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.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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