210 Neb. Admin. Code, ch. 73, § 001

Current through September 17, 2024
Section 210-73-001 - Purpose and scope
001.01 The purpose of this chapter is to implement sections 15 and 16 of LB 1119, passed in the 2000 session of the Nebraska Legislature and codified at Neb.Rev.Stat. §§ 44-7515 and 44-7516, which require the director of insurance to adopt rules that:
(1) Modify or eliminate requirements for insurers to use filed rates and approved policy forms for commercial lines property and casualty insurance sold to certain commercial policyholders under common ownership; and
(2) Allow certain exempt commercial policyholders to be exempt from those provisions of Neb.Rev.Stat. §§ 44-5510 and 55-5511 that require, as a condition for the purchase of insurance from a nonadmitted insurer, that the applicant demonstrate an inability to obtain insurance from a licensed insurer.
001.02 This chapter includes rate filing and form approval and surplus lines access exemptions for the lines, types and classes of commercial lines property and casualty insurance filed pursuant to Neb.Rev.Stat. § 44-7508, and workers' compensation insurance, medical professional liability insurance, and insurance covering farms and ranches, including crop insurance.

210 Neb. Admin. Code, ch. 73, § 001