There is a newer version of the Nebraska Revised Statutes
2006 Nebraska Revised Statutes - § 44-602 — Over-insurance; procurement unlawful.
Section 44-602Over-insurance; procurement unlawful.
It shall be unlawful for any party having an insurable interest in property located in this state to knowingly procure any fire insurance policy upon his interest in such property, for an amount in excess of the fair value of his interest in the property, or for an amount which, with any existing insurance thereon, exceeds the fair value of his interest in the property.
Source:
- Laws 1913, c. 154, § 110, p. 454
R.S.1913, § 3247
Laws 1919, c. 190, tit. V, art. VIII, § 2, p. 635
C.S.1922, § 7846
C.S.1929, § 44-702
- Where fire insurance policies issued by different insurers contain prohibitions against other insurance and prorating clauses, but no escape clauses, any loss is to be prorated. Kent v. Insurance Co. of North America, 189 Neb. 769, 205 N.W.2d 532 (1973).
~Reissue Revised Statutes of Nebraska
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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.