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NY A01457
Bill
Status
1/9/2025
Primary Sponsor
Pamela Hunter
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AI Summary
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Creates a comprehensive regulatory framework for travel insurance covering trip cancellation/interruption, lost baggage, travel-related sickness/accident/death, emergency evacuation, and repatriation of remains
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Establishes licensing requirements for "limited lines travel insurance producers" and registration requirements for travel retailers who sell travel insurance on their behalf
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Requires travel retailers' employees to complete training on insurance types, ethical sales practices, and required disclosures before offering travel insurance to customers
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Prohibits "opt-out" or negative option sales practices that require consumers to affirmatively deselect travel insurance coverage, and bans marketing blanket travel insurance as "free"
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Provides consumers a free-look cancellation period of 15 days (postal mail delivery) or 10 days (electronic delivery) to cancel travel protection plans for a full refund, unless they have started their trip or filed a claim
Legislative Description
Enacts the "New York travel insurance act" regulating the licensing and registration of limited lines travel insurance producers and travel retailers, and the sale and marketing of travel insurance and related products.
Last Action
substituted by s5304
6/13/2025