Statutes, codes, and regulations
Revised Statutes of Nebraska
Chapter 44 - INSURANCE
Article 6 - GENERAL PROVISIONS COVERING FIRE INSURANCE COMPANIES
Section 44-601 - Over-insurance; policies for more than five years prohibited

Neb. Rev. Stat. § 44-601

Download
PDF
Current with changes from the 2024 legislative session enacted on or before 4/18/2024
Section 44-601 - Over-insurance; policies for more than five years prohibited

It shall be unlawful for any insurance company or any agent to knowingly issue any fire insurance policy upon property within this state for an amount which, with any existing insurance, exceeds the fair value of the property or of the interest of the insured therein, or for a longer time than for five years, except as provided in section 44-812.

Neb. Rev. Stat. § 44-601

Laws 1913, c. 154, § 109, p. 454; R.S.1913, § 3246; Laws 1919, c. 190, tit. V, art. VIII, § 1, p. 634; C.S.1922, § 7845; C.S.1929, § 44-701; R.S.1943, § 44-601.