All Roll Calls
Yes: 142 • No: 0
NebraskaLB326109th Legislature 1st and 2nd SessionslegislatureWALLET
Change provisions relating to the Unfair Insurance Trade Practices Act, the Nebraska Property and Liability Insurance Guaranty Association Act, and mutual insurance holding companies and eliminate the provisions of the Health Insurance Access Act and the Health Care Purchasing Pool Act
Sponsored By: Mike Jacobson
Signed by Governor
Banking, Commerce and Insurance Committee
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Bill Overview
Analyzed Economic Effects
7 provisions identified: 3 benefits, 3 costs, 1 mixed.
Guaranty caps on cyber and refunds
When an insurer fails, the guaranty association pays only up to set limits. For cyber policies, it pays up to $300,000 total for all claims from a single cyber event, no matter how many claims. For unearned premium refunds, it pays up to $10,000 per policy. You may recover less than your full loss if totals are higher.
State ends two health access laws
The law repeals the Health Insurance Access Act and the Health Care Purchasing Pool Act. If you used those programs, the legal authority for them is gone. State-backed options under those laws are no longer available. Check your current coverage and look for other options.
Insurer assessments and five-year tax offsets
Member insurers fund the guaranty association through capped fees. The association can charge up to $50 per insurer each year for administration, and up to 1% of net direct written premiums per account per year for other needs. It may defer an assessment if paying would drop an insurer’s capital or surplus below the legal minimum; deferred amounts are refunded or credited when paid. Insurers that pay get certificates of contribution and can reduce premium and retaliatory tax by 20% of the certificate’s original face amount each year for five years.
Stronger rules for health plan lead sellers
The law defines health insurance lead generators and the tools they use. It also defines a "recording" as a full audio copy of sales and verification calls. Lead generators must keep business records and call recordings for the current year and the two years before. The Director can examine them, hold hearings, and order fixes. Fines can be up to $1,000 per violation (up to $30,000 total), up to $15,000 per violation for flagrant cases (up to $150,000 total), and up to $30,000 per violation for breaking a cease-and-desist.
What counts as cybersecurity insurance
The law defines cybersecurity insurance. It covers first‑party and third‑party losses from data breaches, hacks, viruses, ransomware, identity theft, and similar risks. This makes it clearer which policies count as cyber coverage.
Guaranty board rules and claim files
The guaranty association’s board has seven members, chosen by member insurers and approved by the Director. At least four members must be from domestic insurers. The association can go to court to take custody of an insolvent insurer’s files and electronic data so it can handle claims.
Annual reports for mutual holding companies
Mutual insurance holding companies must file an annual statement by March 1 with income, balance sheet, cash flows, and a confidential statement. They must also file an independent CPA audit by June 1 for the prior calendar year. These filings add ongoing compliance duties and costs.
Sponsors & Cosponsors
Sponsor
Mike Jacobson
legislature
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
legislature vote • 4/24/2026
Vote
Yes: 34 • No: 0 • Other: 15
legislature vote • 4/10/2025
Final Reading
Yes: 47 • No: 0 • Other: 2
legislature vote • 3/28/2025
Vote
Yes: 34 • No: 0 • Other: 15
legislature vote • 3/12/2025
Vote
Yes: 27 • No: 0 • Other: 22
Actions Timeline
Approved by Governor on April 14, 2025
4/14/2025legislatureDispensing of reading at large approved
4/10/2025legislaturePassed on Final Reading 47-0-2
4/10/2025legislaturePresident/Speaker signed
4/10/2025legislaturePresented to Governor on April 10, 2025
4/10/2025legislaturePlaced on Final Reading
4/8/2025legislatureHallstrom AM836 adopted
3/28/2025legislatureAdvanced to Enrollment and Review for Engrossment
3/28/2025legislatureHallstrom AM836 filed
3/27/2025legislaturePlaced on Select File
3/25/2025legislatureAdvanced to Enrollment and Review Initial
3/12/2025legislaturePlaced on General File
2/18/2025legislatureNotice of hearing for February 11, 2025
1/27/2025legislatureReferred to Banking, Commerce and Insurance Committee
1/21/2025legislatureDate of introduction
1/16/2025legislature
Bill Text
Introduced
4/14/2025
Enrolled / Slip Law
Final / Enacted