Nebraska Administrative Code
Topic - INSURANCE, DEPARTMENT OF
Title 210 - NEBRASKA DEPARTMENT OF INSURANCE
Chapter 73 - EXEMPT COMMERCIAL POLICYHOLDERS
Section 210-73-004 - Exemptions applicable to policies of insurance sold to exempt commercial policyholders

Universal Citation: 210 NE Admin Rules and Regs ch 73 ยง 004

Current through September 17, 2024

004.01 Exemptions applicable to Class RFS policyholders

(1) As permitted by Neb.Rev.Stat. § 44-7515, an insurer shall not be required to use filed rates and approved policy forms for commercial lines property and casualty insurance policies insuring Class RFS policyholders. The provisions of this chapter regarding the regulation of policy forms shall not apply to an exempt commercial policyholder that is also a qualifying multistate commercial policyholder as defined pursuant to Chapter 75.

(2) As permitted by Neb.Rev.Stat. § 44-7516, a Class RFS policyholder is exempt from those provisions of §§ 44-5510 and 44-5511 that require, as a condition for the purchase of insurance from a nonadmitted insurer, that applicants demonstrate inability to obtain insurance from a licensed insurer. This exemption shall not apply to workers' compensation insurance, excess workers' compensation insurance, or automobile liability insurance. This exemption may apply to automobile liability insurance purchased as excess insurance over a policy that provides limits that are at least equal to the minimum limits of liability required by Neb.Rev.Stat. § 60-534.

004.02 Exemptions applicable to Class RF policyholders

As permitted by Neb.Rev.Stat. § 44-7515, an insurer shall not be required to use filed rates and approved policy forms for commercial lines property and casualty insurance policies insuring Class RF policyholders. The provisions of this chapter regarding the regulation of policy forms shall not apply to an exempt commercial policyholder that is also a qualifying multistate commercial policyholder as defined pursuant to Chapter 75.

004.03 Exemptions applicable to Class R policyholders

As permitted by Neb.Rev.Stat. § 44-7515, an insurer shall not be required to use filed rates for commercial lines property and casualty insurance policies insuring Class R policyholders.

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