A. A person shall not act or represent the person's self as a travel administrator for travel insurance in this state unless that person:
(1) is a licensed property and casualty insurance producer in this state for activities permitted under that producer license;
(2) holds a valid managing general agent license in this state; or
(3) holds a valid third-party administrator license in this state.
B. An insurer shall be responsible for the acts of a travel administrator administering travel insurance underwritten by the insurer and shall ensure that the travel administrator maintains all books and records relevant to the insurer to be made available by the travel administrator to the superintendent upon request.