(a) An insurer authorized to engage in the business of travel insurance in this state
may designate a travel insurance supervising entity for purposes of this subchapter. The supervising entity must be:
(1) a licensed managing general agent;
(2) a licensed third-party administrator;
(3) a licensed insurance agent, including a specialty license holder and a person
described by Section 4055.002(a); or
(4) a travel administrator.
(b) Notwithstanding any other provisions of this code, a person may not act or represent
the person as a travel administrator for travel insurance unless the person is:
(1) a licensed property and casualty insurance agent;
(2) a licensed managing general agent; or
(3) a third-party administrator engaging in the business of insurance in this state
under a certificate of authority.
(c) A travel administrator and a travel administrator's employees are exempt from
the licensing requirements under Chapter 4101 with respect to travel insurance.
(d) An insurer is responsible for the acts of a travel administrator administering
travel insurance underwritten by the insurer. The insurer must ensure that the travel administrator maintains all books and records
relevant to the insurer and makes the books and records available to the department
on request of the commissioner.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.