Regulation 99 Privacy of Consumer Financial Information
230-RICR-20-60-7 INACTIVE RULE
| Title | 230 | Department of Business Regulation (includes the Office of the Health Insurance Commissioner) |
| Chapter | 20 | Insurance |
| Subchapter | 60 | Miscellaneous |
| Part | 7 | Regulation 99 Privacy of Consumer Financial Information |
| Type of Filing | Technical Revision |
| Regulation Status | Inactive |
| Effective | 12/19/2001 to 05/14/2018 |
Regulation Authority:
R.I. Gen. Laws §§ 27-58-4 and 42-14-17
Purpose and Reason:
A. Purpose. This Regulation governs the treatment of nonpublic personal financial information about individuals by all insurance licensees of the Rhode Island Department of Business Regulation. This Regulation: (1) Requires a licensee to provide notice to individuals about its privacy policies and practices; (2) Describes the conditions under which a licensee may disclose nonpublic personal financial information about individuals to affiliates and nonaffiliated third parties; and (3) Provides methods for individuals to prevent a licensee from disclosing that information. B. Scope. This Regulation applies to nonpublic personal financial information about individuals who obtain or are claimants or beneficiaries of products or services primarily for personal, family or household purposes from licensees. This Regulation does not apply to information about companies or about individuals who obtain products or services for business, commercial or agricultural purposes. Nothing in this Regulation shall be construed to modify, limit or supercede the operation of the Rhode Island Workers’ Compensation Act (R.I. Gen. Laws § 28-29-1 et seq.) and the health care provider’s obligation to provide information directly related to a claim for workers’ compensation benefits or any proceeding before the Workers’ Compensation Court, or any proceeding relating to workers’ compensation including, but not limited to, actions seeking benefits under the Longshore and Harbor Workers Compensation Act (33 U.S.C. § 901 et seq.) or the Police Officers and Firefighters Relief Statute (R.I. Gen. Laws § 45-19-1 et seq.) C. Compliance. A licensee domiciled in this state that is in compliance with this Regulation in a state that has not enacted laws or regulations that meet the requirements of Title V of the Gramm-Leach-Bliley Act (PL 102-106) may nonetheless be deemed to be in compliance with Title V of the Gramm-Leach-Bliley Act in the other state.
