"Travel Insurance Act."

The Travel Insurance Act (S 2783) establishes a regulatory framework for travel insurance in New Jersey, defining key terms and setting requirements for how travel insurance must be sold and marketed. It creates licensing requirements for travel insurance producers and retailers, mandates clear disclosure of coverage details to consumers, and specifies that travel insurance must be classified under inland marine or accident and health insurance. The bill requires travel retailers to provide detailed information about coverage, prohibits misleading marketing practices like marketing blanket insurance as "free," and sets rules for cancellations and refunds. This legislation directly affects travel insurance companies, travel retailers, and consumers purchasing travel insurance in New Jersey.