Nebraska § 44-2501 Domestic insurer; prohibited acts

Nebraska Statutes

§ 44-2501 — Domestic insurer; prohibited acts

Nebraska § 44-2501

Ch. 44Insurance

This text of Nebraska § 44-2501 (Domestic insurer; prohibited acts) 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. § 44-2501 (2026).

Text

No domestic insurer shall enter into any contract of insurance upon the life or person of a resident of a reciprocal state, or covering property or risks located in a reciprocal state, unless the insurer is authorized pursuant to the laws of such reciprocal state to do business therein, except that a domestic insurer may:

(a)Enter into a contract when the prospective insured is personally present in the state in which the insurer is authorized to do business when he signs the application;

(b)Issue a certificate under any lawfully transacted group life or group disability policy, when the master policy is entered into in a state in which the insurer is authorized to do business;

(c)Make a contract pursuant to a pension or retirement plan of an employer when such contract is applied for i

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No domestic insurer shall enter into any contract of insurance upon the life or person of a resident of a reciprocal state, or covering property or risks located in a reciprocal state, unless the insurer is authorized pursuant to the laws of such reciprocal state to do business therein, except that a domestic insurer may:
(a) Enter into a contract when the prospective insured is personally present in the state in which the insurer is authorized to do business when he signs the application;
(b) Issue a certificate under any lawfully transacted group life or group disability policy, when the master policy is entered into in a state in which the insurer is authorized to do business;
(c) Make a contract pursuant to a pension or retirement plan of an employer when such contract is applied for in a state where the employer is personally present or doing business and the insurer is authorized to do business; and
(d) Renew, reinstate, convert, or continue in force, with or without modification, any contract otherwise lawfully entered into and which was not originally entered into in violation of this section.