Terms Used In Iowa Code > Chapter 515K - Travel Insurance

• Account: means the same as defined in section 554. See Iowa Code 554E.1
• Aggregator site: means an internet site that provides access to information regarding insurance products, including product and insurer information, that is obtained from more than one insurer for use by consumers in comparison shopping. See Iowa Code 515K.2
• Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
• Blanket travel insurance: means a policy of travel insurance issued to any eligible group that provides coverage for specific classes of persons as defined in the policy, with coverage provided to all members of the eligible group without a separate charge to individual members of the eligible group. See Iowa Code 515K.2
• Board: means the engineering and land surveying examining board provided by this chapter. See Iowa Code 542B.2
• Cancellation fee waiver: means a contractual agreement between a supplier of travel services and the supplier's customers to waive some or all of the nonrefundable cancellation fee provisions of the supplier's underlying travel contract with or without regard to the reason for cancellation or to the form of reimbursement. See Iowa Code 515K.2
• Commissioner: means the commissioner of insurance. See Iowa Code 515K.2
• Designated responsible producer: means an employee of a limited lines travel insurance producer who is a licensed individual insurance producer and who is designated by the limited lines travel insurance producer as the individual responsible for compliance with the travel insurance laws and regulations applicable to the limited lines travel insurance producer and the limited lines travel insurance producer's registrants. See Iowa Code 515K.2
• Electronic: means the same as defined in section 554D. See Iowa Code 554E.1
• Eligible group: means two or more persons who are engaged in a common enterprise, or have an economic, educational, or social affinity or relationship, including but not limited to any of the following:
   a. See Iowa Code 515K.2
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• financial institution: means the same as defined in section 527. See Iowa Code 547A.1
• following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
• Fulfillment materials: means documentation sent to the purchaser of a travel protection plan that confirms the purchase and that provides details of the travel protection plan coverage and the travel assistance services. See Iowa Code 515K.2
• Group travel insurance: means travel insurance that is issued to an eligible group. See Iowa Code 515K.2
• Insurer: means a person duly licensed in this state as an insurance company pursuant to this subtitle. See Iowa Code 510.1B
• Internet: means the federated international system that is composed of allied electronic communication networks linked by telecommunication channels, that uses standardized protocols, and that facilitates electronic communication services, including but not limited to use of the world wide web; the transmission of electronic mail or messages; the transfer of files and data or other electronic information; and the transmission of voice, image, and video. See Iowa Code 4.1
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• Limited lines travel insurance producer: means any of the following:
   a. See Iowa Code 515K.2
• Managing general agent: means any person who engages in all of the following:
   (1) Negotiates and binds ceding reinsurance contracts on behalf of an insurer or manages all or part of the insurance business of an insurer, including the management of a separate division, department, or underwriting office, and who acts as an agent for such insurer whether known as a managing general agent, manager, or other similar term or title. See Iowa Code 510.1B
• Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
• Offer and disseminate: means to provide general information regarding travel insurance or a travel protection plan, including a description of the coverage and price, and to process an application and collect premiums for travel insurance or a travel protection plan. See Iowa Code 515K.2
• person: means individual, corporation, limited liability company, government or governmental subdivision or agency, business trust, estate, trust, partnership or association, or any other legal entity. See Iowa Code 4.1
• Primary certificate holder: means an individual who has elected and purchased travel insurance under a group policy. See Iowa Code 515K.2
• Primary policyholder: means an individual who has elected and purchased individual travel insurance. See Iowa Code 515K.2
• property: includes personal and real property. See Iowa Code 4.1
• Rule: includes "regulation". See Iowa Code 4.1
• Sale: means any sale, offer for sale, or attempt to sell or lease any land, to the public in this state, for cash or on credit. See Iowa Code 543C.1
• state: when applied to the different parts of the United States, includes the District of Columbia and the territories, and the words "United States" may include the said district and territories. See Iowa Code 4.1
• Travel administrator: means a person who directly or indirectly underwrites, collects charges, collateral, or premiums from, or adjusts or settles claims on, residents of this state in connection with travel insurance. See Iowa Code 515K.2
• Travel assistance services: means a non-insurance, non-insurance-related service for which a consumer is not indemnified based on a fortuitous event and for which provision of the service does not result in the transfer or shifting of risk that constitutes the business of insurance, including but not limited to any of the following services:
   a. See Iowa Code 515K.2
• Travel insurance: means insurance coverage for personal risks incident to planned travel including all of the following:
   (1) Interruption or cancellation of a trip or event. See Iowa Code 515K.2
• Travel protection plan: means a product that provides one or more of any of the following:
   a. See Iowa Code 515K.2
• Travel retailer: means a business entity that makes, arranges, or offers planned travel and that may offer and disseminate travel insurance as a service to the business's customers on behalf of and under the direction of a limited lines travel insurance producer. See Iowa Code 515K.2
• Trustee: A person or institution holding and administering property in trust.