Bill

Bill > A3913


NJ A3913

"Travel Insurance Act."


summary

Introduced
05/09/2022
In Committee
12/18/2023
Crossed Over
12/15/2022
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

"Travel Insurance Act."

AI Summary

This bill, the "Travel Insurance Act," establishes a comprehensive legal framework for the sale of travel insurance in the State of New Jersey. It defines key terms such as "travel insurance," "travel protection plans," and "travel administrators," and sets requirements for limited lines travel insurance producers and travel retailers to offer and disseminate travel insurance. The bill also addresses the taxation of travel insurance premiums, the marketing and sale of travel protection plans, and the classification of travel insurance as an inland marine line of insurance. The Commissioner of Banking and Insurance is granted authority to adopt rules and regulations to effectuate the purposes of the act.

Committee Categories

Business and Industry

Sponsors (5)

Last Action

Reported from Senate Committee, 2nd Reading (on 12/18/2023)

bill text


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