Illinois Administrative Code › Title 50 - INSURANCE › Part 4002 - PERSONAL INFORMATION PRIVACY PROTECTION › Section 4002.150 - Other Exceptions to Notice and Opt Out Requirements for Disclosure of Nonpublic Personal Financial Information

Current through Register Vol. 48, No. 28, July 12, 2024
a) Exceptions to opt out requirements. The
			 requirements for initial notice to consumers in Section
			 4002.40(a)(2)
			 of this Part, the opt out in Sections
			 4002.70
			 and
			 4002.100
			 of this Part, and service providers and joint marketing in Section
			 4002.130
			 of this Part do not apply when a licensee discloses nonpublic personal
			 financial information:
1) With the consent or
			 at the direction of the consumer, provided that the consumer has not revoked
			 the consent or direction pursuant to Section
			 4002.70(i)
			 of this Part;
2) To protect the
			 confidentiality or security of a licensee's records pertaining to the consumer,
			 service, product or transaction;
3)
			 To protect against or prevent actual or potential fraud or unauthorized
			 transactions;
4) For required
			 institutional risk control or for resolving consumer disputes or
			 inquiries;
5) To persons holding a
			 legal or beneficial interest relating to the consumer;
6) To persons acting in a fiduciary or
			 representative capacity on behalf of the consumer;
7) To provide information to insurance rate
			 advisory organizations, guaranty funds or agencies, agencies that are rating a
			 licensee, persons that are assessing the licensee's compliance with industry
			 standards, and the licensee's attorneys, accountants and auditors;
8) To the extent specifically permitted or
			 required under other provisions of law and in accordance with the federal Right
			 to Financial Privacy Act of 1978 (
			 12
			 USC 3401 et seq.), to law enforcement
			 agencies (including the Federal Reserve Board, Office of the Comptroller of the
			 Currency, Federal Deposit Insurance Corporation, Office of Thrift Supervision,
			 National Credit Union Administration, the Securities and Exchange Commission,
			 the Secretary of the Treasury, with respect to Records and Reports on Monetary
			 Instruments and Transactions (31 USC Chapter 53, Subchapter II) and Financial
			 Recordkeeping (12 USC Chapter 21), a state insurance authority, and the Federal
			 Trade Commission), self-regulatory organizations or for an investigation on a
			 matter related to public safety;
9)
			 To a consumer reporting agency in accordance with the federal Fair Credit
			 Reporting Act (
			 15 USC
			 1681 et seq.) or from a consumer report
			 reported by a consumer reporting agency;
10) In connection with a proposed or actual
			 sale, merger, transfer or exchange of all or a portion of a business or
			 operating unit if the disclosure of nonpublic personal financial information
			 concerns solely consumers of the business or unit;
11) To comply with federal, State or local
			 laws, rules and other applicable legal requirements;
12) To comply with a properly authorized
			 civil, criminal or regulatory investigation, or subpoena or summons by federal,
			 State or local authorities;
13) To
			 respond to judicial process or government regulatory authorities having
			 jurisdiction over a licensee for examination, compliance or other purposes as
			 authorized by law; or
14) For
			 purposes related to the replacement of a group benefit plan, a group health
			 plan, or a group welfare plan.