Nebraska § 44-218 Mutual company; limitation of liability

Nebraska Statutes

§ 44-218 — Mutual company; limitation of liability

Nebraska·Ch. 44 Insurance

The liability of a member of a mutual company shall be limited to the premiums stated in the policy.

Free access — add to your briefcase to read the full text and ask questions with AI

Nebraska § 44-218 (Mutual company; limitation of liability) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: Laws 1913, c. 154, § 79, p. 428; R.S.1913, § 3216; Laws 1919, c. 190, tit. V, art. V, § 2, p. 608; C.S.1922, § 7815; Laws 1925, c. 124, § 2, p. 328; C.S.1929, § 44-402; Laws 1931, c. 89, § 1, p. 251; C.S.Supp.,1941, § 44-402; R.S.1943, § 44-218; Laws 1957, c. 189, § 1, p. 662; Laws 1989, LB 92, § 64. Annotations: Assessments conformed to statute and could be recovered by company in action against policyholder. Nebraska Mutual Ins. Co. v. Borden, 132 Neb. 656, 272 N.W. 767 (1937). Assessment in excess of limitation herein prescribed is at least partially invalid, and failure to pay same is no defense to action on policy. Hobza v. State Farmers Ins. Co., 125 Neb. 776, 252 N.W. 214 (1934).