The proposed "Idaho Travel Insurance Act" introduces a new Chapter 45 to Title 41 of the Idaho Code, establishing a comprehensive legal framework for the sale of travel insurance in the state. This chapter defines key terms and outlines provisions related to premium taxes, travel protection plans, sales practices, and the roles of travel administrators. It clarifies that the chapter applies specifically to travel insurance sold to Idaho residents and supersedes any conflicting general provisions of law. The bill also amends existing sections of the Idaho Code to update definitions and requirements for limited lines travel insurance producers, while repealing outdated provisions related to registration and policy types.

Key provisions of the bill include the establishment of a premium tax on travel insurance premiums, requirements for clear consumer disclosures regarding coverage, and regulations to prevent deceptive marketing practices. It expands the definition of a "limited lines travel insurance producer" to include licensed managing general agents and licensed insurance producers, while specifying that travel insurance does not encompass major medical plans for long-term travel. The bill mandates that travel retailers must be properly licensed and provide specific information to purchasers, emphasizes training requirements for employees selling travel insurance, and clarifies penalties for non-compliance. The act is set to take effect on July 1, 2025, following an emergency declaration.

Statutes affected:
Bill Text: 41-1090, 41-1091, 41-1092, 41-1093, 41-1094, 41-1095, 41-1096, 41-1097, 41-1003