Utah Approves InsuraGuest’s Risk Purchasing Application
June 08 2020 - 8:00AM
via NetworkWire – InsuraGuest Technologies Inc. (TSX.V: ISGI) (OTC:
IGSTF) (the “Company”), is pleased to announce that the Utah
Department of Insurance has found the Company’s wholly owned U.S.
subsidiary InsuraGuest Risk Purchasing Group, LLC (“RPG”) to be in
compliance with the requirements set forth in section 31A-15-201 of
the Utah Code (the Risk Retention Groups Act). Accordingly,
RPG is registered and authorized to do business in Utah as of
acceptance date, June 4, 2020, with the Utah Insurance
Department.
“This is the last piece of the puzzle we needed to
complete our Master Policy for our RPG’s Hospitality Liability
coverages,” states Douglas Anderson, chairman and CEO of
InsuraGuest. “Having the Master Policy allows our RPG to
issue certificates directly to our members, streamlining the
process that would otherwise require the issuance of individual
polices through our underwriter. It also gives us the power
to complete our integration with vacation rental property
management system Hostfully, which we expect to finish and launch
in the very near future.”
InsuraGuest Insurance Agency will administer its
policies in all 50 states and the District of Columbia.
About InsuraGuest Technologies
Inc. Harnessing the Power of Technology to Reinvent
Insurance
InsuraGuest Technologies (TSX.V: ISGI) (OTC: IGSTF)
is an insurtech (insurance + technology) company that’s disrupting
the insurance landscape by utilizing its proprietary software
platform to deliver digital insurance to multiple sectors. It is
transforming the way insurance is delivered with the revolutionary
idea that insurance should be bought, not sold. For more
information, visit the Company’s website at
www.InsuraGuest.com.Forward-Looking Statements
Information set forth in this news release contains
forward-looking statements that are based on assumptions as of the
date of this news release. These statements reflect management’s
current estimates, beliefs, intentions and expectations. They are
not guarantees of future performance. The Company cautions that all
forward-looking statements are inherently uncertain, and that
actual performance may be affected by a number of material factors,
many of which are beyond the Company’s control. Except as
required under applicable securities legislation, the Company
undertakes no obligation to publicly update or revise
forward-looking information. NEITHER TSX VENTURE EXCHANGE
NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN
THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Company Contact:Investor Relations +1-212-466-6200
ext. 1Investor@InsuraGuest.com
Corporate Communications:
InvestorBrandNetwork (IBN) Los Angeles, California
www.InvestorBrandNetwork.com310.299.1717
OfficeEditor@InvestorBrandNetwork.com
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