LB1138

Nebraska LB1138 establishes the Nebraska Protection of Seniors from Insurance Exploitation Act to safeguard seniors from financial exploitation.

Nebraska LB1138, known as the Nebraska Protection of Seniors from Insurance Exploitation Act, aims to protect seniors from financial exploitation. It mandates insurers to provide training to their employees on identifying and reporting suspected financial exploitation. Insurers can delay disbursements or transactions if they reasonably believe it will result in exploitation. Insurers and trained individuals are immune from liability for actions taken in good faith. The act also requires insurers to share relevant records with the director and law enforcement upon request.