Substitute Bill No. 5411 Summary

• Establishes regulatory framework for travel insurance in Connecticut, classifying it primarily as inland marine insurance with options for accident and health classification when covering sickness, disability, or death during travel.

• Creates "limited lines travel insurance producer" license allowing individuals and businesses to sell travel insurance through licensed insurers, with designated travel retailers authorized to offer and disseminate plans without full insurance producer licensing.

• Requires comprehensive consumer disclosures including material policy terms, claim filing processes, cancellation procedures, preexisting condition exclusions, and prohibits negative option (opt-out) enrollment for travel insurance purchases.

• Mandates travel protection plans (combining insurance, assistance services, and cancellation fee waivers) disclose component details at purchase and provide refund periods of 10-15 days depending on delivery method before trip departure or claim filing.

• Establishes licensing fees ($100-$650), compliance standards, tax treatment, and enforcement mechanisms for limited lines producers, travel administrators, and designated travel retailers, effective October 1, 2022.