NEBRASKA WITH NEW LLC PROVISIONS

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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

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