Nebraska Title Insurance | with complete solution | 100% verified

Nebraska Title Insurance | with complete solution | 100% verified Certificate of Authority - No insurance company may transact any insurance business in this state unless it has received a Certificate of Authority from the Department of Insurance to do so. When does Certificate of Authority expire? - Expires on the last day of April in each year and must be renewed annually. How often may the director or any of his or her examiners conduct an examination? - AS often as the director deems appropriate but will conduct an examination of every domestic insurer at least once every 4 years. What is the minimum level of capital stock required for a stock insurance company? - Required to maintain a minimum level of $1 million capital stock and surplus of $1 million regardless of the type of insurance. Life or variable life must maintain $2 million capital stock and $2 million surplus. License Requirements - 1. At least 18 years of age 2. Has not committed any act that is ground for denial, suspension, or revocation of an insurance producer's license 3. Has completed a pre-licensing course of study for the lines of authority for which the person has applied. 4. Has paid required fees 5. Has successfully passed the examination for the lines of authority for which the person has applied. Non-Resident Licensing Requirements - 1. Person is currently licensed as a resident and in good standing with his or her home state 2. Has submitted proper request for licensure and has paid fees 3. Submitted to the director the application for licensure that the person submitted to his or her home state 4. Person's home state awards nonresident producer licenses to residents of this state on the same basis A non resident producer who moves from one state to another state who moves from this state to another state must file a change of address and provide certification from the new resident state within ______ days of the change of legal residence. - 30 An individual who applies for an insurance producer's license in NE who was previously licensed for the same lines of authority in another state will not be required to complete any prelicensing education or examination. This exemption is only available if the person is currently licensed in that state or if the application is received within _____ days of cancellation of the applicants previous license and if the prior state issues a certificate that, at the time of cancellation, the applicant - 90 A person licenses as a producer in another state who moves to NE must make application within