§ 18-607 — Exit requirements

A. At least thirty days before the end of the twenty-four-month property technology sandbox testing period, a sandbox participant must notify the chief executive officer that the sandbox participant will exit the property technology sandbox, wind down its test and cease offering any innovative property products or services in the property technology sandbox within sixty days after the twenty-four-month testing period ends.

B. If the chief executive officer does not receive notification pursuant to subsection A of this section, the property technology testing period ends at the end of the twenty-four-month testing period and the sandbox participant must immediately cease offering innovative property products or services.

C. If a test includes offering products or services that require ongoing duties, the sandbox participant must continue to fulfill those duties or arrange for another person to fulfill those duties after the date the sandbox participant exits the property technology sandbox.