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CT SB00369

Bill

Status

Introduced

3/2/2016

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

Senate

2016 General Assembly

AI Summary

  • Establishes licensing and regulatory framework for "limited lines travel insurance producers" to sell, solicit, or negotiate travel insurance through licensed insurance companies, effective October 1, 2016.

  • Permits unlicensed travel retailers to offer and disseminate travel insurance if designated by a licensed limited lines travel insurance producer, provided they do not evaluate policy terms or provide insurance advice.

  • Requires limited lines travel insurance producers to maintain a registry of designated travel retailers, designate a licensed insurance producer employee for compliance oversight, and ensure employee training on ethical sales practices and required disclosures.

  • Mandates that producers and retailers provide customers with policy descriptions, claims procedures, cancellation information, and contact details for the insurance company and producer before purchase.

  • Establishes violations by producers as unfair or deceptive insurance practices and violations by retailers as unfair or deceptive trade practices under existing state law.

Legislative Description

An Act Regulating The Offer And Dissemination Of Travel Insurance.

Last Action

Favorable Report, Tabled for the Calendar, Senate

4/19/2016

Committee Referrals

Judiciary4/13/2016
Insurance and Real Estate3/2/2016

Full Bill Text

No bill text available