44-4315. Risk management pool; applicability of insurance laws.
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/ne/chapter-44/44-4315A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other provision of law to the contrary,
(1)any risk management pool organized pursuant to the Intergovernmental Risk Management Act shall not be considered an insurance company or insurer under the laws of this state,
(2)any agreement forming a risk management pool or providing group self-insurance coverages to its members shall not constitute insurance or the conduct of an insurance business, and
(3)no risk management pool organized pursuant to the Intergovernmental Risk Management Act shall be a member of the Nebraska Life and Health Insurance Guaranty Association or the Nebraska Property and Liability Insurance Guaranty Association.