Enacts the "New York travel insurance act" regulating the licensing and registration of limited lines travel insurance producers and travel.
The New York travel insurance act regulates the licensing and registration of limited lines travel insurance producers and travel retailers, and the sale and marketing of travel insurance and related products. It defines terms such as "travel insurance," "limited lines travel insurance producer," and "travel retailer." The act requires travel insurance to be classified under an inland marine line of insurance, with certain exceptions. It mandates that travel insurance policies be in the form of individual, group, or blanket policies.
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