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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

4 provisions identified: 0 benefits, 1 costs, 3 mixed.

New limits and help after insurer failure

The law clarifies what the Nebraska insurance guaranty association pays when an insurer fails. Most covered claims are capped at $300,000 per claim, unearned premium refunds at $10,000 per policy, and cybersecurity losses at $300,000 total per event. You must first use any other insurance or government program, and the association subtracts those recoveries from what it pays. It excludes some amounts and late claims filed after 25 months, but it can keep some transferred policies covered and can challenge unfair last‑minute settlements. The association can get needed records and hire help to deliver benefits, and its board rules are updated.

Health access and pool laws repealed

The law repeals the Health Insurance Access Act and the Health Care Purchasing Pool Act. This ends the statutory authority for those programs and any state-run options they created. People and small employers who relied on them lose those state-run options.

New rules for health insurance lead sellers

The law defines health insurance lead generators and the marketing tools they use. These businesses, plus more insurer types, are now covered by Nebraska’s unfair insurance trade rules. Lead generators must keep full sales call recordings and marketing and complaint records for the current year and the two prior years. Insurers must keep complete complaint logs. The Insurance Director can examine them, and lead generators and certain insurers must repay exam costs. Prior sections are repealed and replaced to fit these rules.

Yearly reports for mutual insurers

Mutual insurance holding companies must file annual financial statements by March 1. They must also file a confidential notice if they plan to encumber assets. An independent CPA audit for the prior year is due by June 1.

Sponsors & Cosponsors

Sponsor

  • Mike Jacobson

    Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 142 • No: 0

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

legislature vote • Unknown

Vote

Yes: 34 • No: 0 • Other: 15

Actions Timeline

  1. Approved by Governor on April 14, 2025

    4/14/2025legislature

  2. Presented to Governor on April 10, 2025

    4/10/2025legislature

  3. President/Speaker signed

    4/10/2025legislature

  4. Passed on Final Reading 47-0-2

    4/10/2025legislature

  5. Dispensing of reading at large approved

    4/10/2025legislature

  6. Placed on Final Reading

    4/8/2025legislature

  7. Advanced to Enrollment and Review for Engrossment

    3/28/2025legislature

  8. Hallstrom AM836 adopted

    3/28/2025legislature

  9. Hallstrom AM836 filed

    3/27/2025legislature

  10. Placed on Select File

    3/25/2025legislature

  11. Advanced to Enrollment and Review Initial

    3/12/2025legislature

  12. Placed on General File

    2/18/2025legislature

  13. Notice of hearing for February 11, 2025

    1/27/2025legislature

  14. Referred to Banking, Commerce and Insurance Committee

    1/21/2025legislature

  15. Date of introduction

    1/16/2025legislature

Bill Text

  • Introduced

    1/16/2025

    PDF

  • Enrolled / Slip Law

    PDF

  • Final / Enacted

    PDF

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