Nebraska Department of Insurance

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PRESS RELEASES AND NOTICES

NOTICE OF HEARING - Annual Audited Financial Reports

The Director of the Department of Insurance has scheduled a public hearing as required by Neb.Rev.Stat. §84-901 to §84-909 for the proposed amendment of Title 210, Nebraska Administrative Code, Chapter 56, Annual Audited Financial Reports. The proposed amendments add a definition of "Indemnification" to Section 003, add text to the qualifications of independent certified public accountant in Section 007, provide a time requirement for notification of adverse financial condition in Section 010, provide for periodic review of the independent certified public accountant's workpapers in Section 013, and correct typographical and grammatical errors and remove outdated date references. There is no fiscal impact to the Department of Insurance, political subdivisions or the regulated public. A copy of the Fiscal Impact Statement is available at the Department of Insurance.

Copies of Chapter 56 amendments and the Fiscal Impact Statement are available upon request at a cost of $6.00 each from the Department of Insurance, 941 "O" Street, Suite 400, Lincoln, NE 68508. Copies of Chapter 56 and the Fiscal Impact Statement are available for inspection at the aforementioned address, as well as the Office of the Secretary of State, State Capitol Building, Room 343, Lincoln, NE 68509, and through the Department's web site at Nebraska Department of Insurance. All persons interested in presenting oral or written views on the proposed amendment of Chapter 56 will be granted an opportunity at a hearing to be held before the Director of Insurance, State of Nebraska, beginning at 10:00 a.m., on the 14th day of April 2005, and will continue until concluded. Said hearing will be held in the 5th Floor Conference Room of the Terminal Building at 941 "O" Street, Lincoln, NE 68508.

Reasonable accommodations will be provided to persons with disabilities upon advanced request. The hearing will be transcribed at the request of any party with the expense of the transcription charged to the requesting party.

All persons interested therein may appear at said time and be heard in reference thereto.

Dated this 18th day of February 2005.

L. TIM WAGNER
Director of Insurance