Nebraska Statutes
§ 44-602 — Over-insurance; procurement unlawful
Nebraska·Ch. 44 Insurance
It shall be unlawful for any party having an insurable interest in property located in this state to knowingly procure any fire insurance policy upon his interest in such property, for an amount in excess of the fair value of his interest in the property, or for an amount which, with any existing insurance thereon, exceeds the fair value of his interest in the property.
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Related
Callahan v. Brant
990 N.W.2d 1 (Nebraska Supreme Court, 2023)
Legislative History
Source: Laws 1913, c. 154, § 110, p. 454; R.S.1913, § 3247; Laws 1919, c. 190, tit. V, art. VIII, § 2, p. 635; C.S.1922, § 7846; C.S.1929, § 44-702; R.S.1943, § 44-602.
Annotations: Where fire insurance policies issued by different insurers contain prohibitions against other insurance and prorating clauses, but no escape clauses, any loss is to be prorated. Kent v. Insurance Co. of North America, 189 Neb. 769, 205 N.W.2d 532 (1973).
Nearby Sections
15
§ 44-1001
Repealed. Laws 1985, LB 508, § 41§ 44-1002
Repealed. Laws 1985, LB 508, § 41§ 44-1003
Repealed. Laws 1985, LB 508, § 41§ 44-1004
Repealed. Laws 1985, LB 508, § 41§ 44-1004.01
Repealed. Laws 1985, LB 508, § 41§ 44-1004.02
Repealed. Laws 1985, LB 508, § 41§ 44-1005
Repealed. Laws 1985, LB 508, § 41§ 44-1006
Repealed. Laws 1985, LB 508, § 41§ 44-1007
Repealed. Laws 1985, LB 508, § 41§ 44-1008
Repealed. Laws 1985, LB 508, § 41§ 44-1009
Repealed. Laws 1985, LB 508, § 41§ 44-1010
Repealed. Laws 1985, LB 508, § 41§ 44-1011
Repealed. Laws 1985, LB 508, § 41