NU Online News Service, Aug. 22, 6:53 p.m. – The Alaska Division of Insurance has released a draft of a proposed financial privacy regulation and scheduled a hearing for Sept. 5.
Alaska regulators have been working on the regulation for about a year.
The Alaska regulation could be "quite onerous" because of a section that would require insurers to ask consumers to take active steps to "opt in" to information-sharing arrangements with their own affiliates, according to Rey Becker, a vice president at the Alliance of American Insurers, Downers Grove, Ill.
