Nebraska § 44-5114 Prohibited investments

Nebraska Statutes

§ 44-5114 — Prohibited investments

Nebraska § 44-5114

Ch. 44Insurance

This text of Nebraska § 44-5114 (Prohibited investments) 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. § 44-5114 (2026).

Text

An insurer shall not invest in:

(1)Issued shares of its own capital stock except with the written permission of the director. Such permission may be granted if the purpose of the acquisition is:

(a)In connection with the lawful plan for mutualization of the insurer;

(b)In furtherance of a retirement, pension, or incentive program for officers or employees of the insurer which has been approved by the shareholders; or

(c)Shown to be for the benefit of all shareholders. Any share acquired pursuant to this subdivision shall not be considered an admitted asset; and

(2)Any investment which is found by the director to be designed to evade any provision of the Insurers Investment Act.

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An insurer shall not invest in:
(1) Issued shares of its own capital stock except with the written permission of the director. Such permission may be granted if the purpose of the acquisition is:
(a) In connection with the lawful plan for mutualization of the insurer;
(b) In furtherance of a retirement, pension, or incentive program for officers or employees of the insurer which has been approved by the shareholders; or
(c) Shown to be for the benefit of all shareholders.
Any share acquired pursuant to this subdivision shall not be considered an admitted asset; and
(2) Any investment which is found by the director to be designed to evade any provision of the Insurers Investment Act.