Texas Insurance Code 4055.1515 – Travel Insurance Supervising Entity and Travel Administrator
(a) An insurer authorized to engage in the business of travel insurance in this state may designate a travel insurance supervising entity for purposes of this subchapter. The supervising entity must be:
(1) a licensed managing general agent;
(2) a licensed third-party administrator;
(3) a licensed insurance agent, including a specialty license holder and a person described by Section 4055.002(a); or
(4) a travel administrator.
(b) Notwithstanding any other provisions of this code, a person may not act or represent the person as a travel administrator for travel insurance unless the person is:
(1) a licensed property and casualty insurance agent;
(2) a licensed managing general agent; or
(3) a third-party administrator engaging in the business of insurance in this state under a certificate of authority.
Terms Used In Texas Insurance Code 4055.1515
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
- Property: means real and personal property. See Texas Government Code 311.005
(c) A travel administrator and a travel administrator’s employees are exempt from the licensing requirements under Chapter 4101 with respect to travel insurance.
(d) An insurer is responsible for the acts of a travel administrator administering travel insurance underwritten by the insurer. The insurer must ensure that the travel administrator maintains all books and records relevant to the insurer and makes the books and records available to the department on request of the commissioner.