Montana Code 33-17-1403. Authorization
33-17-1403. Authorization. Upon a limited lines travel insurance producer meeting the requirements provided for in 33-17-1402, a travel retailer is authorized to offer and disseminate travel insurance and receive related compensation when the travel retailer’s insurance-related activities and those of its employees and authorized representatives are limited to offering and disseminating travel insurance on behalf of and under the direction of the limited lines travel insurance producer.
Terms Used In Montana Code 33-17-1403
- Limited lines travel insurance producer: means a:
(a)managing general agent or third-party administrator;
(b)licensed insurance producer, including a limited lines producer, designated by an insurer as the travel insurance supervising entity as set forth in 33-17-1404; or
(c)travel administrator. See Montana Code 33-17-1401
- Offer and disseminate: means providing general information, including a description of coverage and price, as well as processing applications, collecting premiums, and performing other activities not requiring licensure by the state. See Montana Code 33-17-1401
- Travel insurance: means insurance coverage for personal risks incident to planned travel, including but not limited to:
(i)interruption or cancellation of a trip or event;
(ii)loss of baggage or personal effects;
(iii)damages to accommodations or rental vehicles;
(iv)sickness, accident, disability, or death occurring during travel;
(v)emergency evacuation;
(vi)repatriation of remains; or
(vii)any other contractual obligations to indemnify or pay a specified amount to the traveler upon determinable contingencies related to travel as approved by the commissioner. See Montana Code 33-17-1401
- Travel retailer: means a business entity that makes, arranges, or offers travel services and that may offer and disseminate travel insurance as a service to its customers on behalf of and under the direction of a limited lines travel insurance producer. See Montana Code 33-17-1401