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DE SB62
Bill
Status
5/31/2023
Primary Sponsor
Spiros Mantzavinos
Click for details
AI Summary
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Establishes comprehensive regulatory framework for travel insurance sales in Delaware, including definitions for travel insurance, travel administrators, travel retailers, and limited lines travel insurance producers.
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Allows travel insurance to be sold under individual, group, or blanket policies and permits combined "travel protection plans" that bundle travel insurance, travel assistance services, and cancellation fee waivers if clearly disclosed to consumers.
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Requires travel retailers and limited lines travel insurance producers to provide specific consumer disclosures including coverage details, claim filing procedures, cancellation processes, insurer contact information, and notices that insurance purchase is not required.
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Prohibits negative option or opt-out enrollment for travel insurance, requires 10-15 day free cancellation periods depending on delivery method, and applies state unfair trade practices law to travel insurance marketing and sales.
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Classifies travel insurance as an inland marine line of insurance for rate and form filing purposes, exempts travel administrators from adjuster licensing requirements, and imposes premium tax obligations on insurers for travel insurance sold to Delaware residents.
Legislative Description
An Act To Amend Title 18 Of The Delaware Code Relating To Travel Insurance.
Last Action
Signed by Governor
5/31/2023