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Nebraska Revised Statutes Chapter 44. Insurance § 44-224.10. Reinsurance; consolidation; forfeiture of charter; when

Current as of January 01, 2024 | Updated by Findlaw Staff

Whenever any company operating on other than the stock plan reinsures all of its risk and business in bulk its charter shall be deemed forfeited to the State of Nebraska. Whenever any company enters into a contract of consolidation and thereby loses its separate identity, its charter shall be deemed forfeited to the State of Nebraska.

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Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 44. Insurance § 44-224.10. Reinsurance; consolidation; forfeiture of charter; when - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-44-insurance/ne-rev-st-sect-44-224-10/

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