Nebraska § 44-218 - Mutual company; limitation of liability.
Full text of Nebraska Revised Statutes of Nebraska § 44-218 — Mutual company; limitation of liability., with citation guidance and answers to common questions.
§ 44-218. Mutual company; limitation of liability.
The liability of a member of a mutual company shall be limited to the premiums stated in the policy.
Assessments conformed to statute and could be recovered by company in action against policyholder. Nebraska Mutual Ins. Co. v. Borden, 132 Neb. 656, 272 N.W. 767 (1937).
Assessment in excess of limitation herein prescribed is at least partially invalid, and failure to pay same is no defense to action on policy. Hobza v. State Farmers Ins. Co., 125 Neb. 776, 252 N.W. 214 (1934).
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 44-218
What does Revised Statutes of Nebraska § 44-218 cover?
Section 44-218 ("Mutual company; limitation of liability.") is part of the Revised Statutes of Nebraska, the codified statutory law of Nebraska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nebraska § 44-218?
A common citation format is "Revised Statutes of Nebraska § 44-218" (Nebraska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nebraska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nebraska official source linked on this page or consult a licensed Nebraska attorney.
How does Nebraska § 44-218 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nebraska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nebraska.