GAO: states trail feds on privacy. (Late Breaking News).(Consumer privacy rules backed by state insurance authorities)(Government Activity)(Brief Article)

National Underwriter Property & Casualty-Risk & Benefits Management, May, 2002 by Brostoff, Steven

State insurance authorities are behind most federal regulators in establishing standards for safeguarding consumer privacy under the Gramm-Leach-Bliley Act, the General Accounting Office says. A GAO report said that while most states have adopted regulations or enacted legislation based on a model regulation developed by the National Association of Insurance Commissioners, there is no guarantee that all states will consistently implement the regulation.

GAO also noted that there is considerable variation in the privacy standards adopted by the states. By contrast, GAO said, except for the Federal Trade Commission, all the federal agencies charged with implementing GLB's privacy requirements have already issued their final standards. GAO noted that in...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.