Nebraska § 44-3005 Director of Insurance; powers

Nebraska Statutes

§ 44-3005 — Director of Insurance; powers

Nebraska·Ch. 44 Insurance

The Director of Insurance may, at his or her discretion, make an order:

(1)Limiting an insurer’s death master file comparisons required under section 44-3003 to the insurer’s electronic searchable files or approving a plan and timeline for conversion of the insurer’s files to electronic files;

(2)Exempting an insurer from death master file comparisons required under section 44-3003 or permitting an insurer to perform such comparisons on only certain policies or retained asset accounts or to perform such comparisons less frequently than semiannually upon a demonstration of hardship by the insurer; or

(3)Phasing in compliance with the Unclaimed Life Insurance Benefits Act according to a plan adopted and published by the director.

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The Director of Insurance may, at his or her discretion, make an order:
(1) Limiting an insurer’s death master file comparisons required under section 44-3003 to the insurer’s electronic searchable files or approving a plan and timeline for conversion of the insurer’s files to electronic files;
(2) Exempting an insurer from death master file comparisons required under section 44-3003 or permitting an insurer to perform such comparisons on only certain policies or retained asset accounts or to perform such comparisons less frequently than semiannually upon a demonstration of hardship by the insurer; or
(3) Phasing in compliance with the Unclaimed Life Insurance Benefits Act according to a plan adopted and published by the director.

Nebraska § 44-3005 (Director of Insurance; powers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.