View this article online: https://www.insurancejournal.com/news/east/2002/05/31/15913.htm
The Alliance of American Insurers (AAI) has issued a statement urging a legislative oversight committee to direct the Connecticut Insurance Department to redraft its proposed privacy regulations.
“For the third time, the department is proposing privacy regulations that conflict with the Gramm-Leach-Bliley (GLB) Act and existing Connecticut law. We urge the Legislative Regulatory Review Committee (LRRC) to send them back to the drawing board today,” stated Rey Becker, vice president of property/casualty for the AAI.
“The General Assembly has passed two laws providing crystal clear guidance on this issue,” Becker continued. “The first was the state’s insurance privacy law back in the 1980s that applies only to insurance for personal, family or household uses. The second was SB 352, passed earlier this year, which requires that privacy regulations be consistent with GLB; and GLB contains virtually identical language limiting its scope to personal, family and household purposes. Nevertheless, this third draft of the proposed regulations still seeks to regulate workers compensation insurance, which is purchased by businesses, and is clearly not for personal, family or household use.”