Sections 1 and 2 are conforming changes related to the new definition of travel insurance in section 3.
Section 3, subdivision 1 provides definitions for purposes of the section.
Subdivision 2 establishes requirements for a travel retailer to offer travel insurance on behalf of, and under a travel insurance producer business entity license. The licensed business entity must be identified as the licensed producer on marketing materials, keep a register of travel retailers that offer travel insurance on the business entity's behalf, designate an employee as a "designated responsible producer" responsible for complying with insurance laws, and require employees of the travel retailer to receive training.
Subdivision 3 allows a travel retailer to receive compensation when offering travel insurance under the requirements of this section.
Subdivision 4 makes the travel insurance producer responsible for the acts of the travel retailer.
Section 4 provides for effective dates.