Posted: | May 19, 2023 11:59 AM |
---|---|
From: | Senator Kristin Phillips-Hill |
To: | All Senate members |
Subject: | Travel Insurance Regulatory Framework |
In the near future I will be introducing legislation to update the regulatory framework for travel insurance in the commonwealth, including provisions governing licensing and registration, which Pennsylvania enacted in 2018 (40 P.S. §§ 4601 et seq.) Travel insurance has been important to the economy for many years and continues to respond to consumer demand. Although the travel insurance market is well-established, travel insurance does not always fit squarely within insurance laws designed for major lines of authority. This legislation provides a comprehensive codification of the legal requirements specific to travel insurance, including distinguishing between insurance and non-insurance elements of Travel Protection Plans to establish the appropriate scope and reach of the regulatory framework. Additionally, the bill will be based on the Travel Insurance Model Act which has been adopted by the National Council of Insurance Legislators and the National Association of Insurance Commissioners. Specifically, this legislation:
Please join me in co-sponsoring this important piece of legislation. |
Introduced as SB943