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MI SB0418
Bill
AI Summary
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Exempts persons whose only insurance sales are travel insurance sold in conjunction with and incidental to planned travel from Michigan insurance producer licensing requirements
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Defines "travel insurance" as limited lines coverage for personal risks incident to planned travel, including trip cancellation, baggage loss, accommodation/rental vehicle damages, and sickness or accident during travel
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Excludes major medical plans lasting 6 months or longer (such as expatriate or military deployment coverage) from the travel insurance definition
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Became effective immediately upon Governor approval on June 11, 2014
Legislative Description
Insurance; other; person selling travel insurance; exempt from licensing requirement. Amends sec. 1202 of 1956 PA 218 (MCL 500.1202).
Insurance, other
Last Action
Assigned Pa 0150'14 With Immediate Effect
6/12/2014