Is nonpublic personal financial information about claimants included within the scope of the financial privacy regulation?
Yes. A claimant under any insurance policy is considered a “consumer” under the financial privacy regulation. Therefore, as a consumer, a claimant is entitled to a privacy notice and the opportunity to opt-out if the company intends to disclose the claimant’s nonpublic personal financial information.
Related Questions
- There is no non-discrimination clause in the federal privacy regulations. Why does the Pennsylvania financial privacy regulation include such a provision?
- Is nonpublic personal financial information about claimants included within the scope of the financial privacy regulation?
- Are personal excess or umbrella coverages subject to the financial privacy regulation?
