| Committee of Jurisdiction: | Banking, Commerce and Insurance |
| Occupation Regulated: | Insurance agents & insurance related individual licenses |
| Occupational Board: | N/A |
| Contact: | Tom Green |
| Purpose: | Department of Insurance shall have general supervision, control, and regulation of insurance companies, associations, and societies and the business of insurance in Nebraska, including companies in process of organization. The director shall have the powe |
| Regulated Professionals: | 109371 |
| Year Created: | 1913 (licensing may have actually started even earlier) |
| Year Active: | 1913 |
| Sunset Date: | n/a |
| Government Certificates Issued: | 101567 |
| Issued Certificate Descriptions: | "Issued" in this context means that a license was given by the Department |
| Government Certificates Revoked: | 93 |
| Revoked Certificate Descriptions: | "Revoked" refers to situations where the Department has taken away a previously issued license |
| Government Certificates Denied: | 51 |
| Denied Certificate Descriptions: | "Denied" refers to both initial license applications that were rejected, along with |
| Government Certificates Penalties Against: | 60 |
| Penalty Certificate Descriptions: | "Penalties Against" refers to situations when an existing license holder had a license suspended and/or a fine levied against them |
| Explanation of Effectiveness: | https://nebraskalegislature.gov/pdf/SurveyDocs/explanation1576790941.pdf |
| Potential Harm | Primarily, Nebraska would lose its authority to monitor the Nebraska insurance industry and remove bad actors. As noted above, insurance producers have access to sensitive personal health and financial information of Nebraska consumers and, as such, must |
| Regulation Comparison: | https://nebraskalegislature.gov/pdf/SurveyDocs/comparison1576790941.pdf |
| Subject to Regulations of Act(LB407): | No |