Nebraska Statutes
§ 13-1615 — Plan sponsor; use of self-funding; exemption from other laws
Nebraska·Ch. 13 Cities, Counties, and Other Political Subdivisions
(1)A plan sponsor shall not be considered an insurer under the laws of this state. The use of any self-funding by a plan sponsor shall not constitute transacting the business of insurance and shall not be subject to regulation by the Department of Insurance.
(2)A plan sponsor shall not be a member of the Nebraska Property and Liability Insurance Guaranty Association or the Nebraska Life and Health Insurance Guaranty Association. The Nebraska Property and Liability Insurance Guaranty Association Act and the Nebraska Life and Health Insurance Guaranty Association Act shall not be applicable to the self-funded portion of an employee benefit plan.
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Legislative History
Source: Laws 1991, LB 167, § 15.
Cross References: Nebraska Life and Health Insurance Guaranty Association Act, see section 44-2720. Nebraska Property and Liability Insurance Guaranty Association Act, see section 44-2418.
Nearby Sections
15
§ 13-1001
Plans authorized; when; contents§ 13-1002
Cooperation with other states§ 13-1003
Improvement districts§ 13-1004
Management of districts§ 13-1005
Acquisition of property§ 13-1006
Reversion of property§ 13-101
Transferred to section43-1401§ 13-102
Transferred to section43-1402§ 13-103
Transferred to section43-1403§ 13-104
Transferred to section43-1404§ 13-105
Transferred to section43-1405§ 13-106
Transferred to section43-1406§ 13-107
Transferred to section43-1407§ 13-108
Transferred to section43-1408§ 13-109
Transferred to section43-1409