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MN SF2069

Bill

Status

Passed

4/16/2012

Primary Sponsor

Dave Brown

Click for details

Origin

Senate

87th Legislature 2011-2012

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

Committee Referrals

Commerce and Consumer Protection2/23/2012

Full Bill Text

No bill text available