Rhode Island General Laws 27-79.1-5. Compensation
A travel retailer whose insurance-related activities, and those of its employees, are limited to offering and disseminating travel insurance on behalf of and under the direction of a limited lines travel insurance producer meeting the conditions stated in this chapter, is authorized to do so and receive related compensation.
History of Section.
P.L. 2019, ch. 44, § 2; P.L. 2019, ch. 51, § 2.
Terms Used In Rhode Island General Laws 27-79.1-5
- Limited lines travel insurance producer: means a:
(i) Licensed managing general agent or third-party administrator;
(ii) Licensed insurance producer, including a limited lines producer; or
(iii) Travel administrator. See Rhode Island General Laws 27-79.1-3
- Travel insurance: means insurance coverage for personal risks incident to planned travel, including:
(i) Interruption or cancellation of 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 Rhode Island General Laws 27-79.1-3
- Travel retailer: means a business entity that makes, arranges, or offers planned travel services, and 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 Rhode Island General Laws 27-79.1-3