Nebraska Administrative Code
Topic - INSURANCE, DEPARTMENT OF
Title 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 73 - EXEMPT COMMERCIAL POLICYHOLDERS
Section 210-73-001 - Purpose and scope
Universal Citation: 210 NE Admin Rules and Regs ch 73 ยง 001
Current through September 17, 2024
001.01 The purpose of this chapter is to implement sections 15 and 16 of LB 1119, passed in the 2000 session of the Nebraska Legislature and codified at Neb.Rev.Stat. §§ 44-7515 and 44-7516, which require the director of insurance to adopt rules that:
(1) Modify or eliminate requirements for
insurers to use filed rates and approved policy forms for commercial lines
property and casualty insurance sold to certain commercial policyholders under
common ownership; and
(2) Allow
certain exempt commercial policyholders to be exempt from those provisions of
Neb.Rev.Stat. §§
44-5510
and 55-5511 that require, as a condition for the purchase of insurance from a
nonadmitted insurer, that the applicant demonstrate an inability to obtain
insurance from a licensed insurer.
001.02 This chapter includes rate filing and form approval and surplus lines access exemptions for the lines, types and classes of commercial lines property and casualty insurance filed pursuant to Neb.Rev.Stat. § 44-7508, and workers' compensation insurance, medical professional liability insurance, and insurance covering farms and ranches, including crop insurance.
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