Insurance Information and Privacy Protection Act
Notice of Insurance information practices
the policy delivery date when personal information is only collected from the applicant date when personal information is collected from a source other than the applicant or public records
Termination of insurance coverage
for any reason other than the failure to pay a premium
consumer report
A report that may contain information regarding an individual's credit standing, character, reputation, personal characteristics, and mode of living.
Consumer Reporting Agency
An agency regulated by the Federal Trade Commission (FTC) under the Fair Credit Reporting Act (FCRA) that sells or cooperatively exchanges consumer information and history in areas such as credit and healthcare.
Investigative consumer reports
An insurer or agent may not prepare or request an investigative consumer report about an individual in connection with an application, policy renewal, policy reinstatement, or change in insurance benefits unless the insurer or agent informs the individual that he may request to be interviewed and that, upon request, is entitled to receive a copy of the investigative report.
Information disclosure authorization forms
An insurer or agent may not use as its disclosure authorization form one that authorizes the disclosure of personal or privileged information about an individual to the insurer or agent unless the formspecifies the types of persons authorized to disclose information about the individual;specifies the nature of the information authorized to be disclosed;
Market research questions
An insurer or agent must clearly specify those questions designed to obtain information solely for marketing or research purposes.
Correction of recorded personal information
An insurer or agent must correct, amend, or delete any recorded personal information about the individual within 30 business days from the date of request or notify the individual of its refusal to make a correction, amendment, or deletion and the reasons for the refusal
Limitations on disclosure of recorded personal information
An insurer or agent must not disclose privileged information
Individual access
If any individual submits a written request to an insurer or agent for access to recorded personal information, the insurer or agent must, within 30 business days
Investigative Consumer Report
Similar to consumer reports in that they also provide information on the consumer's character, reputation, and habits.
Penalties
a fine of no more than $10,000 for each violation;a fine of no more than $50,000 if the violations constitute a general business practice; ora suspension or revocation of an insurer or agent's license
Pretext Interviews
not permitted to misrepresent the insurer
