Insolvency or bankruptcy of travel agencies insurance
Providing reimbursement for repatriation and / or the amounts paid by the tourist in case of insolvency or bankruptcy of the travel agency is compulsory and must be completed for each travel agency according to the Order of the Tourism Ministry no. 235 / 06.06.2001, this is compulsory for the new travel agencies wishing to obtain a tourism license.
Insured is a company registered in Romania having a license for tourism travel agency.
Beneficiary of the insurance is the tourist.
Currently there are 2 types of travel agencies:
- Retailers agency (reselling)-$ 10,000;
- Tour operator agency - $ 50,000.
Period of insurance:
Integral or 2 installments