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 sets forth provisions regarding 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 insurance laws. The bill also amends existing sections of the Idaho Code to update definitions and requirements for limited lines travel insurance producers, while repealing outdated sections related to registration and policy types.

Key provisions of the bill include the establishment of a premium tax for travel insurers, requirements for clear disclosure of travel protection plan features, 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 mandating that travel retailers can only offer travel insurance under the direction of a licensed producer. The bill emphasizes proper licensing and registration for individuals and entities involved in selling travel insurance and allows those licensed in a major line of authority as insurance producers to sell travel insurance without needing an insurer's appointment. 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