20-251. Definitions not mutually exclusive It is intended that certain coverages may come within the definitions of two or more kinds of insurance as set forth in this article, and the fact that such a coverage is included within one definition shall not exclude such coverage as to any other kind of insurance within the […]
20-252. " Casualty insurance" defined " Casualty insurance" includes vehicle insurance as defined in section 20-259, and in addition includes: 1. Liability insurance, which is insurance against legal liability for the death, injury or disability of any human being, or for damage to property, and provision of medical, hospital, surgical or disability benefits to injured […]
20-253. " Disability insurance" defined " Disability insurance" is insurance against bodily injury, disablement or death by accident or accidental means, or the expense thereof, or against disablement or expense resulting from sickness, and every insurance appertaining thereto.
20-254. " Life insurance" defined " Life insurance" is insurance on human lives and insurance appertaining thereto or connected therewith. The transacting of life insurance includes the granting of endowment benefits, additional benefits in the event of death or dismemberment by accident or accidental means, additional benefits in the event of the disability of the […]
20-254.01. " Annuities" defined " Annuities" encompass all agreements to make periodic payments, other than contracts defined by section 20-254 as " life insurance" , where the making or continuance of all or of some of a series of such payments, or the amount of any such payment, is dependent upon the continuance of human […]
20-255. " Marine and transportation insurance" defined " Marine and transportation insurance" includes: 1. Insurance against any and all kinds of loss or damage to vessels, craft, aircraft, cars, automobiles and vehicles of every kind, as well as all goods, freight, cargoes, merchandise, effects, disbursements, profits, monies, bullion, precious stones, securities, choses in action, evidences […]
20-256. " Property insurance" defined " Property insurance" is insurance on real or personal property of every kind and interest therein, against loss or damage from any or all hazard or cause, and against loss consequential upon such loss or damage, other than noncontractual legal liability for any such loss or damage. Property insurance shall […]
20-257. " Surety insurance" defined " Surety insurance" includes: 1. Fidelity insurance, which is insurance guaranteeing the fidelity of persons holding positions of public or private trust. 2. Insurance guaranteeing the performance of contracts, other than insurance policies, and guaranteeing and executing bonds, undertakings and contracts of suretyship. 3. Insurance indemnifying banks, bankers, brokers, financial […]
20-258. Multiple line insurers For the purposes of this title, a multiple line insurer may transact any two or more kinds of insurance, as defined in sections 20-252, 20-253, 20-255, 20-256 and 20-257.
20-259. " Vehicle insurance" defined " Vehicle insurance" is insurance against loss of or damage to any land vehicle or aircraft or to property while contained therein or thereon or being loaded or unloaded therein or therefrom, from any hazard or cause, and against any loss, liability or expense resulting from or incident to ownership, […]
20-259.01. Motor vehicle liability policy; uninsured optional; underinsured optional; subrogation; medical payments liens; definitions A. Every insurer writing automobile liability or motor vehicle liability policies shall make available to the named insured thereunder and by written notice offer the named insured and at the request of the named insured shall include within the policy uninsured […]
20-259.02. Coverage to include car pool operators and car pool vehicles; definitions A. A policy of private passenger vehicle insurance shall not be delivered or issued for delivery in this state unless coverage is provided for the protection of any person insured under such policy while such person is acting as a car pool operator, […]
20-259.03. Uninsured and underinsured motorist coverages; insured; wrongful death recovery Notwithstanding any other law, in the case of the death of an insured who is covered under the uninsured and underinsured motorist coverages of a motor vehicle liability policy, recovery for wrongful death is limited to any party who is qualified to bring a wrongful […]
20-260. Limit of risk A. No insurer shall retain any risk on any one subject of insurance, whether located or to be performed in this state or elsewhere, in an amount exceeding ten per cent of its surplus to policyholders, except that a domestic mutual insurer holding a certificate of authority may retain up to […]
20-261. Authorized reinsurance A. An insurer shall reinsure its risks, or any part of its risks, only in solvent insurers having surplus to policyholders not less in amount than the minimum required capital stock required under this title of a domestic stock insurer, other than a limited stock insurer or a domestic life and disability […]
20-262. Motor vehicle insurance policy; reduction of rate for older person completing accident prevention course; course requirements A. An insurer issuing motor vehicle liability insurance policies in this state may provide additional reductions in rates for motor vehicle personal injury and property damage coverage to an insured who: 1. Is at least fifty-five years of […]
20-263. Vehicle insurance; prohibited act by insurer; hearing; penalty A. No insurer shall increase the motor vehicle insurance premium of an insured as a result of an accident not caused or significantly contributed to by the actions of the insured. Any insurer which increases the premium as a result of accident involvement shall notify the […]
20-264. Automobile insurance; damaged safety equipment deductible optional; definition A. Any insurer writing private passenger automobile insurance which includes comprehensive coverage for motor vehicle damage shall provide at the option of the insured complete coverage for the repair or replacement of all damaged safety equipment without regard to any deductible. B. As used in this […]
20-265. Motor vehicle insurance; premium and fee comparisons and complaint ratios The department of insurance and financial institutions shall compile comparisons of premiums and fees charged at policy inception and complaint ratios for motor vehicle insurance policies that insure six or fewer motor vehicles. The comparisons shall reflect premiums and fees associated with the inception […]
20-266. Minimum liability policy; availability An insurer writing or an insurance producer soliciting applications for motor vehicle liability policies that insure six or fewer motor vehicles shall make available a policy for the mandatory minimum motor vehicle liability limits as prescribed in section 28-4009 if requested by a named insured or an applicant who meets […]
