§ 33-62-9 — Travel administrators

(a) Notwithstanding any other provisions of this chapter, no person shall act or represent itself as a travel administrator in this state unless that person:

(1) Is a licensed property and casualty insurance producer in this state for activities permitted under that producer license;

(2) Holds a valid managing general agent (MGA) license in this state pursuant to §33-37-1et seq. of this code; or

(3) Holds a valid third-party administrator (TPA) license in this state pursuant to §33-46-1et seq. of this code.

(b) A travel administrator and its employees are exempt from the licensing requirements of §33-12B-1et seq. of this code.

(c) An insurer is responsible for the acts of a travel administrator administering travel insurance underwritten by the insurer, and is responsible for ensuring that the travel administrator maintains all books and records relevant to the insurer to be made available by the travel administrator to the commissioner upon request.

Legislative History

2023 Reg. Sess., HB2540