Bill > HB97

This bill establishes a comprehensive regulatory framework for travel insurance in Hawaii, creating new licensing and registration requirements for travel insurance producers and retailers. The legislation defines key terms like "travel insurance," "travel retailer," and "travel administrator," and outlines specific rules for how travel insurance can be sold and marketed. It requires limited lines travel insurance producers to register travel retailers, ensure employees receive proper training, and provide clear disclosures to consumers about insurance coverage. The bill mandates that travel insurance producers be responsible for their retailers' actions, prohibits certain sales practices like using opt-out options or marketing coverage as free, and requires insurers to pay appropriate taxes on premiums. The law classifies travel insurance under inland marine insurance and allows for individual, group, or blanket policies, with provisions for how coverage can be designed and distributed. The bill also includes consumer protections such as allowing purchasers to cancel a policy within a specified timeframe after receiving fulfillment materials and ensuring that marketing materials accurately represent the actual insurance policy. The new regulations aim to create transparency, protect consumers, and establish clear guidelines for travel insurance sales in the state.

Budget and Finance, Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=97&year=2025