AL Insurance Bulletin issued 2001-10-10

Privacy Policy

Year: 2001Length: 236 wordsOfficial source
DATE: October 10, 2001 RE: Privacy Policy NOTE: This bulletin was only addressed to Alabama Insurance Guaranty Association, Alabama Life and Disability Insurance Guaranty Association, Alabama Health Maintenance Organization Guaranty Association, Alabama Insurance Underwriting Association. Please take note that the Alabama Insurance Guaranty Association, established in Chapter 42, Title 27, Code of Alabama 1975, the Alabama Life and Disability Insurance Guaranty Association, established in Chapter 44, Title 27, Code of Alabama 1975, the Alabama Health Maintenance Organization Guaranty Association, established pursuant to Section 27-21A-12(i), Code of Alabama 1975, in Alabama Insurance Regulations 82 and 83, and the Alabama Insurance Underwriting Association, established in Alabama Insurance Regulation 52, hereinafter collectively referred to as the "associations", are all subject to the authority of the Alabama Commissioner of Insurance. None of these associations are subject to Title V of the Gramm-Leach-Bliley Act (15 U.S.C. §§ 6801-6827), nor are they subject to Alabama Insurance Regulation 122. The undersigned hereby adopts the following privacy policy for the above mentioned associations: Except for the protection of the individual policyowners, insurers, beneficiaries, annuitants, payees, and assignees of insurance policies, annuity contracts, and supplemental contracts against the results of insurer insolvency or potential insurer inability to meet contractual obligations, the associations shall not disclose the nonpublic personal information of such individuals. Although the associations may notify any person or entity of this privacy policy, the associations are not obligated to provide any such notification.