Missouri Gov. Bill Holden recently signed HB 801, enabling the state Insurance Commissioner to adopt consumer privacy regulations consistent with, but not more stringent than, the federal Gramm-Leach-Bliley Act (GLBA).
According to Ann Weber, counsel with the National Association of Independent Insurers (NAII), the new law benefits both consumers and insurers as it protects consumer privacy without including extraneous provisions that would raise the cost of insurance.
HB 801 becomes effective July 1.
Topics Missouri
Was this article valuable?
Here are more articles you may enjoy.
Allstate CEO Wilson Takes on Affordability Issue During Earnings Call 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
US Appeals Court Rejects Challenge to Trump’s Efforts to Ban DEI 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance 
