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Committee hears bill to let insurers pause suspected exploitative disbursements for seniors
Summary
LB1138 would create a 'trusted contact'/third‑party framework allowing insurers to delay disbursements or transactions when they suspect financial exploitation of seniors or vulnerable adults, notify permissible third parties and the Department of Insurance, and receive civil and administrative immunities for good‑faith actions.
Senator Bob Holstrom introduced LB1138 as the Nebraska Protection of Seniors from Insurance Exploitation Act, modeled after existing trusted‑contact laws for banks and securities firms. The bill sets processes and timelines for insurers to delay disbursements or transactions when exploitation of an…
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