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2021 Nebraska Revised Statutes
Chapter 44 - Insurance
44-3106 - Certificate of authority; issued, when; minimum surplus.
Universal Citation: NE Code § 44-3106 (2021)
44-3106. Certificate of authority; issued, when; minimum surplus.
No professional association mutual insurance company shall be issued a certificate of authority to do any business in this state until it has filed with the director acceptable evidence that it has and will maintain a minimum surplus aggregating at least five hundred thousand dollars in cash in the investments authorized under the Insurers Investment Act or a letter of credit issued by a Nebraska banking institution in accordance with loan restrictions prescribed by the laws of this state.
Source
- Laws 1978, LB 656, § 6;
- Laws 1991, LB 237, § 68.
Cross References
- Insurers Investment Act, see section 44-5101.
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