Nebraska Statutes 44-3902. Terms, defined
For purposes of sections 44-3901 to 44-3908, unless the context otherwise requires:
Terms Used In Nebraska Statutes 44-3902
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: shall mean the Department of Insurance. See Nebraska Statutes 44-103
- Director: shall mean the Director of Insurance. See Nebraska Statutes 44-103
- Person: shall include bodies politic and corporate, societies, communities, the public generally, individuals, partnerships, limited liability companies, joint-stock companies, and associations. See Nebraska Statutes 49-801
- State: when applied to different states of the United States shall be construed to extend to and include the District of Columbia and the several territories organized by Congress. See Nebraska Statutes 49-801
(1) Active participation means either (a) attendance at formal meetings of a professional insurance association where a formal business program is presented, (b) service on the board of directors or a formal committee of a professional insurance association and involvement in the activities of such board or committee, or (c) participation in industry, regulatory, or legislative meetings held by or on behalf of a professional insurance association;
(2) Department means the Department of Insurance;
(3) Director means the Director of Insurance;
(4) Licensee means a natural person who is licensed by the department as a resident insurance producer or consultant;
(5) Professional insurance association means a state or national membership organization that offers courses, lectures, seminars, or other instructional programs certified by the director as approved continuing education activities pursuant to section 44-3905, is organized as an association or corporation for the express purpose of promoting the interests of insurance licensees in this state or nationally, and is based on paid membership renewable annually or biennially for a membership fee; and
(6) Two-year period means (a) the period commencing on the date of licensing and ending on the date of expiration of the licensee’s first license and (b) each succeeding twenty-four-month period beginning on the date of expiration of the licensee’s first license regardless of the time period such license is in effect.