An Act Regarding Travel Insurance in the Maine Insurance Code
Sec. 1. 24-A MRSA §601, sub-§31 is enacted to read:
Sec. 2. 24-A MRSA §1420-F, sub-§1, ¶H, as enacted by PL 2001, c. 259, §24, is amended to read:
Sec. 3. 24-A MRSA §1420-H, sub-§3, ¶B, as enacted by PL 2001, c. 259, §24, is amended to read:
Sec. 4. 24-A MRSA c. 90 is enacted to read:
LIMITED LINES TRAVEL INSURANCE
§ 7051. Short title
This chapter may be known and cited as "the Limited Lines Travel Insurance Act."
§ 7052. Definitions
As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings.
"Travel insurance" does not include a major medical plan that provides comprehensive medical protection for travelers with trips lasting 6 months or longer, including those working abroad and military personnel.
§ 7053. Licensure
§ 7054. Requirements
A limited lines travel insurance producer may authorize a travel retailer to offer and disseminate travel insurance only after the limited lines travel insurance producer has met the following requirements.
§ 7055. Brochures
§ 7056. Prohibited acts
§ 7057. Compensation
§ 7058. Policy; responsibilities; enforcement
This bill establishes a limited lines travel insurance license under the Maine Insurance Code. The bill regulates the practice of providing travel insurance to consumers in the State and sets out the requirements for allowing a travel retailer to offer and disseminate travel insurance.