NU Online News Service, Aug. 23, 4:45 p.m. – Regulators at the National Association of Insurance Commissioners, Kansas City, Mo., are discussing a proposed amendment that could reopen the NAIC's model privacy regulation, even though the model has already shaped privacy laws and regulations in 37 jurisdictions.
The proposed amendment would change the rules governing privacy notices to group policyholders.
The amendment would require insurers to provide initial, annual and revised notices to the plan sponsor, the group or blanket insurance policyholder, and any group annuity contractholders or workers' compensation policyholders.
NAIC members expect to discuss the proposed amendment in September at the NAIC's fall meeting.
