210 Neb. Admin. Code, ch. 65, § 021

Current through September 17, 2024
Section 210-65-021

In Section 12b(13) of the model, the first sentence is replaced in its entirety with "Either the reinsurance agreement or the trust agreement must stipulate that assets deposited in the trust account shall be valued according to their current fair market value and shall consist only of cash in United States dollars, certificates of deposit issued by a United States bank and payable in United States dollars, and investments permitted by §§ 44-5123 through 44-5132 and §§ 44-5137 through 44-5141 of the Insurance Code or any combination of the above, provided investments in or issued by an entity controlling, controlled by or under common control with either the grantor or the beneficiary of the trust shall not exceed five percent (5%) of total investments."

210 Neb. Admin. Code, ch. 65, § 021

Adopted effective 3/14/2021