Bill

Bill > A3696


NJ A3696

"Travel Insurance Act."


summary

Introduced
02/12/2024
In Committee
05/20/2024
Crossed Over
Passed
Dead

Introduced Session

2024-2025 Regular Session

Bill Summary

"Travel Insurance Act."

AI Summary

This bill establishes a comprehensive legal framework for travel insurance sales in New Jersey, defining key terms and creating regulations for how travel insurance can be offered, sold, and administered. The bill defines travel insurance as coverage for personal risks related to planned travel, including trip cancellation, baggage loss, medical emergencies, and evacuation, while explicitly excluding major medical plans. It creates a licensing process for limited lines travel insurance producers and travel retailers, specifying that travel retailers can offer insurance only under the direction of a licensed producer and with specific training and disclosure requirements. The bill mandates that insurers pay premium taxes based on the policyholder's state of residence, requires clear disclosures about travel protection plans, and prohibits certain unfair practices like marketing blanket travel insurance as free or using negative option sales techniques. The legislation classifies travel insurance under inland marine insurance for regulatory purposes and allows for individual, group, and blanket policy formats. Travel administrators must be licensed, and insurers are responsible for their actions. The bill aims to provide consumer protection while creating a structured approach to selling and managing travel insurance in the state, with implementation set to begin 180 days after enactment.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Assembly Floor Amendment Passed (Quijano) (on 05/22/2025)

bill text


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