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Bill

Bill

A 3696

"Travel Insurance Act."

2024-2025 Regular Session Introduced by Joe Danielsen

New Jersey establishes licensing, disclosure, and consumer protection requirements for travel insurance products sold through insurers and travel retailers.

Substituted by S2783 (2R)
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WeVote Research Nonpartisan
Bill Summary · A 3696

Legislative bill overview

Assembly Bill A3696, the "Travel Insurance Act," establishes a regulatory framework for travel insurance products sold in New Jersey. The bill defines travel insurance, sets requirements for licensing and disclosure, and specifies consumer protections for policies covering trip cancellation, baggage loss, emergency medical expenses, and related travel-related risks.

Why is this important

Travel insurance is a growing market segment, but consumers often lack clear information about coverage, exclusions, and claim processes. This bill addresses a regulatory gap by creating standardized requirements for insurers and travel retailers, potentially reducing fraud and improving consumer recourse when claims are disputed. The legislation also affects how travel agencies, hotels, airlines, and other vendors can distribute insurance products.

Potential points of contention

  • Licensing burden: Stricter requirements for travel insurance providers and retailers may increase compliance costs, potentially raising prices for consumers or limiting availability, particularly for smaller travel agencies
  • Scope of coverage mandates: Prescriptive requirements about what must be covered, exclusions, and claim procedures could reduce product flexibility and market innovation in response to consumer preferences
  • Interstate commerce implications: State-specific regulations may create inconsistencies with federal insurance law and insurance sold across state lines, complicating operations for national travel companies

Compiled from official sources — confirm details with the bill’s official record.

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