2012 Nebraska Revised Statutes
Chapter 44 - INSURANCE
44-402 - Life insurance; annual valuation of reserves.
The Department of Insurance shall annually value or cause to be valued the reserve liabilities, hereinafter called reserves, for all outstanding life insurance policies and annuity and pure endowment contracts of every domestic life insurance company doing business in this state and shall issue a certificate as to the amount of any such reserves. Any such company, which at any time has adopted any standard of valuation producing greater aggregate reserves than those calculated according to the minimum standard, may, with the approval of the department, adopt any lower standard of valuation but not lower than the minimum standard.
- Laws 1913, c. 154, § 94, p. 437;
R.S.1913, § 3231;
Laws 1919, c. 190, tit. V, art. VI, § 2, p. 618;
C.S.1922, § 7830;
C.S.1929, § 44-502;
Laws 1943, c. 106, § 1(1), p. 354;
R.S.1943, § 44-402;
Laws 1961, c. 221, § 1, p. 654;
Laws 1989, LB 92, § 117;
Laws 1996, LB 969, § 1.
Disclaimer: These codes may not be the most recent version. Nebraska may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
