HF 2540: Relating to the sale of travel insurance

What it does

This bill is related to the sale of travel insurance and travel protection plans. The bill permits the commissioner of insurance (commissioner) to issue a limited lines travel insurance producer (travel insurance producer) license to a person that files an application in the form and manner prescribed by the commissioner. A travel insurance producer must be licensed to sell, solicit, or negotiate travel insurance through a licensed insurer. “Travel insurance” is defined in the bill. A person shall not act as a travel insurance producer, or as a travel retailer (retailer), unless the person is licensed as a travel insurance producer or is registered as a retailer.

Senate subcommittee · named March 14, 2022

• Sen. Craig Steven Williams (R) · craig.williams@legis.iowa.gov
• Sen. Eric Giddens (D)
• Sen. Amy Sinclair (R) · amy.sinclair@legis.iowa.gov

Lobbying · 6 for, 0 against

For: Allied Insurance; Iowa Insurance Associates; Iowa Insurance Institute; Nationwide Agribusiness; Nationwide Mutual Ins. Co.; US Travel Insurance Association

In plain words

1. February 28, 2022Filed in the House
2. March 10, 2022Passed the House, 92–0
3. March 10, 2022Arrived in the Senate
4. March 14, 2022Senate subcommittee named: Williams, Giddens and Sinclair
5. March 16, 2022Subcommittee recommended passing it
6. March 17, 2022Approved by the Senate committee
7. March 22, 2022Passed the Senate, 49–0
8. April 21, 2022Sent to the Governor
9. April 21, 2022Signed into law