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Committee votes to continue insurance regulatory sandbox in HB 184
Summary
The House Standing Committee on Banking and Insurance passed House Bill 184 to extend the insurance regulatory sandbox for another term, noting the program has not yet been used and may be folded into broader statewide language later.
The House Standing Committee on Banking and Insurance voted to give House Bill 184 a favorable report, extending the insurance regulatory sandbox for insurers.
Representative Clines, sponsor of the measure, told the committee the bill is "a continuation bill, specifically to continue the existence of the insurance regulatory sandbox." He said the continuation follows the five-year model used in earlier legislation and noted the state has not yet had an insurer use the sandbox. "There hasn't been, anyone that utilized the regulatory…
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