Vermont Statutes Title 8 Sec. 7128
Terms Used In Vermont Statutes Title 8 Sec. 7128
- Person: shall include any natural person, corporation, municipality, the State of Vermont or any department, agency, or subdivision of the State, and any partnership, unincorporated association, or other legal entity. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
- Travel administrator: means a person who directly or indirectly underwrites, collects charges, collateral, or premiums from, or adjusts or settles claims on residents of this State, in connection with travel insurance, except that a person shall not be considered a travel administrator if that person's only actions that would otherwise cause it to be considered a travel administrator are among the following:
- Travel insurance: means insurance coverage for personal risks incident to planned travel, including:
§ 7128. Travel administrators
(a) A person shall not act or represent themself as a travel administrator for travel insurance in this State unless that person:
(1) is a licensed property and casualty insurance producer in this State for activities permitted under that producer license;
(2) holds a valid managing general agent license in this State; or
(3) holds a valid third-party administrator license in this State.
(b) A travel administrator and its employees are exempt from the licensing requirements of section 4803 of this title for travel insurance it administers.
(c) An insurer is responsible for the acts of a travel administrator administering travel insurance underwritten by the insurer and is responsible for ensuring that the travel administrator maintains all books and records relevant to the insurer to be made available by the travel administrator to the Commissioner upon request. (Added 2021, No. 139 (Adj. Sess.), § 10, eff. August 25, 2022.)