House Bill 755 - Travel Insurance Framework

• Creates comprehensive regulatory framework for selling travel insurance in North Carolina, including definitions for limited lines travel insurance producers, travel retailers, and travel administrators with specified licensing requirements.

• Establishes that travel insurance may cover trip cancellation, baggage loss, accident/disability, emergency evacuation, repatriation, and other travel-related risks, but excludes major medical plans for trips exceeding six months.

• Requires travel retailers offering insurance to provide consumers with material terms, claim filing procedures, cancellation processes, insurer contact information, and prohibits requiring insurance purchase as condition of travel service purchase.

• Mandates insurers pay premium tax on travel insurance sold to North Carolina residents and restricts marketing practices, including prohibiting negative option/opt-out enrollment and requiring 10-15 day refund periods before trip starts or claim filing.

• Classifies travel insurance as inland marine line of insurance for rating and filing purposes, with exceptions allowing accident and health line filing for certain health-related coverage combinations; effective January 1, 2020.