GAO says states' privacy efforts slow and patchy. (News).(Implementation of Gramm-Leach-Bliley Act)

National Underwriter Life & Health-Financial Services Edition, May, 2002 by Brostoff, Steven

State insurance authorities are behind most of the federal regulators in establishing standards for safeguarding consumer privacy under the Gramm-Leach-Bliley Act, the General Accounting Office says.

The report says 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 guaranty that all states will consistently implement the regulation.

Each state, GAO says, must independently take action to implement the regulation. During this period, GAO says, the security and confidentiality of insurance customer information and records may not be subject to a consistent level of legal protection.

GAO also notes that there is...

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