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 specifically applies to travel insurance sold to Idaho residents and mandates clear consumer disclosures about coverage and pricing. 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of the Idaho Code to update definitions and requirements for limited lines travel insurance producers, while repealing outdated provisions related to registration and policy types.

Additionally, the bill expands the definition of a "limited lines travel insurance producer" to include licensed managing general agents and licensed insurance producers, clarifying their responsibilities in compliance with state laws. It allows travel retailers to offer travel insurance under the guidance of a licensed producer, provided they meet certain conditions, such as disclosing material terms of coverage. The legislation emphasizes the need for training for travel retailer employees on insurance types and ethical sales practices. It also allows individuals licensed in a major line of authority as insurance producers to sell travel insurance without needing an insurer's appointment. An emergency clause is included, indicating the bill's immediate effect upon passage, with an implementation date set for July 1, 2026.

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