Neb. Rev. Stat. §§ 44-602

Current with changes through the 2024 First Special Legislative Session
Section 44-602 - Over-insurance; procurement unlawful

It shall be unlawful for any party having an insurable interest in property located in this state to knowingly procure any fire insurance policy upon his interest in such property, for an amount in excess of the fair value of his interest in the property, or for an amount which, with any existing insurance thereon, exceeds the fair value of his interest in the property.

Neb. Rev. Stat. §§ 44-602

Laws 1913, c. 154, § 110, p. 454; R.S.1913, § 3247; Laws 1919, c. 190, tit. V, art. VIII, § 2, p. 635; C.S.1922, § 7846; C.S.1929, § 44-702; R.S.1943, § 44-602.