Nebraska Administrative Code
Topic - INSURANCE, DEPARTMENT OF
Title 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 6 - DEPOSIT OF SECURITIES; DEFINITIONS; AUTHORIZED DEPOSITORIES; MANNER OF DEPOSITING AND WITHDRAWING SECURITIES; INSURANCE
Section 210-6-005 - Withdrawal - procedure - generally

Securities deposited with either the Department or an authorized depository shall be released only upon surrender of the department receipt. In the event such receipt is lost or destroyed, an officer of the insurer must file an affidavit stating the reasons for failure to surrender said receipt, and indicating the securities to be released. In the event the insurer desires to withdraw only a portion of the securities described on a department receipt, the Department upon surrender of said receipt or upon filing of the affidavit aforementioned, shall issue its receipt for the securities remaining on deposit as described in the Department's copy of the applicable receipt. Except as hereinafter provided, no securities shall be released if the aggregate value of all securities on deposit will fall below the amount required by law, until an equivalent amount is first deposited with the Department or an authorized depository. In the event of maturity or other good cause being shown, the Department may release securities on deposit, even though the aggregate value will fall below the amount required by law upon the condition that the securities released will be sold, and the proceeds reinvested in securities to be immediately deposited with the Department or an authorized depository.