Neb. Rev. Stat. §§ 44-3005

Current with changes through the 2024 First Special Legislative Session

Section 44-3005 - Director of Insurance; powers

The Director of Insurance may, at his or her discretion, make an order:

(1) Limiting an insurer's death master file comparisons required under section 44-3003 to the insurer's electronic searchable files or approving a plan and timeline for conversion of the insurer's files to electronic files;

(2) Exempting an insurer from death master file comparisons required under section 44-3003 or permitting an insurer to perform such comparisons on only certain policies or retained asset accounts or to perform such comparisons less frequently than semiannually upon a demonstration of hardship by the insurer; or

(3) Phasing in compliance with the Unclaimed Life Insurance Benefits Act according to a plan adopted and published by the director.

Neb. Rev. Stat. §§ 44-3005

Laws 2017, LB 137, § 5.

Added by Laws 2017, LB 137,§ 5, eff. 1/1/2018, op. 1/1/2018.