Nebraska § 44-303 Insurance companies; certificate of authority; duration; promotion expenses; use of premiums prohibited

Nebraska Statutes

§ 44-303 — Insurance companies; certificate of authority; duration; promotion expenses; use of premiums prohibited

Nebraska § 44-303

Ch. 44Insurance

This text of Nebraska § 44-303 (Insurance companies; certificate of authority; duration; promotion expenses; use of premiums prohibited) 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. § 44-303 (2026).

Text

No insurance company shall transact any insurance business in this state unless it has received a certificate of authority from the Department of Insurance to do so. This certificate shall expire on the last day of April in each year and shall be renewed annually if the company has continued to comply with the laws of this state and the rules and regulations of the department. Authority to do an insurance business shall be refused any company which contracts to pay or does pay any part of the premiums arising from insurance it has written or may write as compensation, directly or indirectly, for promoting or organizing the company.

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No insurance company shall transact any insurance business in this state unless it has received a certificate of authority from the Department of Insurance to do so. This certificate shall expire on the last day of April in each year and shall be renewed annually if the company has continued to comply with the laws of this state and the rules and regulations of the department. Authority to do an insurance business shall be refused any company which contracts to pay or does pay any part of the premiums arising from insurance it has written or may write as compensation, directly or indirectly, for promoting or organizing the company.

Legislative History

Source: Laws 1913, c. 154, § 31, p. 412; R.S.1913, § 3167; Laws 1919, c. 190, tit. V, art. IV, § 2, p. 591; C.S.1922, § 7767; C.S.1929, § 44-302; R.S.1943, § 44-303; Laws 1957, c. 178, § 12, p. 617; Laws 1965, c. 257, § 1, p. 724; Laws 1989, LB 92, § 93.