NE LR199

Proposes an interim study to examine causes of recent homeowner's insurance premium increases in Nebraska and identify legislative policy options to address them

Directs analysis of insurance market conditions including premium history, insurer availability, number of companies operating in Nebraska, and use of replacement cost versus actual cash value policies

Requires review of legislative actions taken by other states to address insurance cost and availability, as well as policy options to encourage storm-resistant building materials

Examines contractor practices including post-assignment of policy rights and benefits, compliance with the Insured Homeowners Protection Act, and litigation costs from contractor lawsuits against insurers

Assigns the Banking, Commerce and Insurance Committee to conduct the study and report findings with recommendations to the Legislative Council or Legislature