Connecticut 2017 Regular Session

Connecticut House Bill HB07024

Introduced
2/8/17  
Introduced
2/8/17  
Refer
2/8/17  
Refer
2/8/17  
Report Pass
3/7/17  
Report Pass
3/7/17  
Refer
3/16/17  
Report Pass
3/22/17  
Engrossed
4/19/17  
Engrossed
4/19/17  
Report Pass
4/21/17  
Report Pass
4/21/17  
Chaptered
6/20/17  
Chaptered
6/20/17  
Enrolled
6/26/17  
Enrolled
6/26/17  

Caption

An Act Regulating The Offer And Dissemination Of Travel Insurance.

Impact

The bill significantly reshapes how travel insurance is marketed in the state, creating a structured pathway for travel retailers and insurance producers. With the new regulation, it ensures that entities involved in the sale of travel insurance adhere to specific operational standards. The Act aims to mitigate potential malpractice and ensures that consumers are adequately informed about the policies being offered, thereby enhancing confidence in purchasing travel-related products.

Summary

House Bill 07024, known as 'An Act Regulating The Offer And Dissemination Of Travel Insurance,' introduces a regulatory framework aimed at overseeing the marketing and sale of travel insurance policies within the state. The bill defines travel insurance and establishes guidelines for limited lines travel insurance producers and travel retailers, allowing them to offer and disseminate insurance products related to travel. It emphasizes consumer protection by requiring transparency in the dissemination process and ensuring that consumers receive necessary information regarding travel insurance policies.

Sentiment

The sentiment surrounding HB 07024 appears to be largely positive, particularly among supporters who view the bill as a necessary step towards modernizing insurance practices and protecting consumers. By establishing clear guidelines and definitions, it aims to improve market clarity and reduce confusion for buyers of travel insurance. However, concerns may arise related to the administrative burden placed on travel retailers and the potential impact on the availability of travel insurance offerings in the market.

Contention

While the bill primarily seeks to regulate the travel insurance market more effectively, there are points of contention regarding the extent of regulation imposed. Critics might argue that overly extensive regulations can stifle the ability of travel retailers to provide competitive options and services to consumers. Some may worry about the possible implications for smaller travel businesses that may struggle to meet the new compliance requirements. Therefore, while the bill seeks to enhance consumer protection, the balance between regulation and market freedom remains a key issue to monitor.

Companion Bills

No companion bills found.

Previously Filed As

CT SB00398

An Act Concerning The Regulation And Taxation Of Travel Insurance And Associated Entities, Products And Professionals.

CT HB05250

An Act Concerning Self-service Storage Insurance.

CT HB05503

An Act Concerning Insurance Market Conduct And Insurance Licensing, The Insurance Department's Technical Corrections And Other Revisions To The Insurance Statutes And Captive Insurance.

CT SB00321

An Act Concerning Captive Insurance And The Conversion Of Protected Cells.

CT HB05150

An Act Concerning Cannabis And Hemp Regulation.

CT HB05235

An Act Concerning The Department Of Consumer Protection's Recommendations Regarding Cannabis Regulation.

CT SB00395

An Act Concerning The Reporting Of Medical Debt.

CT SB00403

An Act Concerning Insurance Market Conduct And Insurance Licensing.

CT SB00180

An Act Concerning Adverse Determination And Utilization Reviews.

CT SB00341

An Act Establishing A Fallen Officer Fund And Providing Health Insurance Coverage To Survivors Of A Police Officer Killed In The Line Of Duty.

Similar Bills

CT SJ00007

Resolution Granting The Claims Commissioner An Extension Of Time To Dispose Of Certain Claims Against The State Pursuant To Chapter 53 Of The General Statutes.

CT HJ00041

Resolution Granting The Claims Commissioner An Extension Of Time To Dispose Of Certain Claims.

CT HJ00023

Resolution Granting The Claims Commissioner Extensions Of Time To Dispose Of Certain Claims Against The State.

CT HJ00038

Resolution Concerning The Disposition Of Certain Claims Against The State Pursuant To Chapter 53 Of The General Statutes.

CA AB2009

California Travel and Tourism Commission.

CA AB1920

California Travel and Tourism Commission.

CA AB2323

Insurance: covered communications.

CT HJ00029

Resolution Granting The Claims Commissioner An Extension Of Time To Dispose Of Certain Claims Against The State Pursuant To Chapter 53 Of The General Statutes.