What are the privacy provisions within the Gramm-Leach-Bliley Act?
GLBA’s privacy provisions are essentially a disclosure law that requires (1) initial and annual notices concerning the licensee’s privacy practices and, if necessary, (2) notices explaining the ability of consumers and customers to “opt out” of certain disclosures. Please note Premera Blue Cross Blue Shield of Alaska does not make any disclosures that would require an “opt out” notice. The initial privacy notice was mailed to all current contract holders (i.e., employer groups and Individual product subscribers) at the end of June 2001, and consumers will receive a copy of the notice in pre-sale materials after July 1, 2001. In addition, contract holders with active coverage will receive this notice annually.
GLBA’s privacy provisions are essentially a disclosure law that requires (1) initial and annual notices concerning the licensee’s privacy practices and, if necessary, (2) notices explaining the ability of consumers and customers to “opt out” of certain disclosures. Please note Premera Blue Cross does not make any disclosures that would require an “opt out” notice. The initial privacy notice was mailed to all current contract holders (i.e., employer groups and Individual product subscribers) at the end of June 2001, and consumers will receive a copy of the notice in pre-sale materials after July 1, 2001. In addition, contract holders with active coverage will receive this notice annually.
