Nebraska § 44-5109 - Investments in name of insurer.
Full text of Nebraska Revised Statutes of Nebraska § 44-5109 — Investments in name of insurer., with citation guidance and answers to common questions.
§ 44-5109. Investments in name of insurer.
An insurer's investments shall be held in its own name or the name of its nominee, except that:
(1) Investments may be held in the name of a clearing corporation, a custodian, or the nominee of either on the following conditions:
(a) The clearing corporation, custodian, or nominee shall be legally authorized to hold the particular investment for the account of others;
(b) Security certificates held by the custodian shall be held separate from the security certificates of the custodian and of all its other customers; and
(c) Securities held indirectly by the custodian and securities in a clearing corporation shall be separately identified on the custodian's official records as being owned by the insurer. The records shall identify which securities are held by the custodian or by its agent and which securities are in a clearing corporation. If the securities are in a clearing corporation, the records shall also identify where the securities are and if in a clearing corporation, the name of the clearing corporation, and if through an agent, the name of the agent; and
(2) An insurer may participate through a member bank in the Federal Reserve book-entry system. The records of the member bank shall at all times show that the investments are held for the insurer or for specific accounts of the insurer.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 44-5109
What does Revised Statutes of Nebraska § 44-5109 cover?
Section 44-5109 ("Investments in name of insurer.") 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 § 44-5109?
A common citation format is "Revised Statutes of Nebraska § 44-5109" (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 § 44-5109 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.