Loading chat...
MN SF2069
Bill
Status
4/16/2012
Primary Sponsor
Dave Brown
Click for details
AI Summary
-
Replaces "travel baggage insurance" with "travel insurance" in Minnesota licensing statutes to broaden the definition of covered travel-related risks.
-
Establishes "travel retailers" as business entities authorized to offer and disseminate travel insurance on behalf of licensed travel insurance producers without requiring individual producer licenses.
-
Requires travel insurance producers to maintain registers of affiliated travel retailers, designate a responsible producer for compliance oversight, comply with fingerprinting requirements, and ensure retailer employees receive training on travel insurance products.
-
Permits travel retailers to provide general information about coverage, process applications, collect premiums, and perform other nonlicensable activities related to travel insurance sales.
-
Takes effect July 1, 2012.
Legislative Description
Travel insurance offer and dissemination regulations
Last Action
Secretary of State Chapter 157 04/04/12
4/16/2012