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Committee passes NAIC‑based travel‑insurance bill to tighten sales and disclosures
Summary
The committee approved SB 399, which adopts the NAIC model for travel insurance, clarifies permissible sales practices, requires affirmative opt‑in disclosures and sets premium‑tax calculation rules; sponsors said the insurance department reviewed the measure with no objections.
The Senate Insurance & Commerce Committee passed SB 399, a measure adopting the National Association of Insurance Commissioners (NAIC) model framework for travel insurance, after sponsors and counsel described the bill's consumer protections and uniform definitions.
Derek Smith of the Mitchell Williams law firm introduced the bill on behalf of its stakeholders and told the…
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