Neb. Rev. Stat. §§ 44-2401

Current with changes through the 2024 First Special Legislative Session
Section 44-2401 - Purpose of act

The purpose of the Nebraska Property and Liability Insurance Guaranty Association Act is to provide a method for the payment of certain claims against insolvent insurance companies, as defined in the act, to avoid unnecessary delay in payment of such claims, to avoid financial loss to claimants or to policyholders, to assist in the detection and prevention of insurer insolvencies, and to provide an association of insurers against which the cost of such protection may be assessed in an equitable manner.

Neb. Rev. Stat. §§ 44-2401

Laws 1971, LB 722, § 1; Laws 2019, LB 380, § 1.
Amended by Laws 2019, LB 380,§ 1, eff. 9/1/2019.