Nebraska LB1062 amends insurance producer licensing and pharmacy benefit manager regulation.

Nebraska LB1062 modifies the Insurance Producers Licensing Act by allowing the director to cancel a nonresident licensee's license if their home state license is inactive. It mandates that nonresident surplus lines insurance producers receive a nonresident surplus lines producer license. The bill also changes fees for insurance producer licenses and annual appointments, and introduces a nonrefundable application fee for pharmacy benefit manager licenses. Additionally, it requires pharmacy benefit managers to notify the director of any material changes in ownership or control.

Nebraska LB1062 amends insurance producer licensing and pharmacy benefit manager regulation.

Nebraska LB1062 modifies the Insurance Producers Licensing Act by allowing the director to cancel a nonresident licensee's license if their home state license is inactive. It mandates that nonresident surplus lines insurance producers receive a nonresident surplus lines producer license. The bill also changes fees for insurance producer licenses and annual appointments, and introduces a nonrefundable application fee for pharmacy benefit manager licenses. Additionally, it requires pharmacy benefit managers to notify the director of any material changes in ownership or control.