VANCOUVER, British Columbia, June 08, 2020 (GLOBE NEWSWIRE) — 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. Inc.
InsuraGuest Technologies Inc. (TSX.V: ISGI) is a software company that utilizes its proprietary insurtech (insurance + technology) platform to deliver digital insurance to its customers. Its first product, InsuraGuest Hospitality, delivers custom Hospitality Liability coverages to hotels and vacation rentals. InsuraGuest coverages are purchased by the hotels and vacation rental properties, which can address covered claims from guests and their room occupants during their stay.
For more information, visit the company’s website at www.InsuraGuest.com