Insurance sandbox.

Wyoming's SF 55 creates an "Insurance Sandbox" program allowing innovative insurance products or services to be tested in the state with temporary waivers of certain existing insurance laws. The bill directly affects insurance companies or innovators developing new products that can't currently be offered due to regulatory barriers. Key provisions let the insurance commissioner grant limited waivers for up to 24 months (extendable), requiring applicants to provide a consumer protection bond and follow specific oversight rules. The program permits waivers of numerous insurance statutes listed in the bill, but does not exempt participants from civil liability, criminal laws, or consumer protection regulations.