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build that would create a state regulatory framework for the sale of pet insurance which covers pet illness and accidents Advanced from General file on Thursday Lincoln Senator Bo Ballard whos the sponsor of lb 296 said pet insurance is one of the fastest growing areas of the insurance industry the provisions of lb 296 will help provide needed protections to Nebraskans interested in purchasing pet insurance so they can make informed decisions about whats right for their family and pet Ballard said the bill is based on model legislation endorsed by the National Association of insurance Commissioners and is the result of more than two years of negotiations among stakeholders among other Provisions the bill would require pet insurers to provide disclosures regarding waiting periods claims schedules and exclusions for pre-existing conditions it also would require training for agents who sell pet insurance lb 296 would take effect in January of 2024 and violations of the Bills Provision