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Senate committee hears bill to standardize travel insurance rules
Summary
Supporters told the Senate Committee on Labor and Business that House Bill 2,128 would adopt a National Association of Insurance Commissioners model to standardize travel insurance definitions, consumer disclosures and allowable packaging across states; proponents said 37 states have adopted similar language and the bill has no fiscal impact.
Chair Taylor opened a public hearing on House Bill 2,128, which would update Oregon law to adopt a model act on travel insurance developed by the National Association of Insurance Commissioners (NAIC).
John Powell, representing the U.S. Travel Insurance Association, told the committee the measure “updates and standardizes travel insurance laws and sets definitions for travel insurance.” Powell said the bill codifies…
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