Nebraska Revised Statute 44-601

Chapter 44 Section 601


Over-insurance; policies for more than five years prohibited.

It shall be unlawful for any insurance company or any agent to knowingly issue any fire insurance policy upon property within this state for an amount which, with any existing insurance, exceeds the fair value of the property or of the interest of the insured therein, or for a longer time than for five years, except as provided in section 44-812.


  • Laws 1913, c. 154, § 109, p. 454;
  • R.S.1913, § 3246;
  • Laws 1919, c. 190, tit. V, art. VIII, § 1, p. 634;
  • C.S.1922, § 7845;
  • C.S.1929, § 44-701;
  • R.S.1943, § 44-601.


  • Where fire insurance policies issued by different insurers contain prohibitions against other insurance and prorating clauses, but no escape clauses, any loss is to be prorated. Kent v. Insurance Co. of North America, 189 Neb. 769, 205 N.W.2d 532 (1973).

  • Where fire insurance policy contained condition that total insurance on the property should not exceed a sum named, and at the time, unknown to insurer, there existed other valid insurance in an amount greater than the sum so named, the latter policy does not take effect. Quisenberry v. National Fire Ins. Co., 132 Neb. 793, 273 N.W. 197 (1937).