Selling insurance for broken or stolen cell phones may have new rules

Legislators in Nebraska are mulling over a bill that would require cell phone vendors to carry insurance licenses. The bill, proposed by Senator Dennis Utter of Hastings, Nebraska, would make it mandatory for vendors to obtain producer licenses if they offer policies that cover loss, theft or damage – cell phone insurance . The measure has received unanimous support from the state’s Senate thus far. This seems to be a trend in a number of states around the country. With nine other states already having similar laws in place, with…

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