NE LB293

Amends Nebraska's Professional Employer Organization Registration Act to establish new requirements for self-funded health benefit plans offered by PEOs to covered employees, requiring use of a licensed third-party administrator, trust accounts for plan assets, sound actuarial reserves, and quarterly reporting to the Department of Labor

Self-funded health plans must obtain stop-loss insurance covering at least 125% of expected health claims costs on an aggregate basis, with 30-day notice required before insurer termination

Authorizes the Department of Labor to hold compliance hearings for PEOs with non-compliant self-funded health plans, with 30 days written notice required before hearings

Department may issue compliance orders following hearings and must revoke PEO registration within 30 days if the organization fails to comply with the order within 30 days

Removes prior requirement that employee welfare benefit plans including health benefit plans be "fully insured" to qualify as a single employee welfare benefit plan exempt from multiple employer welfare arrangement registration requirements