§ 58-30-84 — Travel insurance vending machines, approval by director.

An insurance producer licensed as to limited lines insurance or limited lines credit insurance may solicit applications for and issue policies of personal travel accident insurance by means of mechanical vending machines and kiosks supervised by the insurance producer and placed at airports, railroad stations, bus stations, and similar places where transportation tickets are sold to the traveling public, if the director finds: (1) That the policy to be so sold provides reasonable coverage and benefits, is reasonably suited for sale and issuance through vending machines, and that use of such a machine therefor in a particular proposed location would be of material convenience to the public; (2) That the type of vending machine and kiosk proposed to be used is reasonably suitable and practical for the purpose; (3) That reasonable means are provided for informing the prospective purchaser of any such policy of the coverage and restrictions of the policy; and (4) That reasonable means are provided for refund to the applicants of money inserted in defective machines and for which no insurance, or a less amount than paid for, is actually received.

Legislative History

SL 1966, ch 111, ch 9, § 25 (1); SL 2001, ch 286, § 172.