Examples of Nebraska Director in a sentence
From January 1, 2010, through the date hereof, the Company has paid ordinary dividends to its stockholders of $37,080,000 and has not paid any extraordinary dividend or made any other extraordinary distribution to its shareholders that would have required the approval or non-disapproval of the Nebraska Director of Insurance pursuant to Section 44-2134 of the Nebraska Insurance Code.
Supervision is an administrative order authorized pursuant to Nebraska law which enables the management to continue operating the company under the supervision of the Nebraska Director of Insurance.
At the time of termination, these distributors represented approximately 16% of IFP sales.Retaining Prominent Regulatory ExpertsReinforcing the Company’s compliance department are Ben Nelson, former U.S. Senator (D-NE) and Governor of Nebraska as well as the former Nebraska Director of Insurance and former Chief Executive Officer of the National Association of Insurance Commissioners (“NAIC”), as well as Wayne Goodwin, the former Commissioner of Insurance for North Carolina.
The Merger shall become effective at such time the Articles of Merger are filed with the Maryland Department and the Certificate of Merger is filed with the Nebraska Director, or at such later time as the Parties agree and specify in the Articles of Merger and the Certificate of Merger, in accordance with the MGCL and the NBCA, respectively (the date and time the Merger becomes effective being the “Effective Time”).
Amwest Surety Insurance Company has been placed in liquidation by the Nebraska Director of Insurance.
Each party agrees to (i) submit itself to a court of competent jurisdiction in the State of Nebraska, (ii) comply with all requirements necessary to give such court jurisdiction, (iii) designate the Nebraska Director of Insurance or designated attorney in Nebraska, as its agent for service of the process in Nebraska in any action, suit, or proceeding instituted for any matter arising out of this Agreement, and (iv) shall abide by the final decision of such court.
The Reinsurer agrees to designate the Nebraska Director of Insurance or a designated attorney as its true and lawful attorney upon who may be served any lawful process in any action, suit or proceeding instituted by or on behalf of the Ceding Company.