(Dive Travel Business News - October 31, 2010) -- U.S. state regulation of the sale of travel insurance could be moving in a new direction following an agreement among state insurance commissioners to work toward uniform guidelines for travel agents.
According to the U.S. Travel Insurance Association, whose members include some of the top brands of travel insurance providers, state governments now have a roadmap for developing a standard regime that would replace the existing patchwork of state laws and permit travel agents to distribute information about travel insurance and process applications, without a license.
The group said the National Association of Insurance Commissions recently agreed on a uniform licensing standard that would enable travel agents to engage in these activities as long as the insurance provider is licensed in that state. read more »
