Nebraska § 44-325 Domestic insurer; dividends; payment; limitation

Nebraska Statutes

§ 44-325 — Domestic insurer; dividends; payment; limitation

Nebraska § 44-325

Ch. 44Insurance

This text of Nebraska § 44-325 (Domestic insurer; dividends; payment; limitation) 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. § 44-325 (2026).

Text

No domestic insurer shall declare or pay a dividend from any source other than earned surplus. For purposes of this section, earned surplus means an amount equal to the unassigned funds of an insurer as set forth in the most recent annual statement of the insurer submitted to the Director of Insurance including any surplus arising from unrealized capital gains or revaluation of assets.
Any dividend in excess of the unassigned funds of an insurer, excluding any surplus arising from unrealized capital gains or revaluation of assets, shall be deemed an extraordinary dividend and shall be subject to the requirements of section  44-2134 .

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No domestic insurer shall declare or pay a dividend from any source other than earned surplus. For purposes of this section, earned surplus means an amount equal to the unassigned funds of an insurer as set forth in the most recent annual statement of the insurer submitted to the Director of Insurance including any surplus arising from unrealized capital gains or revaluation of assets.
Any dividend in excess of the unassigned funds of an insurer, excluding any surplus arising from unrealized capital gains or revaluation of assets, shall be deemed an extraordinary dividend and shall be subject to the requirements of section 44-2134 .

Legislative History

Source: Laws 1913, c. 154, § 53, p. 420; R.S.1913, § 3189; Laws 1919, c. 190, tit. V, art. IV, § 24, p. 599; C.S.1922, § 7789; C.S.1929, § 44-324; R.S.1943, § 44-325; Laws 1976, LB 916, § 2; Laws 1996, LB 689, § 1.