Travel Underwriting Accord Advances

The amendments include some exceptions for future travel plans, including indications that an individual will face a greater risk of loss at a specified destination at a specified time than if the individual did not travel and a risk classification that is based on “sound actuarial principles and actual or reasonably anticipated experience.”

Examples of “greater risk” include individuals who plan to travel to destinations subject to pandemic alerts from the U.S. Centers for Disease Control and Prevention, and to destinations that are affected by “ongoing armed conflict.

Parties that are supporting the amendments include state insurance regulators; the American Council of Life Insurers, Washington; and Birny Birnbaum, executive director of the Center for Economic Justice, Austin, Texas.