August 5, 2021 - Introduced by Senator Testin, cosponsored by Representatives
Krug, Mursau and Subeck. Referred to Committee on Insurance, Licensing
and Forestry.

SB482,1,3 1An Act to amend 76.60 and 628.02 (1) (b) 8.; to repeal and recreate 632.977;
2and to create 628.34 (15) and 629.01 (5) (g) of the statutes; relating to:
3regulating travel insurance.

This bill adopts the model travel insurance act that was approved by the
National Association of Insurance Commissioners in 2018.

Current law regulates travel insurance in several ways, including authorizing
the commissioner of insurance to issue a limited lines travel insurance producer
license to intermediaries and allowing travel retailers to offer and disseminate travel
insurance under a limited lines travel insurance firm license, subject to various
requirements imposed on the travel insurance producer and travel retailer. The bill
maintains these requirements and allows third-party administrators, managing
general agents, and “travel administrators,” defined below, to apply for a limited
lines travel insurance producer license. The bill also regulates travel insurance in
additional ways.