insurance

North Carolina now joins several other states that have created industry-specific sandboxes, helping innovative businesses avoid problematic and outdated regulations. 
West Virginia’s Cardinal Institute proved instrumental in ushering House Bill 2221 through their state legislature before receiving Governor Jim Justice’s signature. West Virginia now joins several other states that have created industry-specific sandboxes, helping innovative businesses avoid problematic or outdated regulations.
The insurance industry is often bloated with extreme barriers for entry but is ripe for innovation. Rather than shutting down innovative companies or preventing creative products from ever making it onto the market, the insurance sandbox proposed in Senate Bill 55 will present companies with an opportunity to offer their unique goods and services in the marketplace that otherwise wouldn’t be allowed under the current regulations in place.
This bill would allow for the creation of an insurance sandbox in the state of Utah.
This bill loosens the restrictions on providing proof of vehicle insurance to law enforcement.

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