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Code · Nebraska · Chapter 44 — Insurance

44-401.01. Domestic property and casualty insurance companies; loss reserves.

57 words·~1 min read·/ne/chapter-44/44-401-01

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Loss reserves for domestic property and casualty insurance companies shall be set at the present value of estimated future payments if
(1)a complete settlement between the claimant and the insured or insurer has been agreed upon,
(2)all payments due the claimant have not yet been made, and
(3)the payments are structured as an annuity.
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