Connecticut Administrative Code › Title 38a - Insurance Department › 8 - Organization and Rules of Practice › Article VII - REGULATIONS › Privacy of Consumer Financial Information › Appendix A - Sample Clauses

Current through July 10, 2024
Licensees, including a group of financial holding company
					 affiliates that use a common privacy notice, may use the following sample
					 clauses, if the clause is accurate for each institution that uses the notice.
					 (Note that disclosure of certain information, such as assets, income, and
					 information from a consumer reporting agency, may give rise to obligations
					 under the federal Fair Credit Reporting Act, such as a requirement to permit a
					 consumer to opt out of disclosures to affiliates or designation as a consumer
					 reporting agency if disclosures are made to nonaffiliated third
					 parties.)
A-1-Categories of information a licensee collects
					 (all institutions)
A licensee may use this clause, as applicable, to meet the
					 requirement of section
					 38a-8-109(a)(1)
					 of the Regulations of Connecticut State Agencies to describe the categories of
					 nonpublic personal financial information the licensee collects.
Sample Clause A-1:
We collect nonpublic personal financial information about
					 you from the following sources:
. Information we receive from you on applications or other
					 forms;
. Information about your transactions with us, our
					 affiliates or others; and
. Information we receive from a consumer reporting
					 agency.
A-2-Categories of information a licensee discloses
					 (institutions that disclose outside of the exceptions)
A licensee may use one of these clauses, as applicable, to
					 meet the requirement of section
					 38a-8-109(a)(2)
					 of the Regulations of Connecticut State Agencies to describe the categories of
					 nonpublic personal financial information the licensee discloses. The licensee
					 may use these clauses if it discloses nonpublic personal financial information
					 other than as permitted by exception.
Sample Clause A-2, Alternative 1:
We may disclose the following kinds of nonpublic personal
					 financial information about you:
. Information we receive from you on applications or other
					 forms, such as [provide illustrative examples, such as "your name, address,
					 social security number, assets, income, and beneficiaries"];
. Information about your transactions with us, our
					 affiliates or others, such as [provide illustrative examples, such as "your
					 policy coverage, premiums, and payment history"]; and
. Information we receive from a consumer reporting agency,
					 such as [provide illustrative examples, such as "your creditworthiness and
					 credit history"].
Sample Clause A-2, Alternative 2:
We may disclose all of the information that we collect, as
					 described [describe location in the notice, such as "above" or "below"].
A-3-Categories of information a licensee discloses
					 and parties to whom the licensee discloses (institutions that do not disclose
					 outside of the exceptions)
A licensee may use this clause, as applicable, to meet the
					 requirements of section
					 38a-8-109(a)(2),
					 (3), and (4) of the Regulations of Connecticut State Agencies to describe the
					 categories of nonpublic personal financial information about customers and
					 former customers that the licensee discloses and the categories of affiliates
					 and nonaffiliated third parties to whom the licensee discloses. A licensee may
					 use this clause if the licensee does not disclose nonpublic personal financial
					 information to any party, other than as permitted.
Sample Clause A-3:
We do not disclose any nonpublic personal financial
					 information about our customers or former customers to anyone, except as
					 permitted by law.
A-4-Categories of parties to whom a licensee
					 discloses (institutions that disclose outside of the exceptions)
A licensee may use this clause, as applicable, to meet the
					 requirement of section
					 38a-8-109(a)(3)
					 to describe the categories of affiliates and nonaffiliated third parties to
					 whom the licensee discloses nonpublic personal financial information. This
					 clause may be used if the licensee discloses nonpublic personal financial
					 information other than as permitted.
Sample Clause A-4:
We may disclose nonpublic personal financial information
					 about you to the following types of third parties:
. Financial service providers, such as [provide
					 illustrative examples, such as "life insurers, automobile insurers, mortgage
					 bankers, securities broker-dealers, and insurance agents"];
. Non-financial companies, such as [provide illustrative
					 examples, such as "retailers, direct marketers, airlines, and publishers"];
					 and
.s Others, such as [provide illustrative examples, such as
					 "non-profit organizations"]. We may also disclose nonpublic personal financial
					 information about you to nonaffiliated third parties as permitted by
					 law.
A-5-Service provider/joint marketing
					 exception
A licensee may use one of these clauses, as applicable, to
					 meet the requirements of section
					 38a-8-109(a)(5)
					 of the Regulations of Connecticut State Agencies. If a licensee discloses
					 nonpublic personal financial information under this exception, the licensee
					 shall describe the categories of nonpublic personal financial information the
					 licensee discloses and the categories of third parties with whom the licensee
					 has contracted.
Sample Clause A-5, Alternative 1:
We may disclose the following information to companies that
					 perform marketing services on our behalf or to other financial institutions
					 with whom we have joint marketing agreements:
. Information we receive from you on applications or other
					 forms, such as [provide illustrative examples, such as "your name, address,
					 social security number, assets, income, and beneficiaries"];
. Information about your transactions with us, our
					 affiliates or others, such as [provide illustrative examples, such as "your
					 policy coverage, premium, and payment history"]; and
. Information we receive from a consumer reporting agency,
					 such as [provide illustrative examples, such as "your creditworthiness and
					 credit history"].
Sample Clause A-5, Alternative 2:
We may disclose all of the information we collect, as
					 described [describe location in the notice, such as "above" or "below"] to
					 companies that perform marketing services on our behalf or to other financial
					 institutions with whom we have joint marketing agreements.
A-6-Explanation of opt out right (institutions that
					 disclose outside of the exceptions)
A licensee may use this clause, as applicable, to meet the
					 requirement of section
					 38a-8-109(a)(6)
					 of the Regulations of Connecticut State Agencies to provide an explanation of
					 the consumer's right to opt out of the disclosure of nonpublic personal
					 financial information to nonaffiliated third parties, including the method(s)
					 by which the consumer may exercise that right. The licensee may use this clause
					 if the licensee discloses nonpublic personal financial information other than
					 as permitted.
Sample Clause A-6:
If you prefer that we not disclose nonpublic personal
					 financial information about you to nonaffiliated third parties, you may opt out
					 of those disclosures, that is, you may direct us not to make those disclosures
					 (other than disclosures permitted by law). If you wish to opt out of
					 disclosures to nonaffiliated third parties, you may [describe a reasonable
					 means of opting out, such as "call the following toll-free number: (insert
					 number)"].
A-7-Confidentiality and security (all
					 institutions)
A licensee may use this clause, as applicable, to meet the
					 requirement of section
					 38a-8-109(a)(8)
					 of the Regulations of Connecticut State Agencies to describe its policies and
					 practices with respect to protecting the confidentiality and security of
					 nonpublic personal financial information.
Sample Clause A-7:
We restrict access to nonpublic personal financial
					 information about you to [provide an appropriate description, such as "those
					 employees who need to know that information to provide products or services to
					 you"]. We maintain physical, electronic, and procedural safeguards that comply
					 with federal regulations to guard your nonpublic personal financial
					 information.