[ARTICLE 3A]

PRIVACY OF CONSUMER FINANCIAL INFORMATION

 

Note

 

  Personal information protection requirements.  L Sp 2008, c10, §§7 to 15.

 

Cross References

 

  Information privacy and security council; personalinformation security, see §§487N-5 to 7.

  Personal information policy and oversight responsibilitiesfor government agencies, see §487J-5.

 

PART I.  GENERAL PROVISIONS

 

[§431:3A-101] Purpose; scope; applicability.  (a)  This article governs the treatment of nonpublic personal financial information about individualsby all insurance licensees.  This article:

(1)  Requires licensees to provide notice toindividuals about its privacy policies and practices;

(2)  Establishes the conditions under which a licenseemay disclose nonpublic personal financial information about individuals toaffiliates and nonaffiliated third parties; and

(3)  Provides methods for individuals to prevent alicensee from disclosing that information.

(b)  This article shall apply to nonpublicpersonal financial information about individuals who obtain or are claimants orbeneficiaries of a licensee's products or services primarily for personal,family, or household purposes.  This article shall not apply to informationabout companies or about individuals that obtain products or services forbusiness, commercial, or agricultural purposes.

(c)  Noticeprovisions under part II of thisarticle shall not apply to licensees in liquidation or receivership. [L 2001, c 220, pt of §1]