Change provisions relating to the Insurance Producers Licensing Act and the Pharmacy Benefit Manager Licensure and Regulation Act

Summary

LB 1062 changes how Nebraska handles out‑of‑state insurance taxes and fees, tightens the rules for nonresident insurance producers, sets new fee caps, and creates a licensing framework for pharmacy benefit managers (PBMs) with associated fees and penalties. It affects insurance companies, their agents, and any entity that wants to operate as a PBM in the state. The measure aims to protect Nebraska insurers from unfair foreign burdens and ensure PBMs are financially responsible and transparent.

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