44-9402. Purpose of act.
50 words·~1 min read·
/ne/chapter-44/44-9402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The purpose of the Insurance Regulatory Sandbox Act is to create a regulatory sandbox program under the Department of Insurance which allows a participant to temporarily test innovative insurance products or services on a limited basis without otherwise being licensed or authorized to act under the laws of the state.