Changes to travel insurance headed to governor

(Photo: Michelle Price)

By Michelle Price
UCBJ Managing Editor

NASHVILLE – A bill to broaden the definition of coverage for travel insurance was approved unanimously by the Tennessee Legislature. The bill will now go to Gov. Bill Lee for his signature.

On Monday, the House approved S.B. 1868, sponsored by Sen. Ken Yager, R-Kingston, by a 92-0 vote. The Senate approved the bill on Feb. 14 by a 31-0 vote.

The bill adds coverage for emergency evacuation, reparation of remains, and another contractual obligation to indemnify or pay a specified amount to a traveler upon determinable contingencies related to travel, as approved by the commissioner of commerce and insurance.

The bill also expands the rules and regulations related to the selling of travel insurance. Establishes that travel insurance marketed directly to a consumer through an insurer’s website is not an unfair trade practice or other violation of law, if the consumer has access to the full provisions of the policy through electronic means.

If enacted, the bill would apply to policies purchased starting July 1.

Michelle Price is the managing editor of the Upper Cumberland Business Journal and can be reached via email. Send an email.

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