Rhode Island Code of Regulations › Title 230 - Department of Business Regulation › Chapter 20 - Insurance › Subchapter 60 - Miscellaneous › Part 7 - Privacy of Consumer Information (formerly Insurance Regulation 99) (230-RICR-20-60-7) › Section 230-RICR-20-60-7.17 - Other Exceptions to Notice and Opt Out Requirements for Disclosure of Nonpublic Personal Financial Information

Current through June 14, 2024
A.
				  Exceptions to opt out requirements. The requirements for initial notice to
				  consumers in §
										7.5(A)(2)   of this Part, the opt out in §§
										7.8  and
				   7.11   of this Part, and service providers and joint marketing in §
										7.14   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;
2. to protect
				  the confidentiality or security of a licensee's records pertaining to the
				  consumer, service, product or transaction;
a.
				  to protect against or prevent actual or potential fraud or unauthorized
				  transactions;
b. for required
				  institutional risk control or for resolving consumer disputes or
				  inquiries;
c. to persons holding a
				  legal or beneficial interest relating to the consumer; or
d. to persons acting in a fiduciary or
				  representative capacity on behalf of the consumer;
3. 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;
4. 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 U.S.C. §§
												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
				  31 U.S.C. §§
												5311 et seq. [Records and Reports on Monetary
				  Instruments and Transactions] and
				  12 U.S.C. §§
												1951 et seq. [Financial Recordkeeping], a
				  state insurance authority, and the Federal Trade Commission, self-regulatory
				  organizations or for an investigation on a matter related to public
				  safety;
5. to a consumer reporting
				  agency in accordance with the federal Fair Credit Reporting Act (15 U.S.C. §§
												1681 et seq.) and the fair credit laws of
				  this state; or from a consumer report reported by a consumer reporting
				  agency;
6. 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;
7. to comply with federal, state or local
				  laws, rules and other applicable legal requirements;
a. to comply with a properly authorized
				  civil, criminal or regulatory investigation, or subpoena or summons by federal,
				  state or local authorities; or
b.
				  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
8.
				  for purposes related to the replacement of a group benefit plan, a group health
				  plan or a group welfare plan.