For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Insurance companies; incorporators and directors; liability.

Neb. Rev. Stat. § 44-223
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
44-223. Insurance companies; incorporators and directors; liability. The original incorporators, until the election of directors, and thereafter the directors shall be jointly and severally liable for any losses incurred during the following time or times: (1) For the excess of any policy above the maximum single risks prescribed by section 44-222 during the time that such policy exceeds such maximum single risks; (2) for any losses occurring upon any new risk taken after the expiration of the period designated by the Department of Insurance in accordance with sections 44-120 to 44-124 in which to make good any deficiency; and (3) for all debts and liabilities contracted prior to the time the company received its certificate of authority. Laws 1913, c. 154, § 89, p. 432; R.S.1913, § 3226; Laws 1919, c. 190, tit. V, art. V, § 12, p. 612; C.S.1922, § 7825; C.S.1929, § 44-412; R.S.1943, § 44-223; Laws 1959, c. 198, § 1, p. 706; Laws 1989, LB 92, § 71.
Source: Nebraska Legislature (nebraskalegislature.gov)URL: https://nebraskalegislature.gov/laws/statutes.php?statute=44-223Fetched: 10/20/2026

Starting a business in Nebraska? Nebraska LLC guide: costs and requirements

Neb. Rev. Stat. § 44-223 — Insurance companies; incorporators and directors; liability | Nebraska Revised Statutes (through Laws 2026) | Corpus