Nebraska Department of Insurance

Nebraska Department of Insurance




PRESS RELEASES AND NOTICES


NOTICE

TO: ALL LIFE INSURERS

FROM: NEBRASKA DEPARTMENT OF INSURANCE

DATE: APRIL 7, 2005

RE: ADOPTION OF CHAPTER 80 OF THE INSURANCE DEPARTMENT RULES



Chapter 80 of the Insurance Department Rules has now been filed with the Secretary of State for adoption.

Chapter 80 entitled, "SYNTHETIC GUARANTEED INVESTMENT CONTRACTS REGULATION" was adopted to implement Neb. Rev. Stat. § 44-708.01 by setting forth the terms and conditions under which a life insurance company may issue synthetic guaranteed investment contracts. The rule was filed with the Secretary of State on March 28, 2005 with implementation date to be April 2, 2005.

Copies of Chapter 80 may be obtained by forwarding a check in the amount of $5.00 for each copy requested made payable to the Nebraska Department of Insurance, 941 O Street, Suite 400, Lincoln, Nebraska 68508, and through the Department's web site at www.doi.ne.gov. Any questions concerning Chapter 80 should be directed to Michael Boyd at (402) 471-2201.