# Nebraska LB325: Change provisions relating to qualifications and requirements for the board of directors of an insurance corporation

Nebraska LB325, Change provisions relating to qualifications and requirements for the board of directors of an insurance corporation, is a 109th Legislature 1st and 2nd Sessions legislature bill sponsored by Mike Jacobson; status signed, last action 2025-04-07 (Approved by Governor on April 7, 2025) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/NE-LB325-109
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Nebraska LB325
- State: Nebraska
- Session: 109th Legislature 1st and 2nd Sessions
- Title: Change provisions relating to qualifications and requirements for the board of directors of an insurance corporation
- Status: signed
- Chamber: legislature
- Introduced: 2025-01-16
- Last action: 2025-04-07, Approved by Governor on April 7, 2025
- Sponsor: Mike Jacobson
- Cosponsors: 0
- Subjects: Banking, Commerce and Insurance Committee
- Touches household money: no
- Roll calls: 2 (90 yes, 0 no in all)
- Economic provisions PRIA read: 2

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Five-year waiver of in-state director for insurers: benefit, low. Insurance company boards must have at least five directors and normally include one Nebraska resident. A company can waive the in-state director rule for five years by filing a sworn affidavit with the Department of Insurance. It must show: its main executive offices are in Nebraska; it is publicly…
- Stronger standards for insurance company boards: cost, low. At least 20% of directors must be people who are not company officers or employees for insurers not covered by section 44-2135. No one convicted of a felony may serve as a director. All directors must be of good moral character and have practical knowledge of insurance, finance, or investment. For…

## Sponsors and cosponsors

- Sponsor: Mike Jacobson, Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-04-03 | legislature | Final Reading | pass | 47 | 0 | 2 |
| 2025-03-05 | legislature | Vote | fail | 43 | 0 | 6 |

## Actions (14)

- 2025-04-07: Approved by Governor on April 7, 2025 (legislature)
- 2025-04-03: Presented to Governor on April 3, 2025 (legislature)
- 2025-04-03: President/Speaker signed (legislature)
- 2025-04-03: Passed on Final Reading 47-0-2 (legislature)
- 2025-03-26: Placed on Final Reading (legislature)
- 2025-03-18: Advanced to Enrollment and Review for Engrossment (legislature)
- 2025-03-18: Enrollment and Review ER25 adopted (legislature)
- 2025-03-11: Enrollment and Review ER25 filed (legislature)
- 2025-03-11: Placed on Select File with ER25 (legislature)
- 2025-03-05: Advanced to Enrollment and Review Initial (legislature)
- 2025-02-13: Placed on General File (legislature)
- 2025-01-27: Notice of hearing for February 11, 2025 (legislature)
- 2025-01-21: Referred to Banking, Commerce and Insurance Committee (legislature)
- 2025-01-16: Date of introduction (legislature)

## Bill text

- Introduced, 2025-01-16: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB325.pdf)
- Enrolled / Slip Law: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB325.pdf)
- Final / Enacted: [PDF](https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB325.pdf)

## Related bills

- LB468: Change provisions relating to inheritance taxes, change certain fee and tax provisions, and eliminate a sales tax exemption relating to data centers (failed)
- LB13: Require the Department of Health and Human Services to file a state plan amendment relating to child care (failed)
- LB677: Change provisions of the Nebraska Medical Cannabis Regulation Act and provide for regulation of medical cannabis (failed)
- LB646: Provide an exemption from brand inspections and change fees under the Livestock Brand Act (failed)
- LB170: Eliminate the sales tax exemptions for candy and soft drinks (failed)
- LB714: Change provisions relating to motor vehicle taxes and fees (failed)

## Sources
- [Introduced (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB325.pdf)
- [Enrolled / Slip Law (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB325.pdf)
- [Final / Enacted (PDF)](https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB325.pdf)

## Related
- [LB468: Change provisions relating to inheritance taxes, change certain fee and tax pro…](https://policyrisk.com/state-bill/NE-LB468-109)
- [LB13: Require the Department of Health and Human Services to file a state plan amendm…](https://policyrisk.com/state-bill/NE-LB13-109)
- [LB677: Change provisions of the Nebraska Medical Cannabis Regulation Act and provide f…](https://policyrisk.com/state-bill/NE-LB677-109)
- [LB646: Provide an exemption from brand inspections and change fees under the Livestock…](https://policyrisk.com/state-bill/NE-LB646-109)
- [LB170: Eliminate the sales tax exemptions for candy and soft drinks](https://policyrisk.com/state-bill/NE-LB170-109)
- [LB714: Change provisions relating to motor vehicle taxes and fees](https://policyrisk.com/state-bill/NE-LB714-109)
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Source: PRIA, https://policyrisk.com/state-bill/NE-LB325-109 (as of 2026-10-19).