Nebraska § 44-2404 Nebraska Property and Liability Insurance Guaranty Association; legal entity; members; functions

Nebraska Statutes

§ 44-2404 — Nebraska Property and Liability Insurance Guaranty Association; legal entity; members; functions

Nebraska § 44-2404

Ch. 44Insurance

This text of Nebraska § 44-2404 (Nebraska Property and Liability Insurance Guaranty Association; legal entity; members; functions) 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. § 44-2404 (2026).

Text

There is hereby created a nonprofit unincorporated legal entity to be known as the Nebraska Property and Liability Insurance Guaranty Association. All insurers defined as member insurers in subdivision (6) of section 44-2403 shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved pursuant to section 44-2408 and shall exercise its powers through a board of directors established by section 44-2405 . For purposes of administration and assessment, the association shall be divided into three separate accounts:

(a)The workers' compensation insurance account;

(b)the automobile insurance account; and (c) the account for all other insura

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There is hereby created a nonprofit unincorporated legal entity to be known as the Nebraska Property and Liability Insurance Guaranty Association. All insurers defined as member insurers in subdivision (6) of section 44-2403 shall be and remain members of the association as a condition of their authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved pursuant to section 44-2408 and shall exercise its powers through a board of directors established by section 44-2405 . For purposes of administration and assessment, the association shall be divided into three separate accounts: (a) The workers' compensation insurance account; (b) the automobile insurance account; and (c) the account for all other insurance to which the Nebraska Property and Liability Insurance Guaranty Association Act applies.