Nebraska Administrative Code
Topic - INSURANCE, DEPARTMENT OF
Title 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 61 - UNFAIR LIFE, SICKNESS AND ACCIDENT CLAIMS SETTLEMENT PRACTICES RULE
Section 210-61-005 - Misrepresentation of policy provisions
Current through March 20, 2024
005.01 Not agent or insurer shall knowingly misrepresent or conceal from claimants, any pertinent benefits, coverages, or other provisions of any insurance policy or certificate when such benefits, coverages or other provisions are pertinent to a claim.
005.02 No insurer shall indicate to a claimant on a payment draft, check or in any accompanying letter that said payment is "final" or is "a release" of any claim(s) unless such is the case, or the policy limit has been paid, or there has been a compromise settlement agreed to by the claimant and the insurer as to coverage and amount payable under the insurance policy or certificate.
005.03 No insurer shall issue checks or drafts in partial settlement of a claim under a specific coverage that contains language purporting to release the insurer from total liability.
