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MS SB2230

Bill

Status

Passed

3/17/2015

Primary Sponsor

Dean Kirby

Click for details

Origin

Senate

2015 Regular Session

AI Summary

  • 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

  • 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

  • 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

  • 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

  • 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

Committee Referrals

Insurance1/16/2015

Full Bill Text

No bill text available