§ 44-3313 — Incorporators; certificate of authority; application; contents

Nebraska § 44-3313

• Jurisdiction: Nebraska
• Ch. 44: Insurance

Text

The incorporators shall file with the director an application for a certificate of authority to do business, which shall include or have attached the following:
(1) The names, addresses, and occupations of all incorporators, proposed directors, and officers;
(2) For corporate incorporators, their articles and bylaws and a list of the names, addresses, and occupations of their directors and principal officers and, for the three most recent years, their annual statements and reports;
(3) The proposed articles and bylaws;
(4) All agreements relating to the corporation to which any incorporator, or proposed director or officer is a party;
(5) The amount and sources of the funds available for organization expenses and the proposed arrangements for reimbursement and compensation of incorporators or other persons;
(6) The proposed compensation of directors and officers;
(7) The forms to be used for any contracts between the corporation and its members or other persons concerning the provision of services to insureds;
(8) The proposed minimum amount of surplus;
(9) The plan for conducting the insurance business including all of the following:
(a) The geographical area in which business is intended to be done;
(b) The types of legal expense insurance intended to be written including specification whether and to what extent indemnity rather than service benefits are to be provided;
(c) The proposed marketing methods; and
(d) To the extent required by the director, the proposed method for the establishment of premium rates and other charges to policyholders; and
(10) Such other documents or information as the director reasonably requires.

Legislative History

Source: Laws 1979, LB 52, § 13.