Nebraska § 44-809 Membership fees; amount; purpose

Nebraska Statutes

§ 44-809 — Membership fees; amount; purpose

Nebraska § 44-809

Ch. 44Insurance

This text of Nebraska § 44-809 (Membership fees; amount; purpose) 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. § 44-809 (2026).

Text

Every such association may collect, at the time of the issuing of a policy, a membership fee not exceeding five dollars, and, if insuring property, a percentage of the amount insured not exceeding two and one-half percent, as an advance assessment, as the bylaws may provide. From the amount so collected, a contingency fund may be created, and such fund may be maintained and added to from any other funds collected by the company in the manner provided in the bylaws.

Free access — add to your briefcase to read the full text and ask questions with AI

Every such association may collect, at the time of the issuing of a policy, a membership fee not exceeding five dollars, and, if insuring property, a percentage of the amount insured not exceeding two and one-half percent, as an advance assessment, as the bylaws may provide. From the amount so collected, a contingency fund may be created, and such fund may be maintained and added to from any other funds collected by the company in the manner provided in the bylaws.

Legislative History

Source: Laws 1913, c. 154, § 131, p. 464; R.S.1913, § 3268; Laws 1919, c. 190, tit. V, art. X, § 8, p. 645; C.S.1922, § 7867; C.S.1929, § 44-908; Laws 1931, c. 88, § 1, p. 249; C.S.Supp.,1941, § 44-908; R.S.1943, § 44-809. Annotations: Under facts herein, insurance company is not an assessment association. Western Life & Accident Co. v. State Ins. Board, 101 Neb. 152, 162 N.W. 530 (1917).