Provide requirements for life insurance policies

LB 232 requires life insurance companies in Nebraska to provide at least 30 days' written notice before a policy lapses due to unpaid premiums, specifically for policies assigned as security for loans. Insurers may charge up to $2.50 per notice for this service, and lenders (assignees) can formally request these notices in writing. Additionally, Nebraska residents aged 65+ can designate a third party (e.g., family member) to receive policy notices about cancellation or non-renewal, with both the senior and third party needing to submit written requests to the insurer. The bill mandates insurers to send these notices to both the policyholder and the designated third party, while clarifying that this does not affect existing contractual rights.