Nebraska Enacts Commercial Deregulation Law

Nebraska became the fourth state this year to enact a law simplifying the commercial lines rate and form filing process. The bill, introduced at the request of the Nebraska Department of Insurance, was referred to as the Property and Casualty Model Act. Kentucky, South Carolina and Virginia enacted commercial lines deregulation bills within the last month. Bills in Colorado and Maryland have been passed out of their respective legislatures and are awaiting their governors’ signatures. Nine additional states passed deregulation bills in 1999.