Nebraska2026Did Not Pass
LB1035
Limits on Homeowners Insurance Rate Increases
Last scannedAug 25, 2026, 3:18 AM
In one sentence
This bill limits how much insurance companies can raise homeowners' rates in a single year and sets rules for filing new rating systems.
What it does
- Caps rate increases at ten percent above the highest approved rate from the previous twelve months for filings on or after July 1, 2026.
- Requires insurers to file every rating system and any changes with the director before using them.
- Mandates that filings include an objective description of risks and a list of replaced manual pages.
- Allows directors to disapprove filings if they lack required information or propose inadequate premiums.
- Keeps individual risk correspondence confidential until the review is complete.
Who it affects
- Insurance companies selling homeowners insurance in Nebraska
- The director of insurance who reviews and approves rating systems
- Homeowners whose policies are subject to new rate filings
Limits and unknowns
- The bill text provided is truncated, so some specific details about discrimination rules are incomplete.
- This legislation was indefinitely postponed by the legislature on April 17, 2026.
Plain language
Terms to know
- Rating system
- A set of rules an insurer uses to calculate the price or premium for insurance.
- Director
- The state official responsible for reviewing and approving insurance filings.
Official record
Sources
Official summary
Change and provide limitations on the rating system an insurer can file under the Property Casualty Insurance Rate and Form Act
Official activity
Bill history
- Indefinitely postponed