Last Updated: May 9, 2016
Limited Travel Insurance Firm License
A travel retailer, or an employee or authorized representative of a travel retailer, may
offer and disseminate travel insurance under a limited travel firm license only if the firm holds such license. For more information, refer to
s. 632.977, Wis. Stat.
Offer and disseminate means to provide general information, including a description of coverage and price, as well as to process applications and collect premiums.
A travel insurance producer (intermediary agent) or the travel retailer must provide to purchasers all of the following:
- The material terms, or a description of the material terms, of the travel insurance coverage.
- A description of the process for filing a claim.
- A description of the review or cancellation process for the travel insurance policy.
- The identity and contact information of the firm.
A travel retailer's employee, or authorized representative, who is not licensed as a travel insurance producer (intermediary agent) may not do any of the following:
- Evaluate or interpret technical terms, benefits, or conditions of the offered travel insurance coverage.
- Evaluate or provide advice concerning a prospective purchaser's existing insurance coverage.
- Hold himself or herself out as an insurer, a licensed travel insurance producer, or an insurance expert.
Apply/Renew a Limited Travel Insurance Firm License
- A Limited Travel Insurance Firm License must have a Designated Responsible Licensed Producer (DRLP) licensed with the limited line of travel to ensure the travel retailer's compliance with the limited lines travel insurance statutes and rules.
- Apply at
www.nipr.com or an
NIPR authorized business partner.
- Pay license fee of $100.