On March 26, 2019, Kentucky Governor Matt Bevin signed new legislation that establishes the nation’s first comprehensive insurance regulatory “Sandbox,” making the Commonwealth of Kentucky a true innovation hub for the insurance and technology industries (InsurTech). The Sandbox will allow innovators to come to the Bluegrass State and “beta test” innovative products, processes, methods or procedures relating to the sale, solicitation, negotiation, fulfillment, administration or use of any product or service subject to regulation by the Kentucky Department of Insurance.
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