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Official Government Sites
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Revised Statues - Chapter 44 Insurance
44-707.01: Life insurance companies; valuation of securities; purpose of sections.
The purpose of sections 44-707.01 to 44-707.04 is to provide a means of making funds not in excess of two hundred fifty thousand dollars in any one year available to the Committee on Valuation of Securities of the National Association of Insurance Commissioners to defray the expenses of such committee in the investigation, and analyses and valuation of securities and the determination of the amortizability of bonds, owned by insurance companies, for the purpose of furnishing to the several states on a uniform basis information needed in the supervision of insurance companies licensed to transact business in the several states. The Director of Insurance is hereby authorized to disburse in the manner provided in section 44-707.03, in cooperation with supervisory officials of other states, funds obtained through assessments for such purpose under the provisions of sections 44-707.01 to 44-707.04.
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