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Dec 18
Now Available: Updated GLBA Model Privacy Form

The Big “I” Office of General Counsel has updated its legal advocacy memo titled “The Privacy Provisions of the Gramm-Leach-Bliley Act and Their Impact on Insurance Agents & Brokers.”

Although the previous model privacy form complies with the Gramm-Leach-Biley Act (GLBA), proper use of the new form provides agencies with a safe harbor from Federal Trade Commission enforcement actions regarding an agency’s privacy notice. The updated memo includes a new model privacy form and a link to fillable PDFs agencies can use to create a privacy form tailored to their privacy policy—resources developed in a collaborative effort by several federal agencies that oversee business compliance with the GLBA. As always, agents and brokers should ensure their privacy notices are consistent with their current business practices and privacy policies.

The Big “I” is pleased to make this and other legal advocacy memos available as a free benefit to all Big “I” members. To access the updated memo, log in to the Big “I” website, select Legal Advocacy under the Resources drop-down menu and navigate to “Gramm-Leach-Bliley Act” under the Memoranda & FAQ tab.  

Please contact Joseph Doherty with any questions.

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