Nebraska § 44-9406 - Disclosures to consumers; required; when; manner.
Full text of Nebraska Revised Statutes of Nebraska § 44-9406 — Disclosures to consumers; required; when; manner., with citation guidance and answers to common questions.
§ 44-9406. Disclosures to consumers; required; when; manner.
(1) Prior to the sale of an innovative insurance product or service to a consumer, the sandbox participant shall disclose the following to the consumer in a clear and conspicuous format in English and Spanish:
(a) The name and contact information of the sandbox participant;
(b) That the innovative insurance product or service is authorized pursuant to the Insurance Regulatory Sandbox Act for a temporary period of one year with a possible extension of one additional year, but for no more than two years;
(c) Any risk to the consumer associated with the purchase of the innovative insurance product or service;
(d) That neither the State of Nebraska nor the Department of Insurance recommends the innovative insurance product or service and that neither the state nor the department is subject to any liability for losses or damages caused by such product or service;
(e) That the consumer may contact the Department of Insurance to file a complaint regarding the innovative insurance product or service. Contact information for the Department of Insurance shall also be provided;
(f) That state insurance insolvency guaranty funds are not available for the innovative insurance product or service; and
(g) Any other statements or additional disclosures that may be required by the Department of Insurance.
(2) The disclosures required by subsection (1) of this section shall be provided to consumers through a written disclosure statement. Sandbox participants shall keep a signed copy of the disclosure statement on file and be able to produce the statement for the department upon request.
(3) Sandbox participants shall also note on any websites, social media postings, advertisements, and promotional materials of any kind all potential risks for consumers associated with the purchase of the innovative insurance product or service.
Frequently Asked Questions About Nebraska § 44-9406
What does Revised Statutes of Nebraska § 44-9406 cover?
Section 44-9406 ("Disclosures to consumers; required; when; manner.") 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 § 44-9406?
A common citation format is "Revised Statutes of Nebraska § 44-9406" (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 § 44-9406 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.