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Home » US Law » 2022 Vermont Statutes » Title 8 - Banking and Insurance » Chapter 148 - Travel Insurance

§ 7122. Scope and purpose

§ 7122. Scope and purpose (a) The purpose of this chapter is to promote the public welfare by creating a comprehensive legal framework within which travel insurance may be sold in Vermont. (b) The requirements of this chapter apply to travel insurance that covers any resident of this State, and is sold, solicited, negotiated, or […]

§ 7123. Definitions

§ 7123. Definitions As used in this chapter: (1) “Aggregator site” means a website that provides access to information regarding insurance products from more than one insurer, including product and insurer information, for use in comparison shopping. (2) “Blanket travel insurance” means a policy of travel insurance issued to any eligible group providing coverage for […]

§ 7124. Licensing and registration

§ 7124. Licensing and registration (a) The Commissioner may issue to an individual or a business entity that has complied with the requirements of this chapter and filed an application for such limited lines travel insurance producer license in a form and manner prescribed by the Commissioner, a limited lines travel insurance producer license, which […]

§ 7125. Premium tax

§ 7125. Premium tax (a) A travel insurer shall pay premium tax, as provided in 32 V.S.A. § 8551, on travel insurance premiums paid by any of the following: (1) a primary policyholder who is a resident of this State; (2) a primary certificate holder who is a resident of this State who elects coverage […]

§ 7126. Travel protection plans

§ 7126. Travel protection plans A travel protection plan may be offered for one price for the combined features that the travel protection plan offers in this State if: (1) 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, […]

§ 7127. Sales practices

§ 7127. Sales practices (a) All persons offering travel insurance to residents of this State are subject to chapter 129 of this title, 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 travel […]

§ 7128. Travel administrators

§ 7128. Travel administrators (a) A person shall not act or represent themself as a travel administrator for travel insurance in this State unless that person: (1) is a licensed property and casualty insurance producer in this State for activities permitted under that producer license; (2) holds a valid managing general agent license in this […]

§ 7129. Policy

§ 7129. Policy (a) Notwithstanding any other provision of this title to the contrary, travel insurance shall be classified and filed for purposes of rates and forms under an inland marine line of insurance; provided, however, that travel insurance that provides coverage for sickness, accident, disability, or death occurring during travel, either exclusively or in […]

§ 7130. Rulemaking authority

§ 7130. Rulemaking authority The Commissioner may adopt rules to implement the provisions of this chapter. (Added 2021, No. 139 (Adj. Sess.), § 10, eff. August 25, 2022.)