No certificate or policy of an assessment association, insuring property, shall cover a longer period than five years from its date, unless such assessment association shall provide in its bylaws for readjustment or reappraisement of such property insured at least once in five years.
Neb. Rev. Stat. § 44-812
Policies; maximum coverage; exceptions
Laws 1913, c. 154, § 134, p. 465; R.S.1913, § 3271; Laws 1919, c. 190, tit
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.