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Code · Nebraska · Chapter 44 — Insurance

44-8212. Credit for reserves ceded to reinsurer.

96 words·~1 min read·/ne/chapter-44/44-8212

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(1)Except as otherwise provided in subsection
(2)of this section, any captive insurer authorized to do business in this state may take credit for reserves on risks ceded to a reinsurer pursuant to the provisions of sections 44-416.05 to 44-416.10 and any rules and regulations adopted and promulgated under such sections.
(2)Notwithstanding the provisions of subsection
(1)of this section, any captive insurer may cede risks to a reinsurer not meeting the standards of sections 44-416.05 to 44-416.10 and may take reserve credits if the captive insurer receives prior written approval from the director.
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