Bill > HB2087

This bill establishes a new legal framework for travel insurance in Washington State, defining what constitutes travel insurance and setting forth regulations for its sale and marketing. It clarifies that "travel insurance" covers personal risks related to planned travel, such as trip cancellation, lost baggage, or medical issues during travel, but excludes major medical plans. The bill introduces the concept of a "limited lines travel insurance producer" and a "travel retailer," outlining licensing and registration requirements for these entities. It also specifies that travel insurance will be classified and filed under an "inland marine" line of insurance, with some exceptions for health-related coverages. The bill prohibits unfair trade practices related to travel insurance, such as offering policies that could never result in a claim payout or marketing blanket travel insurance as free. Additionally, it addresses the taxation of travel insurance premiums and requires clear disclosure of coverage details to consumers, including the option to cancel within a specified period for a full refund. The new regulations will take effect on January 1, 2027.

Budget and Finance, Business and Industry

https://app.leg.wa.gov/billsummary?BillNumber=2087&Year=2025&Initiative=false