44-2125. Investments in subsidiary; disposal; when.
78 words·~1 min read·
/ne/chapter-44/44-2125A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If an insurer ceases to control a subsidiary, it shall dispose of any investment made in the subsidiary pursuant to sections 44-2122 to 44-2124 within three years from the time of the cessation of control or within such further time as the director may prescribe unless, at any time after such investment has been made, such investment has met the requirements for investment under any other provision of Chapter 44 and the insurer has notified the director thereof.