NY S05304

Creates a new licensing category for "limited lines travel insurance producers" who can sell travel insurance, and establishes a registration system for travel retailers who offer travel insurance on behalf of licensed producers

Defines travel insurance to cover trip cancellation/interruption, lost baggage, rental vehicle damages, sickness/accident/death during travel, emergency evacuation, and repatriation of remains, explicitly excluding major medical plans for trips over six months

Requires travel retailers to provide consumers with clear disclosures about coverage terms, claims processes, and insurer contact information, and prohibits "opt-out" sales practices that would automatically enroll consumers in coverage

Mandates that travel protection plans bundling insurance with travel assistance services and cancellation fee waivers must clearly disclose each component and allow consumers to obtain pricing information for each feature separately

Establishes a free-look period allowing policyholders to cancel for a full refund within 15 days of postal mail delivery or 10 days of electronic delivery, provided they haven't started a trip or filed a claim