For purposes of Chapter 44, unless the context otherwise requires, insurance shall mean a contract whereby one party, called the insurer, for a consideration, undertakes to pay money or its equivalent or to do an act valuable to another party, called the insured, or to his or her beneficiary, upon the happening of the hazard or peril insured against whereby the party insured or his or her beneficiary suffers loss or injury.
Neb. Rev. Stat. § 44-102
Insurance, defined
Applied in 5 court decisions — leading case American Family Mutual Insurance v. Hadley (2002)
Most recently applied in Citizens of Humanity v. Applied Underwriters (April 2018)
Laws 1913, c. 154, § 1, p. 394; R.S.1913, § 3137; Laws 1919, c. 190, tit
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.