Nebraska § 44-2218 Certificate of authority; suspend, revoke, refuse to renew; conditions

Nebraska Statutes

§ 44-2218 — Certificate of authority; suspend, revoke, refuse to renew; conditions

Nebraska § 44-2218

Ch. 44Insurance

This text of Nebraska § 44-2218 (Certificate of authority; suspend, revoke, refuse to renew; conditions) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 44-2218 (2026).

Text

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

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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.