2006 Nebraska Revised Statutes - § 44-508 — Liability insurance; automobiles; bankruptcy of insured; policy provisions; reciprocity.
Section 44-508Liability insurance; automobiles; bankruptcy of insured; policy provisions; reciprocity.
The policies or contracts of insurance covering legal liability for injury to person or persons caused through the ownership, operation, use or maintenance of automobiles issued by any domestic or foreign company shall, if approved by the Department of Insurance, contain a provision to the effect that the insolvency or bankruptcy of the assured shall not release the company from the payment of damages for injury sustained or loss occasioned during the life of the policy, and, in case of such insolvency or bankruptcy, an action may be maintained within the terms and limits of the policy by the injured person or his or her heirs against the insurer company.
Source:
- Laws 1925, c. 124, § 4, p. 330
C.S.1929, § 44-607
~Reissue Revised Statutes of Nebraska
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