Nebraska § 44-369 - Premium notes; sale or pledge before delivery of policy; prohibited.
Full text of Nebraska Revised Statutes of Nebraska § 44-369 — Premium notes; sale or pledge before delivery of policy; prohibited., with citation guidance and answers to common questions.
§ 44-369. Premium notes; sale or pledge before delivery of policy; prohibited.
It shall be unlawful for any company or agent thereof to hypothecate, sell or dispose of a promissory note, received in payment for any part of a premium on a policy of insurance applied for under the provisions of this chapter, prior to the delivery of the policy to the applicant.
Sale or pledge of note given for insurance premium is unlawful prior to delivery of policy. Standard Investment Co. v. Fisher, 126 Neb. 394, 253 N.W. 427 (1934).
Evidence was insufficient to show good faith in the purchase of note which was bought before insurance policy delivered. State Bank v. House, 114 Neb. 681, 209 N.W. 246 (1926).
A bank purchasing with full knowledge that the note was given to pay insurance prior to delivery of policy is not a bona fide holder and cannot recover thereon. Stockmen's State Bank v. Fisher, 106 Neb. 525, 184 N.W. 55 (1921).
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 44-369
What does Revised Statutes of Nebraska § 44-369 cover?
Section 44-369 ("Premium notes; sale or pledge before delivery of policy; prohibited.") 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 § 44-369?
A common citation format is "Revised Statutes of Nebraska § 44-369" (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 § 44-369 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.