24-A §7053. Licensure; nonlicensed activities; compensation
§7053. Licensure; nonlicensed activities; compensation 1. Issuance of license. The issuance of a license is governed by this subsection. A. Upon receipt of an application in the form and manner prescribed by the superintendent, the superintendent may issue a supervising travel insurance producer license, which is a limited license, to a business entity […]
24-A §7054. Requirements
§7054. Requirements A travel retailer is authorized to offer and disseminate travel insurance on behalf of and under the authority of a supervising travel insurance producer if the following requirements are met. [PL 2015, c. 133, §4 (NEW).] 1. Disclosure. The supervising travel insurance producer or travel retailer shall provide to purchasers of travel […]
24-A §7055. Prohibited acts
§7055. Prohibited acts An employee or representative of a travel retailer who is not licensed as an insurance producer may not: [PL 2015, c. 133, §4 (NEW).] 1. Technical terms. Evaluate or interpret the technical terms, benefits and conditions of the offered travel insurance coverage; [PL 2015, c. 133, §4 (NEW).] 2. Advice. […]
24-A §7056. Policy; responsibilities; enforcement; standards
§7056. Policy; responsibilities; enforcement; standards 1. Policy. Notwithstanding any provision of this Title to the contrary, travel insurance rates and forms must be filed with and approved by the superintendent. For purposes of such filings, travel insurance must be classified and filed for purposes of rates and forms as inland marine insurance, except that travel […]
24-A §7057. Travel protection plans
§7057. Travel protection plans A travel protection plan composed of combined features may be offered for one price if: [PL 2021, c. 354, §14 (NEW).] 1. Disclosures. The travel protection plan clearly discloses to the consumer, at or prior to the time of purchase, that it includes travel insurance, travel assistance services and cancellation […]
24-A §7058. Sales practices
§7058. Sales practices 1. Trade practices and frauds applicability. All persons offering travel insurance to residents of this State are subject to chapter 23, except as otherwise provided in this section. In the event of a conflict between this chapter and other provisions of this Title regarding the sale and marketing of travel insurance and […]
24-A §7059. Travel administrators
§7059. Travel administrators 1. License required. Notwithstanding any provision of this Title to the contrary, a person may not act or represent itself as a travel administrator for travel insurance in the State unless that person: A. Is a licensed property and casualty insurance producer in the State for activities permitted under that producer […]
24-A §7003. Requirements for sale of portable electronic device insurance
§7003. Requirements for sale of portable electronic device insurance 1. Brochures. At every location where portable electronic device insurance is offered to customers, brochures or other written materials must be made available to a prospective customer that: A. Disclose that portable electronic device insurance may provide a duplication of coverage already provided by a […]
24-A §7060. Rulemaking
§7060. Rulemaking The superintendent may adopt rules to implement the provisions of this chapter. Rules adopted pursuant to this section are routine technical rules as defined in Title 5, chapter 375, subchapter 2‑A. [PL 2021, c. 354, §17 (NEW).] SECTION HISTORY PL 2021, c. 354, §17 (NEW).
24-A §7004. Authority of vendors
§7004. Authority of vendors 1. Requirements for employees and authorized representatives of vendors. An employee or authorized representative of a vendor may sell or offer portable electronic device insurance to a customer and is not subject to licensure as an insurance producer under this chapter if: A. The vendor obtains a limited lines license […]