HB 654 Summary

• Authorizes the director to issue limited lines travel insurance producer licenses to individuals or entities that meet specified requirements, allowing them to sell, solicit, or negotiate travel insurance through licensed insurers.

• Defines "limited lines travel insurance producer" as a licensed managing general underwriter, managing general agent, third party administrator, or licensed insurance producer designated as the travel insurance supervising entity.

• Permits unlicensed travel retailers to offer and disseminate travel insurance on behalf of a licensed limited lines travel insurance producer, provided the producer establishes and maintains a register of participating retailers and ensures compliance with training, disclosure, and regulatory requirements.

• Requires travel retailers offering travel insurance to provide customers with material terms of coverage, claim filing procedures, cancellation processes, and contact information for the insurer and limited lines producer, and explicitly state that insurance purchase is not required to buy other services.

• Prohibits unlicensed travel retailer employees from evaluating insurance terms, advising on existing coverage, or representing themselves as licensed insurers or producers.