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MS SB2230
Bill
AI Summary
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Creates the "Limited Lines Travel Insurance Act" establishing a licensing framework for selling travel insurance covering trip cancellation/interruption, lost baggage, rental vehicle damage, and sickness/accident/death during travel
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Authorizes travel retailers (travel agencies and similar businesses) to offer and sell travel insurance under a limited lines travel insurance producer license without obtaining a full insurance producer license
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Requires limited lines travel insurance producers to maintain a registry of travel retailers selling insurance on their behalf and submit it to the Department of Insurance upon request
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Mandates that travel retailers provide customers with written disclosures including insurer contact information, claims filing process, and a statement that purchasing travel insurance is not required to buy other travel services
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Exempts limited lines travel insurance producers and registered travel retailers from insurance examination and continuing education requirements, effective January 1, 2016
Legislative Description
Limited Lines Travel Insurance Act; enact.
Last Action
Approved by Governor
3/17/2015