Nebraska § 44-602 - Over-insurance; procurement unlawful.
Full text of Nebraska Revised Statutes of Nebraska § 44-602 — Over-insurance; procurement unlawful., with citation guidance and answers to common questions.
§ 44-602. Over-insurance; procurement unlawful.
It shall be unlawful for any party having an insurable interest in property located in this state to knowingly procure any fire insurance policy upon his interest in such property, for an amount in excess of the fair value of his interest in the property, or for an amount which, with any existing insurance thereon, exceeds the fair value of his interest in the property.
Where fire insurance policies issued by different insurers contain prohibitions against other insurance and prorating clauses, but no escape clauses, any loss is to be prorated. Kent v. Insurance Co. of North America, 189 Neb. 769, 205 N.W.2d 532 (1973).
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 44-602
What does Revised Statutes of Nebraska § 44-602 cover?
Section 44-602 ("Over-insurance; procurement unlawful.") 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 § 44-602?
A common citation format is "Revised Statutes of Nebraska § 44-602" (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 § 44-602 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.