Section 210-80-007 - Investment Management of the Segregated Portfolio007.01 The investment manager must have full responsibility for, and control over, the management of all segregated portfolio assets within the constraints specified in the investment guidelines.007.02 The investment guidelines shall be submitted to the insurer for underwriting review before the contract becomes effective.007.03 If the insurer accepts a proposed change to the investment guidelines or allows the contract to operate in accordance with investment guidelines not meeting the criteria established in Subsection 005.03A(7), approval of the non-conforming investment guidelines must be obtained pursuant to Subsection 005.04.210 Neb. Admin. Code, ch. 80, § 007