Nebraska § 44-7522 Advisory organizations; authorized activities

Nebraska Statutes

§ 44-7522 — Advisory organizations; authorized activities

Nebraska § 44-7522

Ch. 44Insurance

This text of Nebraska § 44-7522 (Advisory organizations; authorized activities) 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. § 44-7522 (2026).

Text

An advisory organization may, for the lines of insurance for which it has been licensed:

(1)Engage in those activities enumerated in section 44-7521 ;

(2)Prepare, file, and distribute prospective loss costs;

(3)Prepare, file, and distribute manuals of rating rules, rating schedules, experience rating plans and other supplementary rating information that do not include final rates, expense provisions, profit provisions, or minimum premiums;

(4)Prepare and distribute experience rating plan modifiers for individual policyholders;

(5)Prepare, file, and distribute factors, calculations, or formulas pertaining to classification, territory, and other variables;

(6)Prepare, file, and distribute increased limits factors, which may include an incremental profit load, also called a risk load;

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An advisory organization may, for the lines of insurance for which it has been licensed:
(1) Engage in those activities enumerated in section 44-7521 ;
(2) Prepare, file, and distribute prospective loss costs;
(3) Prepare, file, and distribute manuals of rating rules, rating schedules, experience rating plans and other supplementary rating information that do not include final rates, expense provisions, profit provisions, or minimum premiums;
(4) Prepare and distribute experience rating plan modifiers for individual policyholders;
(5) Prepare, file, and distribute factors, calculations, or formulas pertaining to classification, territory, and other variables;
(6) Prepare, file, and distribute increased limits factors, which may include an incremental profit load, also called a risk load;
(7) Conduct research and inspections in order to prepare classifications of public fire defenses or to evaluate the effectiveness of building codes and their enforcement;
(8) Conduct inspections to determine rating classifications for individual insureds;
(9) Consult with public officials regarding public fire protection as it would affect members, subscribers, and others;
(10) Conduct research in order to discover, identify, and classify information relating to causes or prevention of losses;
(11) Prepare, file, and distribute policy forms and gather information from members, subscribers, and others relative to the application and interpretation of the policy forms;
(12) Conduct research and inspections for the purpose of providing risk information relating to individual structures;
(13) If instructed by the director, file rates instead of prospective loss costs for assigned risk or other residual market mechanisms;
(14) Conduct research to determine the impact of statutory changes upon prospective loss costs;
(15) Undertake educational activities on the use of policy forms, analysis of losses, loss trends, loss reserves, expenses, and other policy form and ratemaking topics;
(16) For workers' compensation insurance, establish a committee that may include insurance company representatives to review the application of the classification system for individual insureds and to suggest modifications to the classification system;
(17) Distribute any other information that is filed with the director; and
(18) Furnish any other services approved or directed by the director related to the services enumerated in this section.