California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 5.9 - Privacy of Nonpublic Personal Information › Article 2 - Privacy Notices; Opt Out Notices for Nonpublic Personal Financial Information › Section 2689.7 - Information to be Included in Privacy Notices

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a) The initial, annual and revised privacy
				  notices that a licensee provides under Sections
				  2689.5,
				  2689.6, and
				  2689.9 shall, at a minimum,
				  include each of the following that applies to the licensee and to the consumers
				  to whom the licensee sends its privacy notice:
(1) The categories of nonpublic personal
				  information that the licensee collects;
(2) The categories of nonpublic personal
				  information that the licensee discloses;
(3) The categories of affiliates and
				  nonaffiliated third parties to whom the licensee discloses nonpublic personal
				  information, and the general types of businesses in which the third parties
				  engage if the information is disclosed pursuant to California Insurance Code
				  Section
				  791.13(k);
(4) The categories of nonpublic personal
				  information about the licensee's former customers that the licensee discloses
				  and the categories of affiliates and nonaffiliated third parties to whom the
				  licensee discloses nonpublic personal information about the licensee's former
				  customers, if the information is disclosed pursuant to California Insurance
				  Code Section
				  791.13(k);
(5) If a licensee wishes to disclose or
				  reserve the right to disclose nonpublic personal financial information to an
				  affiliate for marketing purposes without affirmative authorization or the right
				  to opt out of that disclosure, a statement explaining that the licensee may
				  disclose nonpublic personal financial information to affiliates for marketing
				  purposes without obtaining prior authorization and the law does not allow
				  customers to restrict that disclosure.
(6) An explanation of the consumer's right to
				  opt out of the disclosure of nonpublic personal financial information to
				  nonaffiliated third parties, including the methods by which the consumer may
				  exercise that right at that time;
(7) Any disclosures that the licensee makes
				  under Section
				  603(d)(2)(A)(iii)
				  of the federal Fair Credit Reporting Act (15 U.S.C.
				  1681a(d)(2)(A)(iii))
				  regarding the ability to opt out of disclosures of information among
				  affiliates;
(8) The licensee's
				  policies and practices with respect to protecting the confidentiality and
				  security of nonpublic personal information, including a general description as
				  to who is authorized to have access to the information;
(9) If applicable, a statement that the
				  consumer has the right to access and request correction of recorded nonpublic
				  personal information and a brief description of the manner in which those
				  rights may be exercised; and
(10)
				  The categories of disclosures that the licensee makes under California
				  Insurance Code Section
				  791.13.
(11) If applicable, the statement required by
				  California Insurance Code Section
				  791.04(b)(5).
(12) A licensee does not adequately
				  categorize the information that it discloses if the licensee uses only general
				  terms, such as transaction information about the consumer.