Neb. Rev. Stat. §§ 44-3106

Current with changes through the 2024 First Special Legislative Session
Section 44-3106 - Certificate of authority; issued, when; minimum surplus

No professional association mutual insurance company shall be issued a certificate of authority to do any business in this state until it has filed with the director acceptable evidence that it has and will maintain a minimum surplus aggregating at least five hundred thousand dollars in cash in the investments authorized under the Insurers Investment Act or a letter of credit issued by a Nebraska banking institution in accordance with loan restrictions prescribed by the laws of this state.

Neb. Rev. Stat. §§ 44-3106

Laws 1978, LB 656, § 6; Laws 1991, LB 237, § 68.