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LB 1035

Change and provide limitations on the rating system an insurer can file under the Property Casualty Insurance Rate and Form Act

109th Legislature (2025-2026) Introduced by Machaela Cavanaugh

Nebraska bill LB 1035 restricts insurance rating system methodologies insurers can file, potentially affecting property-casualty insurance pricing and availability.

Notice of hearing for February 23, 2026
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Bill Summary · LB 1035

Legislative bill overview

LB 1035 modifies Nebraska's Property Casualty Insurance Rate and Form Act by establishing new limitations on the rating systems that insurers can file with state regulators. The bill appears designed to restrict how insurance companies can structure and implement their pricing methodologies, though specific limitations are not detailed in the available information.

Why is this important

Insurance rating systems directly affect what consumers pay for property and casualty coverage (auto, home, etc.). Changes to rating rules can impact insurance affordability, market competition, and insurer profitability. This type of regulation reflects the balance between consumer protection and allowing insurers viable business models.

Potential points of contention

  • Insurer concerns: Insurance companies may argue that new limitations reduce their ability to accurately price risk, potentially leading to higher rates for all customers or market withdrawal from certain regions
  • Consumer advocates: Questions about whether the limitations go far enough to address discriminatory or opaque rating practices, and whether they adequately protect vulnerable populations
  • Implementation complexity: Unclear how existing filed rating systems would be grandfathered, modified, or eliminated under new rules, creating regulatory and operational uncertainty

Compiled from official sources — confirm details with the bill’s official record.

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