44-8904. Director; valuation of reserves; duties; powers.The director shall annually value, or cause to be valued, the reserves for all outstanding life insurance contracts, accident and health insurance contracts, and deposit-type contracts of every company issued on or after the operative date of the valuation manual. In lieu of the valuation of the reserves required of a foreign or alien company, the director may accept a valuation made, or caused to be made, by the insurance supervisory official of any state or other jurisdiction when the valuation complies with the minimum standard provided in the Standard Valuation Act.Source Laws 2014, LB755, § 4.Cross References For operative date of valuation manual, see section 44-8908.
Nebraska Legal Code