TYPE AND CLASSES:
2-41 Resident Travel Insurance Agent (Firm)
“TRAVEL INSURANCE” is defined by law as insurance coverage for personal risks incidental to planned travel, including:
(a) Interruption or cancellation of trip or event;
(b) Loss of baggage or personal effects;
(c) Damages to accommodations or rental vehicles;
(d) Sickness, accident, disability, or death occurring during travel;
(e) Emergency evacuation;
(f) Repatriation of remains; or
(g) Any other contractual obligations to indemnify or pay a specified amount to the traveler upon determinable contingencies related to travel.
At the time of licensure, the limited lines travel insurance agent establishes and maintains a register on the department’s website and appoints each travel retailer that offers travel insurance on behalf of the limited lines travel insurance agent. The limited lines travel insurance agent must maintain and update the register, which must include the travel retailer’s federal tax identification number and the name, address, and contact information of the travel retailer and an officer or person who directs or controls the travel retailer’s operations. The limited lines travel insurance agent shall submit the register to the department upon reasonable request.
The limited lines travel insurance agent must require each employee and each authorized representative of the travel retailer whose duties include offering and disseminating travel insurance to receive a program of instruction or training. The training material must, at a minimum, contain adequate instructions on the types of insurance offered, ethical sales practices, and required disclosures to prospective purchasers.
The Designated Responsible Producer is responsible for compliance with the travel insurance laws and regulations applicable to the limited lines travel insurance producer and its registrants