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

Summary

LB 1062 changes how nonresident insurance producers obtain and maintain licenses in Nebraska, requiring reciprocal licensing, address updates, and giving the director authority to revoke licenses if the producer’s home‑state license lapses. It also adds limits on retaliatory taxes or fees that Nebraska could impose on insurers because other states charge them. The measure failed and was indefinitely postponed.

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