This bill aims to revise existing laws concerning travel insurance by introducing new definitions and establishing a limited lines license specifically for travel insurance. It outlines the framework for travel protection plans and sets forth guidelines for sales practices related to these plans. Additionally, the bill addresses the role of travel administrators and grants rulemaking authority to ensure proper regulation and oversight of the travel insurance market.
The bill also includes amendments to Sections 33-17-1401, 33-17-1402, and 33-17-1404 of the Montana Code Annotated (MCA), although specific insertions or deletions in these sections are not detailed in the summary. Overall, the legislation seeks to enhance consumer protection and clarify the regulatory environment for travel insurance providers and consumers alike.
Statutes affected: HB0591_1.pdf: 33-17-1401, 33-17-1402, 33-17-1404
HB0591_2.pdf: 33-17-1401, 33-17-1402, 33-17-1404
HB0591_3.pdf: 33-17-1401, 33-17-1402, 33-17-1404
Amended: 33-17-1401, 33-17-1402, 33-17-1404
Introduced: 33-17-1401, 33-17-1402, 33-17-1404