What NAIC Privacy of Consumer Financial and Health Information Regulation (Model #672) requires
This model regulation requires insurance licensees to provide consumers with a clear privacy notice regarding their information-sharing practices and to offer an 'opt-out' right before sharing nonpublic personal financial information with nonaffiliated third parties, as mandated by Section 4 and Section 10.
Pillar: Insurance & Risk · Authority: National Association of Insurance Commissioners (NAIC) · Version: 1.0.0 · Last updated:
Primary source: https://content.naic.org/sites/default/files/model-law-672.pdf
SHA-256 integrity: f575ef39410962f155a19330a3fb943779ba99bbc748c9726e3cb63e9d8b5294
Primary Citations — 8 traced to source
- NAIC Model #672, Section 4: Initial Privacy Notice to Consumers Required
- NAIC Model #672, Section 5: Annual Privacy Notice to Customers Required
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