| Committee of Jurisdiction: | Banking, Commerce and Insurance |
| Occupation Regulated: | Insurance Agents and Insurance Related Individual Licenses |
| Occupational Board: | N/a |
| Contact: | Jordan Blades |
| Purpose: | The 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. |
| Regulated Professionals: | 152,026 |
| Year Created: | 1913 |
| Year Active: | 1913 |
| Sunset Date: | N/a |
| Statutory Authorization: | 44-101,1101-1107,2606-2635,3701-3721,4047-4067,4901-4910,5501-5515,5601-5613,8801-8808,9201 |
| Parent Agency: | Department of Insurance |
| Number of Members: | N/a - State Agency |
| Who Appoints: | |
| Legislative Approval: | |
| Qualifications of Members: | |
| Per Diem: | |
| Expense Reimbursement: | |
| Term Length: | |
| Terms Rotate or Expire at Once: |
| Required FY 2024-2023: | 0 |
| Held FY 2024-2023: | 0 |
| Required FY 2023-2022: | 0 |
| Held FY 2023-2022: | 0 |
| Required FY 2022-2021: | 0 |
| Held FY 2022-2021: | 0 |
| Required FY 2021-2020: | 0 |
| Held FY 2021-2020: | 0 |
| Required FY 2020-2019: | 0 |
| Held FY 2020-2019: | 0 |
| Support Staff: | 4 |
| Shared or Separate: | Shared |
| FY 2024-2023 Budget: | 385709 |
| FY 2023-2022 Budget: | 458476 |
| FY 2022-2021 Budget: | 380945 |
| FY 2021-2020 Budget: | 455808 |
| FY 2020-2019 Budget: | 383085 |
| Other Funding Sources: | N/a |
| Spending Authority: | See budget appropriations |
| Government Certificates Issued: | 163523 |
| Issued Certificate Descriptions: | "Issued" in this context means that a license was given by the department. |
| Government Certificates Revoked: | 89 |
| Revoked Certificate Descriptions: | "Revoked" refers to the situations where the Department has taken away a previously issued license. |
| Government Certificates Denied: | 87 |
| Denied Certificate Descriptions: | "Denied refers to both initial license applications that were rejected, along with applications for renewals of existing licenses that were rejected. |
| Government Certificates Penalties Against: | 63 |
| Penalty Certificate Descriptions: | "Penalties Against" refers to situations when an existing license holder had a license suspended and/or a fined levied against them. |
| Explanation of Effectiveness: | https://nebraskalegislature.gov/pdf/SurveyDocs/explanation1727884916.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 |
| Regulation Comparison: | https://nebraskalegislature.gov/pdf/SurveyDocs/comparison1727884916.pdf |
| Subject to Regulations of Act(LB407): | No |
| Survey Submitted: | October 2, 2024 11:01 AM |