Chapter 88 of the Insurance Department Rules and Regulations has now been filed with the Secretary of State for adoption on September 22, 20 16 with an effective date of September 27, 2016.
Chapter 88 entitled, "Corporate Governance Annual Disclosure" is a new regulation adopted to implement the Corporate Governance Annual Disclosure Act passed by the Nebraska legislature in 20 16. The regulation establishes procedures for filing and the required contents of the Corporate Governance Annual Disclosure, which is an annual filing now required of insurers and insurance groups. The Corporate Governance Annual Disclosure Act and this regulation are based on models promulgated by the National Association of Insurance Commissioners.
Copies of Chapter 88 are available for public examination at the Department of Insurance, 941 "O" Street, Suite 400, Lincoln, N E 68508, as well as the Office of the Secretary of State, State Capitol Building, Room 343, Lincoln, N E 68509, the Secretary of State's website at www.sos.ne.gov and through the Department of Insurance’s website at www.doi.ne.gov. Any questions concerning Chapter 88 should be directed to Matthew Holman.
