Florida Statutes 647.06 – Travel administrators
Current as of: 2023 | Check for updates
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(1) Notwithstanding any other provision of the Florida Insurance Code, a person may not act or represent himself or herself as a travel administrator in this state unless the person:
(a) Is a licensed and appointed property and casualty insurance producer in this state for activities authorized under that producer license;
Terms Used In Florida Statutes 647.06
- Department: means the Department of Financial Services. See Florida Statutes 647.02
- person: includes individuals, children, firms, associations, joint adventures, partnerships, estates, trusts, business trusts, syndicates, fiduciaries, corporations, and all other groups or combinations. See Florida Statutes 1.01
- Travel administrator: means a person who directly or indirectly underwrites policies for; collects charges, collateral, or premiums from; or adjusts or settles claims made by residents of this state in connection with travel insurance, except that a person is not considered a travel administrator if the person is:(a) A person working for a travel administrator, to the extent that the person's activities are subject to the supervision and control of the travel administrator;(b) An insurance producer selling insurance or engaged in administrative and claims-related activities within the scope of the producer's license;(c) A travel retailer, as defined in…. See Florida Statutes 647.02
- Travel insurance: means insurance coverage for personal risks incidental to planned travel, including:
(a) Interruption or cancellation of trip or event;(b) Loss of baggage or personal effects;(c) Damages to accommodations or rental vehicles;(d) Sickness, accident, disability, or death occurring during travel;(e) Emergency evacuation;(f) Repatriation of remains; or(g) Any other contractual obligations to indemnify or pay a specified amount to the traveler upon determinable contingencies related to travel, as determined by the office. See Florida Statutes 647.02(b) Is a licensed insurance agency, appointed as a managing general agent in this state; or(c) Holds a valid third-party administrator license in this state.(2) A travel administrator and its employees are exempt from the licensing requirements of part VI of chapter 626 for the travel insurance it administers.(3) An insurer is responsible for ensuring that a travel administrator administering travel insurance underwritten by the insurer:(a) Acts in accordance with this chapter.(b) Maintains all books and records that are relevant to the insurer and makes these books and records available to the department upon request.