AN ACT TO ALLOW THE DEPARTMENT OF INSURANCE TO LICENSE NATIONAL TRAVEL INSURANCE PRODUCERS TO SELL TRAVEL INSURANCE THROUGH THIRD-PARTY TRAVEL RETAILERS. Enacted July 18, 2013. Effective January 1, 2014.
LIMITED LINES TRAVEL INSURANCE.
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| View NCGA Bill Details(link is external) | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT TO ALLOW THE DEPARTMENT OF INSURANCE TO LICENSE NATIONAL TRAVEL INSURANCE PRODUCERS TO SELL TRAVEL INSURANCE THROUGH THIRD-PARTY TRAVEL RETAILERS.Intro. by Dockham.
Status: Ch. SL 2013-285 (House Action) (Jul 18 2013)
Bill History:
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Tue, 19 Mar 2013 House: Filed(link is external)
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Wed, 20 Mar 2013 House: Passed 1st Reading(link is external)
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Wed, 20 Mar 2013 House: Ref To Com On Insurance(link is external)
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Thu, 11 Apr 2013 House: Reptd Fav Com Substitute(link is external)
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Thu, 11 Apr 2013 House: Re-ref Com On Finance(link is external)
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Wed, 24 Apr 2013 House: Reptd Fav(link is external)
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Wed, 24 Apr 2013 House: Cal Pursuant Rule 36(b)(link is external)
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Wed, 24 Apr 2013 House: Placed On Cal For 04/25/2013(link is external)
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Thu, 25 Apr 2013 House: Passed 2nd Reading(link is external)
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Thu, 25 Apr 2013 House: Passed 3rd Reading(link is external)
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Mon, 29 Apr 2013 Senate: Rec From House(link is external)
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Mon, 29 Apr 2013 Senate: Passed 1st Reading(link is external)
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Mon, 29 Apr 2013 Senate: Ref To Com On Insurance(link is external)
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Thu, 6 Jun 2013 Senate: Reptd Fav Com Substitute(link is external)
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Thu, 6 Jun 2013 Senate: Com Substitute Adopted(link is external)
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Thu, 6 Jun 2013 Senate: Re-ref Com On Finance(link is external)
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Tue, 25 Jun 2013 Senate: Reptd Fav(link is external)
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Wed, 26 Jun 2013 Senate: Withdrawn From Cal(link is external)
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Wed, 26 Jun 2013 Senate: Placed On Cal For 06/27/2013(link is external)
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Thu, 27 Jun 2013 Senate: Withdrawn From Cal(link is external)
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Thu, 27 Jun 2013 Senate: Held in Senate Clerk's Office(link is external)
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Mon, 1 Jul 2013 Senate: Withdrawn From Senate Clerk's Office(link is external)
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Mon, 1 Jul 2013 Senate: Placed on Today's Calendar(link is external)
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Mon, 1 Jul 2013 Senate: Passed 2nd Reading(link is external)
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Mon, 1 Jul 2013 Senate: Passed 3rd Reading(link is external)
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Wed, 3 Jul 2013 House: Rec From Senate(link is external)
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Wed, 3 Jul 2013 House: Rec To Concur S Com Sub(link is external)
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Mon, 8 Jul 2013 House: Cal Pursuant 36(b)(link is external)
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Mon, 8 Jul 2013 House: Placed On Cal For 07/09/2013(link is external)
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Tue, 9 Jul 2013 House: Concurred In S/Com Sub(link is external)
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Tue, 9 Jul 2013 House: Ordered Enrolled(link is external)
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Wed, 10 Jul 2013 Ratified(link is external)
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Thu, 11 Jul 2013 Pres. To Gov. 7/11/2013(link is external)
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Thu, 18 Jul 2013 Signed by Gov. 7/18/2013(link is external)
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Thu, 18 Jul 2013 Ch. SL 2013-285(link is external)
H 340/S.L. 2013-285
Bill Summaries:
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Summary date: Jul 22 2013 - View Summary
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Bill H 340 (2013-2014)Summary date: Jun 6 2013 - View Summary
Senate committee substitute to the 2nd edition makes the following changes. Amends the definition of limited lines travel insurance producer (new GS 58-33-19) tomean a licensed insurance producer as defined by GS 58-33-10(7), andto also include a limited lines producer appointed by an insurer, as set forth in GS 58-33-49, acting as a landlord or real estate broker engaged in the rental or management of residential property for vacation rental as defined in GS Chapter 42A.
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Bill H 340 (2013-2014)Summary date: Apr 11 2013 - View Summary
House committee substitute makes the following changes to the 1st edition.
Removes the provisions of the bill from GS Chapter 58, Article 44B, and places them in GS Chapter 58, Article 33, to comprise new GS Chapter 58-33-19 (Limited lines travel insurance).
Makes technical, conforming, and clarifying changes.
Changes the effective date to January 1, 2014 (was, effective when the act becomes law).
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Bill H 340 (2013-2014)Summary date: Mar 19 2013 - View Summary
Creates new GS 58, Article 44B (Limited Line Travel Insurance), providing definitions to be used in this section, including limited lines travel insurance producer, offer and disseminate, travel insurance, and travel retailer. Provides that the Commissioner of Insurance (Commissioner) can issue to any indivdual or business entity a limited lines travel insurance producer license, authorizing the limited lines travel insurance producer to sell, solicit, or negotiate travel insurance through a licensed insurer.
Provides that a travel retailer can offer and disseminate travel insurance, under the license described above, only if certain conditions are met, found in GS 58-44B-2(b).
Provides that any travel retailer offering or disseminating travel insurance will make available to prospective purchasers brochures or other written materials that must include all of the following: (1) identity and contact information of the insurer and the producer, (2) an explanation that travel insurance is not required in order to purchase any other product or service from the travel retailer, (3) a disclaimer that an unlicensed travel retailer is permitted to provide general information about the insurance offered but cannot answer technical questions about the terms and conditions of the insurance offered by the travel retailer or evaluate adequacy of existing coverage.
A travel retailer's employee who is not licensed cannot evaluate or interpret technical terms, benefits, and conditions of the travel insurance coverage, evaluate or provide advice on a prospective puchaser's existing insurance coverage, or hold itself out as a licensed insurer, licensed producer, or insurance expert.
Provides that travel insurance can be provided under an individual policy or a group or master policy. The insurance producer is responsible for the acts of the travel retailer and will use reasonable means to ensure compliance by the travel retailer.
Provides that the limited lines travel insurance producer will be subject to the provisions of Article 63 and to the full enforcement of the Commisssioner granted by Article 2.
View: All Summaries for Bill