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Current as of January 01, 2019 | Updated by FindLaw Staff
If any insurance company or association is found in possession of stocks, bonds, debentures, notes, investment certificates, securities, or other obligations or evidences of indebtedness acquired in violation of section 44-3,119 or if any of its officers, directors, members, or attorneys in fact have been convicted under section 44-3,119, such company or association may be subject to suspension of its certificate of authority by the Director of Insurance. Nothing in this section shall be construed to prevent the Director of Insurance from proceeding against such insurance company or association in the manner authorized and directed by the Nebraska Insurers Supervision, Rehabilitation, and Liquidation Act.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 44. Insurance § 44-3,123. Possession of borrowed or rented securities; proceedings authorized - last updated January 01, 2019 | https://codes.findlaw.com/ne/chapter-44-insurance/ne-rev-st-sect-44-3-123/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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