Nebraska § 44-2909 - Association; requirements to transact business.
Full text of Nebraska Revised Statutes of Nebraska § 44-2909 — Association; requirements to transact business., with citation guidance and answers to common questions.
§ 44-2909. Association; requirements to transact business.
No association organized under the Nebraska Hospital and Physicians Mutual Insurance Association Act shall transact the business of insurance until:
(1) Its articles and bylaws have been approved by the Director of Insurance and the articles filed as required by section 44-2906;
(2) It has filed with the director acceptable evidence that it has and will maintain a minimum surplus aggregating at least five hundred thousand dollars in cash in the investments authorized under the Insurers Investment Act or a letter of credit issued by a Nebraska banking institution in accordance with loan restrictions prescribed by the laws of this state;
(3) All policies, applications, and other forms together with all manuals and rates to be used have been filed and approved as provided in the Property and Casualty Insurance Rate and Form Act;
(4) A certificate of authority has been issued to the association as provided in section 44-303; and
(5) It has received at least five applications for policies in a hospital association or at least two hundred applications for policies in a physicians association.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 44-2909
What does Revised Statutes of Nebraska § 44-2909 cover?
Section 44-2909 ("Association; requirements to transact business.") 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 § 44-2909?
A common citation format is "Revised Statutes of Nebraska § 44-2909" (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 § 44-2909 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.