Nebraska § 45-1102 - Purpose of act; exclusions from act; exemption from insurance requirements.
Full text of Nebraska Revised Statutes of Nebraska § 45-1102 — Purpose of act; exclusions from act; exemption from insurance requirements., with citation guidance and answers to common questions.
§ 45-1102. Purpose of act; exclusions from act; exemption from insurance requirements.
(1) The purpose of the Guaranteed Asset Protection Waiver Act is to provide a framework within which guaranteed asset protection waivers are offered, sold, and provided in this state.
(2) The act does not apply to:
(a) An insurance policy offered by an insurer under the insurance laws of this state;
(b) A debt cancellation or debt suspension contract being offered in compliance with 12 C.F.R. part 37 or 12 C.F.R. part 721 or other federal law as such part or law existed on July 15, 2010; or
(c) Guaranteed asset protection waivers offered, sold, or provided to borrowers by a financial institution.
(3) Guaranteed asset protection waivers governed under the Guaranteed Asset Protection Waiver Act are not insurance and are exempt from the insurance laws of this state. Persons marketing, selling, or offering to sell guaranteed asset protection waivers to borrowers that comply with the act are exempt from this state's insurance licensing requirements.
Source: official Nebraska text · Last verified 2026-08-27
Frequently Asked Questions About Nebraska § 45-1102
What does Revised Statutes of Nebraska § 45-1102 cover?
Section 45-1102 ("Purpose of act; exclusions from act; exemption from insurance requirements.") 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 § 45-1102?
A common citation format is "Revised Statutes of Nebraska § 45-1102" (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 § 45-1102 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.