Director of Insurance may, in his or her discretion, accept other standards for valuation if he or she finds that the reserves produced thereby will not be less in the aggregate than reserves computed in accordance with the minimum valuation standard prescribed in this section. The director may, in his or her discretion, vary the standards of mortality applicable to all benefit contracts on substandard lives or other extra hazardous lives by any society authorized to do business in this state.(4) Any society, with the consent of the Director of Insurance of the state of domicile of the society and under such conditions, if any, which he or she may impose, may establish and maintain reserves on its certificates in excess of the reserves required, but the contractual rights of any benefit member shall not be affected thereby.Source  Laws 1985, LB 508, § 25. Cross References  Mortality tables, see Appendix, Nebraska Revised Statutes, Volume 2A.