Section 47-2-003 - INSURANCE TO COVER OPERATIONAL RISKS003.01 To cover the operational risks of the digital asset depository, a digital asset depository shall maintain appropriate insurance or bond coverage, which shall include coverage for directors' and officers' liability, errors and omissions liability, and information technology infrastructure and activities liability, in the amount of ten million dollars ($10,000,000.00).003.02 The Director shall have the discretion to increase or decrease the required amount of insurance or bonds, as may be required to ensure the digital asset depository's continued safety and soundness. In making the determination to require an increase or allow a decrease under this Section, the Director may consider the depository's call reports, examinations, investigations, or any other indicia of financial condition that may provide information as to the depository's ongoing safety and soundness.47 Neb. Admin. Code, ch. 2, § 003
Adopted effective 5/29/2024