These changes in Nebraska House Bill 758 may affect your business:
Effective Date: July 21, 2016
- Prohibiting insurers from operating as a limited liability company, and also prohibits special purpose financial captive insurers from establishing as a limited liability company or partnership.
- A special purpose captive insurer is a domestic captive insurer that provides insurance or reinsurance protection to a counterparty (a domestic life insurer that is the captive insurer’s parent or an affiliated entity).
SOURCE: http://nebraskalegislature.gov/FloorDocs/Current/PDF/Intro/LB758.pdf