Nebraska § 44-402.01 Life insurance; reserves; separate
accounts; establish; procedure

Nebraska Statutes

§ 44-402.01 — Life insurance; reserves; separate accounts; establish; procedure

Nebraska § 44-402.01

Ch. 44Insurance

This text of Nebraska § 44-402.01 (Life insurance; reserves; separate accounts; establish; procedure) 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. § 44-402.01 (2026).

Text

Any domestic life insurance
company, including, for the purposes of sections  44-402.01  to  44-402.05 , all
domestic fraternal benefit societies which operate on a legal reserve basis,
may, after adoption of a resolution by its board of directors and upon approval of the Director
of Insurance, establish one or more separate accounts and may allocate thereto
amounts, including without limitation proceeds applied under optional modes
of settlement or under dividend options, to provide for life insurance and
benefits incidental thereto, payable in fixed or variable amounts or both,
and may, upon approval of the director, guarantee the value of the assets
allocated to a separate account.

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Any domestic life insurance
company, including, for the purposes of sections 44-402.01 to 44-402.05 , all
domestic fraternal benefit societies which operate on a legal reserve basis,
may, after adoption of a resolution by its board of directors and upon approval of the Director
of Insurance, establish one or more separate accounts and may allocate thereto
amounts, including without limitation proceeds applied under optional modes
of settlement or under dividend options, to provide for life insurance and
benefits incidental thereto, payable in fixed or variable amounts or both,
and may, upon approval of the director, guarantee the value of the assets
allocated to a separate account.