In addition, it is proposed to replace in the list of mandatory types the liability insurance of tourism entities for damage caused to the life or health of a tourist or his property with the liability insurance of the tour operator.
This updated type of insurance is supposed to be used as financial security for the tour operator's activities towards the tourist, and its alternative in the bill is a bank guarantee. At the same time, it is proposed to increase the amount of financial security from the current level of 20 thousand euros to 50 thousand euros for tour operators sending no more than 50 thousand tourists abroad per year. Larger market participants will require additional financial security of 250 thousand euros for every 50 thousand tourists.
The bill also provides for the introduction of financial security of the travel agent before the tour operator in the amount of at least 50 thousand euros, which can be carried out either by concluding a liability insurance contract or by obtaining a bank guarantee. Requirements for insurance companies that will be able to provide liability insurance services for tour operators and travel agents, according to the document, will be set by the National Commission for the Regulation of Financial Services Markets.
Simultaneously with the introduction of compulsory insurance for tourists, it is proposed to exclude the norm according to which they currently have the right to demand from the tour operator or travel agent to provide insurance for other risks associated with travel.
Currently, medical insurance for tourists is voluntary, but most countries require it from those entering. In particular, a condition for obtaining a Schengen visa is the presence of medical insurance with a minimum coverage of 30 thousand euros. However, for example, for Turkey or Egypt, the sum insured is lower – 15 thousand euros.
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