2006 Nebraska Revised Statutes - § 44-402 — Life insurance; annual valuation of reserves.
Section 44-402Life 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.
Source:
- 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
~Reissue Revised Statutes of Nebraska
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