Insurance institution or agent; notice of financial information collection and disclosure practices.
Creates an exemption from the requirement that insurance institutions and agents provide policyholders with an annual notice of financial information collection and disclosure practices in connection with insurance transactions. The exemption applies when the insurance institution or agent provides nonpublic personal information to nonaffiliated third parties only in accordance with § 38.2-613 and has not changed its policies and practices with regard to disclosing nonpublic financial information from the policies and practices that were disclosed in the most recent notice sent to the policyholder.
Virginia HB 2422 (2017) — Insurance institution or agent; notice of financial information collection and disclosure practices.
Creates an exemption from the requirement that insurance institutions and agents provide policyholders with an annual notice of financial information collection and disclosure practices in connection with insurance transactions. The exemption applies when the insurance institution or agent provides nonpublic personal information to nonaffiliated third parties only in accordance with § 38.2-613 and has not changed its policies and practices with regard to disclosing nonpublic financial information from the policies and practices that were disclosed in the most recent notice sent to the policyholder.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Governor: Acts of Assembly Chapter text (CHAP0648) (committee substitute) — source
House: Bill text as passed House and Senate (HB2422ER) (committee substitute) — source
House: Presented and ordered printed 17104490D (committee substitute) — source
House: Printed as engrossed 17104490D-E (committee substitute) — source
Votes
Passed Senate — 40–0 (pass) · legislature
Reported from Commerce and Labor — 14–0 (pass) · legislature
Reconsideration of Senate passage agreed to by Senate — 40–0 (pass) · legislature
Reported from Commerce and Labor with amendments — 21–0 (pass) · legislature