Nebraska § 44-8912 Director; exempt specific product
forms or product lines; provisions applicable

Nebraska Statutes

§ 44-8912 — Director; exempt specific product forms or product lines; provisions applicable

Nebraska § 44-8912

Ch. 44Insurance

This text of Nebraska § 44-8912 (Director; exempt specific product forms or product lines; provisions applicable) 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. § 44-8912 (2026).

Text

(1)The director may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in this state from the requirements of section 44-8908 if:

(a)The director has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and

(b)The company computes reserves using assumptions and methods used prior to the operative date of the valuation manual designated in subsection (2) of section 44-8908 in addition to any requirements established by the director and by rule and regulation.

(2)For any company granted an exemption under this section, sections 44-420 to 44-427 , 44-8906 , and 44-8907 shall be applicable. With respect to any company applying this exemption, any reference to section 44

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(1) The director may exempt specific product
forms or product lines of a domestic company that is licensed and doing business
only in this state from the requirements of section 44-8908 if:
(a) The director has issued
an exemption in writing to the company and has not subsequently revoked the
exemption in writing; and
(b)
The company computes reserves using assumptions and methods used prior to
the operative date of the valuation manual designated in subsection (2) of
section 44-8908 in addition to any requirements established by the director
and by rule and regulation.
(2)
For any company granted an exemption under this section, sections 44-420 to 44-427 , 44-8906 , and 44-8907 shall be applicable. With respect to any company
applying this exemption, any reference to section 44-8908 found in such sections
shall not be applicable.