Every insurer who makes insurance upon any building or property or interest therein against loss or damage by fire, and every agent who issues a fire insurance policy covering any building or property or interest therein, and every insured who procures a policy of fire insurance upon any building or property or interest therein owned by him, is presumed to know the insurable value of such building or property or interest therein at the time such insurance is effected. Any insurer who knowingly makes insurance on any building or property or interest therein against loss or damage by fire in excess of the insurable value thereof, shall be fined in a sum not less than fifty dollars nor more than one hundred dollars. Any agent who knowingly effects insurance on a building or property or interest therein in excess of the insurable value thereof shall be fined in a sum not less than fifteen nor more than twenty-five dollars.
Notes of Decisions
Sch. Dist. of Seward Educ. Ass'n v. Sch. Dist., 199 N.W.2d 752 (Neb. 1972).
· cites it 4× “In passing it may be well to note that Article XV, section 9, was adopted as a result of similar activity in the State of Kansas, yet in defining businesses "affected with a public interest," the Kansas statute omits governmental units.”
Callahan v. Brant, 990 N.W.2d 1 (Neb. 2023).
· cites it 5× “- 232 - Nebraska Supreme Court Advance Sheets 314 Nebraska Reports CALLAHAN V. BRANT issue fire policies, and insureds who procure fire policies, are “presumed to know the insurable value of such building.”
State ex rel. Repub. Nat'l Life Ins. v. Smrha, 293 N.W. 372 (Neb. 1940).
· cites it 4× “” The other statute, section 44-603., Comp. St. 1929, pro *486 vides: “No policy of life or endowment insurance shall be issued or delivered in this state if it contains in substance: * * * 2_ a.”
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