Insurance Producer Privacy Guide

The Gramm-Leach-Bliley Act (GLBA) requires all financial institutions (which include insurance producers) to establish specific policies to protect the privacy of individuals' personal financial information.

Do you know the impact of the following questions on your practice?

What are the requirements?
Who must comply?
What type of information is protected?
What must the privacy notices say?
Do you qualify for the insurance agent exemption?

Answers, along with detailed descriptions of the requirements under GLBA, the NAIC Model Privacy Regulation, the NCOIL Model Privacy Act, and the Fair Credit Reporting Act are available in the Insurance Producer Privacy Guide.

If you have questions about the privacy guidelines, contact NAIFA Senior Vice President of Law and Government Relations William Anderson (phone: 703-770-8193; email: wanderson@naifa.org).

Important Legal Statement About This Publication
Copyright © 2001 by Insurance Agent/Broker Coalition. All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, including electronic, mechanical, photocopying, recording, or other means, without prior written permission from the National Association of Insurance and Financial Advisors (NAIFA), except to the limited extent that individual members of NAIFA member local associations may make a single machine-readable copy and/or a single print copy of material from this publication for their own personal use in their insurance business.

The Insurance Producer Privacy Guide

Introduction & Purpose
Appendix 1: Sample Privacy Policy Notice
Appendix 2: Privacy Notice Clauses
Appendix 3: Sample Opt-Out Form
Appendix 4: The Service Provider/Joint Marketing Exception to the GLBA Opt-Out Requirement
Appendix 5: Implementing the Obligations of the Gramm-Leach-Bliley Act—The NAIC Model for State Privacy Regulation
Appendix 6: Compliance with the 1982 NAIC Insurance Information and Privacy Protection Model Act
Appendix 7: Sample Privacy Policy Notice
Appendix 8: The Fair Credit Reporting Act and the FTC’s Proposed Regulations
Appendix 9: Data Transfers From The European Union: Compliance with the Safe Harbor
Appendix 10: Federal Banking Agencies Joint Guidelines for Establishing Standards for Safeguarding Customer Information
Appendix 11: The Electronic Signatures Act Requirements
Appendix 12:The HIPAA Health Privacy Regulation As Applied to Insurance Agents That Sell Health Insurance Policies Directly to Individuals
Appendix 13: Internal Audit Questions
New! Model GLBA/HIPAA Compliant Privacy Notice for Group Health Plans