NOTICE OF ADOPTION - Chapter 65, Credit for Reinsurance

Chapter 65 of the Insurance Department Rules has now been filed with the Secretary of State for adoption.

Chapter 65 entitled, "Credit for Reinsurance" establishes when credit for reinsurance is allowed. The amendments to Chapter 65 are to implement the recent statutory changes to sections pertaining to credit for reinsurance that were enacted in the 2015 Legislative Session and to reflect the changes made by the National Association of Insurance Commissioners to the Credit for Reinsurance Model Act. The rule was filed with the Secretary of State on February 10, 2016 with with implementation date to be February 15, 2016.

Copies of Chapter 65 are available for public examination at the Nebraska Department of Insurance, 941 O Street, Suite 400, Lincoln, Nebraska  68508, as well as the Office of the Secretary of State, State Capitol Building, Room 343, Lincoln, NE 68509, the Secretary of State's website at www.sos.nebraska.gov and through the Department of Insurance's website at www.doi.nebraska.gov. Any questions concerning Chapter 65 should be directed to Krystle Ledvina Garcia.