LB587–Adopt the insurance regulatory sandbox act (Amended into LB92)

Introduced on January 17, 2023
Status: Final Reading




The Insurance Regulatory Sandbox Act would create a regulatory sandbox program under the Department of Insurance which would allow a participant in the program to temporarily test innovative insurance products or services on a limited and supervised basis. Sandboxes–typically related to advances in technology–are being implemented in different fields around the world, as innovators and regulators work to reconcile new methods of service with traditional methods of regulation.  The Platte Institute supports this bill.

Click here to read the bill and leave a comment for the hearing.

Last Action

Amended into LB92, advanced to Final Reading on April 25