The U.S. Travel Insurance Association (UStiA) has launched a one-stop resource that connects travel advisors with the travel insurance providers whose products they offer – making it easier to maintain regulatory compliance and to access critical information about travel insurance products.
Thanks to travel insurance licensing regulations recently passed by the National Association of Insurance Commissioners (NAIC) and National Council of Insurance Legislators (NCOIL) and supported by UStiA and the American Society of Travel Advisors (ASTA), in most states*, travel advisors can offer travel insurance without incurring the costs of licensing as an insurance agent in multiple states. However, as part of the system, travel advisors are required to undergo training and register with each insurance provider whose product they want to offer. The required training is a valuable review of definitions, rules, policies, and ethical obligations with respect to offering travel insurance on behalf of an insurance provider.
Until now, travel advisors might be required to complete multiple trainings and register with multiple companies (including cruise lines and tour operators offering insurance) in order to stay compliant.
Here’s where the new UStiA Travel Advisor Registry can help. By taking the training and registering through this web-based system, travel advisors will be able to offer insurance to their clients from virtually all travel insurance providers – legally and compliantly. In most cases, this training needs to only be taken once, and travel advisors can then confidently offer the insurance of all of participating companies.