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·Ch. 44 Insurance

(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.

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