(1) The insurance laws of this state shall not apply to captive insurers except as permitted in the Captive Insurers Act. (2) The following provisions of Chapter 44 apply to captive insurers: (a) The Insurers Examination Act; (b) Sections 44-101 , 44-101.01 , 44-102 , 44-103 , 44-114 , 44-116 , 44-154 , 44-205.01 , 44-231 , 44-301 , 44-318 , 44-320 , 44-326 , and 44-360 ; and (c) The Nebraska Insurers Supervision, Rehabilitation, and Liquidation Act. Such act shall only apply to a captive insurer that provides insurance and reinsurance to a parent or affiliated entity that is an insurer.
Neb. Rev. Stat. § 44-8218
Applicability of insurance laws
Applied in 1 court decision — leading case 78 Mass. App. Ct. 376 - Lemos v. Electrolux North America, Inc. (2010)
Most recently applied in 78 Mass. App. Ct. 376 - Lemos v. Electrolux North America, Inc. (December 2010)
Laws 2007, LB117, § 52.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.