Understanding Travel Insurance

Questions and Answers

What is one of the required disclosures for travel retailers on behalf of battleface?

Battleface approved disclosures (correct)

Competitive pricing options

Personal travel experiences

Insurance company ratings

Retailers can engage in deceptive practices if they believe it will benefit the customer.

False

What must retailers do if they encounter suspicious or fraudulent activity while transacting travel insurance?

Report it to battleface.

Retailers must act ________ towards all parties involved in the insurance transaction.

fairly Signup and view all the answers

Match the following ethical requirements with their descriptions:

Disclose known information = Inform all parties of relevant details Avoid conflicts of interest = Steer clear of situations that could compromise integrity Comply with laws = Adhere to legal standards and regulations Understand fiduciary obligation = Recognize the duty to act in another's best interests Signup and view all the answers

What is one component covered by travel insurance?

Loss of personal belongings Signup and view all the answers

Travel insurance includes major medical plans for trips shorter than six months.

False Signup and view all the answers

What must a Gant Travel Management agent do regarding travel insurance products?

Only offer authorized travel insurance products. Signup and view all the answers

Travel insurance can provide coverage for ________ occurring during travel.

sickness Signup and view all the answers

Match the following insurance rules with their corresponding categories:

MAY = Transact travel insurance under direction MAY NOT = Answer technical questions about benefits MUST = Offer authorized travel insurance products MUST NOT = Represent yourself as a licensed insurance agent Signup and view all the answers

Which of the following can a Gant Travel Management agent NOT do?

Offer insurance policies from any provider Signup and view all the answers

A Gant Travel Management agent must evaluate the adequacy of a customer's existing coverage.

False Signup and view all the answers

What is a key aspect of the training that Gant Travel Management agents must complete?

They must successfully complete the training. Signup and view all the answers

Study Notes

Travel Insurance Overview

Travel Insurance provides coverage for personal risks related to planned travel.
Common coverage includes trip cancellation, baggage loss, accommodation damage, and medical emergencies during travel.
Major medical plans, for trips lasting six months or longer, are not included under Travel Insurance.

Authority for Gant Travel Management Agents

Agents can transact Travel Insurance under Gant Travel Management's direction.
Authorized actions include disseminating approved information, offering brochures and guides, and referring specific questions to battleface.
Collection and reporting of policyholder information are permitted.

Limitations for Gant Travel Management Agents

Agents cannot represent themselves as licensed insurance agents.
They must not answer technical questions regarding insurance benefits or evaluate existing coverage adequacy.
Interpretation of policy language is prohibited.

Mandatory Requirements for Gant Travel Management Agents

Only offer Travel Insurance products authorized by battleface.
Complete required training on Travel Insurance offerings.
Ensure that necessary disclosures are provided to potential purchasers.
Comply with U.S.C. 18 §1033 regulations related to insurance practices and interstate commerce.

Disclosure Obligations

Retailers must use only battleface-approved information and disclosures provided by Gant Travel Management when presenting Travel Insurance options.

Professional Ethics and Conduct

Maintain honesty, trustworthiness, and respect in all insurance transactions.
Adhere to legal regulations and professional standards.
Disclose pertinent information, report suspicious activities, and avoid deceptive practices.
Manage potential conflicts of interest and fulfill fiduciary responsibilities toward battleface.

Description

This quiz explores the fundamentals of travel insurance, including its definition and various aspects such as trip cancellation, lost baggage, and personal accidents. Perfect for travelers looking to safeguard their journeys. Test your knowledge about what travel insurance covers!