247 Neb. Admin. Code, ch. 15, § 003

Current through September 17, 2024
Section 247-15-003 - DEFINITIONS
003.01Automobile liability insurance policy

Automobile liability insurance policy means an owner's or operator's policy of liability insurance, as provided in Neb. Rev. Stat. § 60-501(10) as proof of financial responsibility, and issued by an insurer or insurer group duly authorized to do business in this state, to or for the benefit of the person named therein as insured. This shall also include motorcycle liability policies and liability policies including an SR-22 filing.

003.02Commercial lines policy

Commercial lines policy means insurance coverage for businesses, institutions, organizations, associations and professionals as reported to the Department of Insurance on the Combined Annual Statement Nebraska State Business Page as Other Commercial Auto Liability.

003.03Department

Department means the Nebraska Department of Motor Vehicles.

003.04Department of Insurance

Department of Insurance means the Nebraska Department of Insurance.

003.05Excess liability policy

Excess liability policy means a liability policy other than an automobile liability policy that has the ability to respond in damages for a stated amount above and beyond the liability limits of the underlying automobile liability policy.

003.06In force

In force means the ability to respond in damages for liability through the automobile liability policy expiration date.

003.07Insurer

Insurer means any company, whether organized as a stock, mutual, assessment, or any other entity authorized to transact the business of automobile liability insurance in Nebraska and which issues such insurance policies in this state and insurance company as provided in Neb. Rev. Stat. § 60-3,137.

003.08Insurer group

Insurer group means a group of insurers under the same ownership.

003.09NAIC number (#)

NAIC number (#) means the insurer's National Association of Insurance Commissioner's identification number.

003.10Optional reporting

Optional reporting means that reporting which insurers may, but are not required, to transmit to the Department.

003.11Motorboat

Motorboat means a motorboat as defined by Neb. Rev. Stat. § 37-1204.

003.12Personal watercraft

Personal watercraft means a class of motorboat as defined by Neb. Rev. Stat. § 37-1204.01.

003.13Physical damage only policy

Physical damage only policy means an automobile liability policy that provides for the ability to respond in damages for physical damage only and not for bodily injury or death.

003.14Record

Record means the information in each automobile liability insurance policy pertaining to each insured vehicle, not each insurance policy. Each record shall include, but not be limited to, the NAIC number, vehicle identification number, policy number, policy expiration date and policyholder name.

003.15Reporting

Reporting means the transfer of automobile liability insurance policy records to the Department.

003.16Required reporting

Required reporting means those records which insurers are required to transmit to the Department.

003.17Self insurer

Self insurer means any person qualifying as a self-insurer pursuant to Neb. Rev. Stat. §§ 60-562 to 60-564.

003.18Snowmobile

Snowmobile means a snowmobile as defined by Neb. Rev. Stat. § 60-663.

003.19SR-22

SR-22 means proof of financial responsibility in accordance with Neb. Rev. Stat. § 60-529.

003.20Trailer

Trailer means a trailer as defined by Neb. Rev. Stat. § 60-501(4) and a cabin trailer as defined by Neb. Rev. Stat. § 60-614.

003.21Vehicles not required to be registered

Vehicles not required to be registered means vehicles exempt from registration pursuant to Neb. Rev. Stat. § 60-339.

003.22Vehicle title and registration system

Vehicle title and registration system means the computerized title and registration system maintained by the Department.

247 Neb. Admin. Code, ch. 15, § 003