Nebraska Revised Statutes Chapter 44. Insurance § 44-9407. Sandbox testing period; termination or extension; requirements

(1) At least thirty days before the end of the twelve-month regulatory sandbox testing period, a sandbox participant shall:

(2) Subject to subsection (3) of this section, if the department does not receive notification as required by subsection (1) of this section, the regulatory sandbox testing period ends at the end of the twelve-month testing period and the sandbox participant shall immediately stop offering each innovative insurance product or service being tested.

(3) If a test includes offering an innovative insurance product or service that requires ongoing duties, the sandbox participant shall continue to fulfill those duties or arrange for another person to fulfill those duties after the date on which the sandbox participant exits the regulatory sandbox.