(1) The Nebraska Workers' Compensation Act shall apply to the State of Nebraska and every governmental agency created by it, and to every employer in this state, including nonresident employers performing work in the State of Nebraska, employing one or more employees, in the regular trade, business, profession, or vocation of such employer, except railroad companies engaged in interstate or foreign commerce.
(2) The following are declared not to be hazardous occupations and not within the provisions of the Nebraska Workers' Compensation Act: Employers of household domestic servants and employers of farm or ranch laborers, except as hereinafter provided, except that any such employer may elect to provide and pay compensation for accidental injuries sustained by any of his or her employees by insuring and keeping insured his or her employees in some corporation, association, or organization authorized and licensed to transact the business of workers' compensation insurance in this state.
(3) The procuring by any such employer of such a policy of insurance, referred to in subsection
(2) of this section, which is in full force and effect at the time of an accident to any of his or her employees, shall be conclusive proof of such employer's and his or her employees' election to be bound by the Nebraska Workers' Compensation Act, to all intents and purposes as if they had not been specifically excluded by the terms of this section. Such employer of household domestic servants and such employer of farm or ranch laborers who has procured such a policy of insurance may elect to return to the status of being not within the provisions of the Nebraska Workers' Compensation Act by (a) no longer carrying a policy of workers' compensation insurance and (b) posting and thereafter keeping continuously posted for a period of at least one year in a conspicuous place about the place or places where his or her workers are employed a written or printed notice of election not to be bound by the provisions of such act.