New Jersey S2783, the "Travel Insurance Act," establishes a comprehensive legal framework for selling travel insurance in the state.
The Travel Insurance Act aims to create a comprehensive legal framework for the sale of travel insurance in New Jersey. It defines key terms such as "travel insurance," "travel assistance services," and "travel retailer." The act establishes licensing and registration requirements for limited lines travel insurance producers and travel retailers. It also imposes insurance premium tax on certain travel insurance premiums and sets rules for how travel insurance and related products are sold, administered, and classified.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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