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Bill > LB967

NE LB967

NE LB967
Change provisions relating to insurance fees, licensing, and trade practices, pharmacy benefit managers, mutual insurance holding companies, the Population Health Information Act, the Health Information Technology Board, and the Site and Building Development Act and adopt the Nebraska Protection of Seniors from Insurance Exploitation Act

summary

Introduced
01/12/2026
In Committee
01/14/2026
Crossed Over
03/05/2026
Passed
04/07/2026
Dead
Signed/Enacted/Adopted
04/07/2026

Introduced Session

109th Legislature

Bill Summary

A BILL FOR AN ACT relating to public health and welfare; to amend sections 44-150, 44-4055, 44-4059, 44-4064, 44-6122, 81-6,123, 81-6,125, 81-6,127, 81-6,128, 81-12,147, and 81-12,148, Reissue Revised Statutes of Nebraska, sections 44-116 and 44-4605, Revised Statutes Cumulative Supplement, 2024, and section 44-1523, Revised Statutes Supplement, 2025; to change a transfer from the Department of Insurance Cash Fund; to change provisions relating to reciprocal licenses and retaliatory measures; to include pharmacy benefit managers under the Unfair Insurance Trade Practices Act; to change provisions relating to nonresident license requirements and the process for issuance, verification, and termination of such licenses under the Insurance Producers Licensing Act; to change fees under the Insurance Producers Licensing Act; to provide certain penalties and require notification of certain material changes under the Pharmacy Benefit Manager Licensure and Regulation Act; to provide requirements for electronic notice of annual meetings under the Mutual Insurance Holding Company Act; to change requirements for participation in the operation of the designated health information exchange; to change membership and duties of the Health Information Technology Board; to change eligible activities for and requirements for assistance from the Site and Building Development Fund; to adopt the Nebraska Protection of Seniors from Insurance Exploitation Act; to prohibit health insurance plans from restricting certain claim payment methods; to harmonize provisions; and to repeal the original sections.

AI Summary

This bill makes several changes to Nebraska law, including adjusting transfers from the Department of Insurance Cash Fund, clarifying rules for reciprocal insurance licenses and retaliatory measures, and bringing pharmacy benefit managers (companies that manage prescription drug benefits for health plans) under the Unfair Insurance Trade Practices Act. It also modifies requirements for nonresident insurance producer licenses, including how they are verified and terminated, and adjusts associated fees. The bill introduces penalties and notification requirements for pharmacy benefit managers and updates rules for electronic notice of annual meetings for mutual insurance holding companies. Additionally, it changes how health information is exchanged and modifies the membership and duties of the Health Information Technology Board. The Site and Building Development Act is amended to change eligible activities and requirements for assistance, and a new act, the Nebraska Protection of Seniors from Insurance Exploitation Act, is adopted to protect seniors from financial exploitation by insurers and insurance producers, allowing them to delay suspicious transactions and report potential exploitation. Finally, health insurance plans will be prohibited from restricting claim payment methods to credit, charge, or debit cards starting in 2027.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Approved by Governor on April 7, 2026 (on 04/07/2026)

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Document Type Source Location
State Bill Page https://nebraskalegislature.gov/bills/view_bill.php?DocumentID=62984
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Slip/LB967.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Final/LB967.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Engrossed/LB967.pdf
Enrollment and Review ST73 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ST73.pdf
Fiscal Note for LB967 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB967_20260330-123822.pdf
Bostar AM2888 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM2888.pdf
Jacobson AM2797 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM2797.pdf
Fiscal Note for LB967 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB967_20260318-094633.pdf
Enrollment and Review ER138 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/ER138.pdf
McKinney MO504 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO504.pdf
McKinney MO503 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO503.pdf
McKinney MO502 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/MO502.pdf
Jacobson FA1032 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA1032.pdf
Hansen FA1022 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA1022.pdf
Banking, Commerce and Insurance AM2324 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/AM2324.pdf
Analysis - Committee Statement https://nebraskalegislature.gov/FloorDocs/109/PDF/CS/LB967.pdf
Fiscal Note for LB967 https://nebraskalegislature.gov/FloorDocs/109/PDF/FN/LB967_20260202-125653.pdf
Analysis - Statement of Intent https://nebraskalegislature.gov/FloorDocs/109/PDF/SI/LB967.pdf
Kauth FA623 https://nebraskalegislature.gov/FloorDocs/109/PDF/AM/FA623.pdf
BillText https://nebraskalegislature.gov/FloorDocs/109/PDF/Intro/LB967.pdf
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