44-9002. Purposes of act; applicability.
72 words·~1 min read·
/ne/chapter-44/44-9002A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The purposes of the Risk Management and Own Risk and Solvency Assessment Act are to provide requirements for maintaining a risk management framework and completing an own risk and solvency assessment and to provide guidance and instructions for filing an own risk and solvency assessment summary report with the director.
(2)The requirements of the act apply to all insurers domiciled in this state unless exempt pursuant to section 44-9008 .