Adds to existing law to provide requirements for limited lines travel insurance producers.
LIMITED LINES TRAVEL INSURANCE ACT - Adds to existing law to provide requirements for limited lines travel insurance producers.
STATEMENT OF PURPOSE
This legislation would authorize the Department of Insurance to issue a limited lines travel insurance producer license to qualified applicants for provision of travel insurance through travel retailers. The legislation requires the licensed limited lines travel insurance producer and the travel retailer to meet administrative and disclosure requirements, such as including the producer's identification information and making certain disclosures to the consumer in the marketing materials and fulfillment packages, and requiring the producer to establish and maintain a transaction record.
LATEST ACTION
Reported Printed; referred to Commerce & Human Resources