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SENATE BILL NO. 1124

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S1124.......................................by COMMERCE AND HUMAN RESOURCES
PERSONAL INFORMATION - DISCLOSURE - Adds to existing law to prohibit the
disclosure of nonpublic personal information to nonaffiliated third
parties; and to provide that the director of the Department of Insurance
may adopt rules consistent with the Gramm-Leach-Bliley Act of 1999.
                                                                        
02/12    Senate intro - 1st rdg - to printing
02/13    Rpt prt - to Com/HuRes

Bill Text

                                                                        
                                                                        
  ||||              LEGISLATURE OF THE STATE OF IDAHO             ||||
 Fifty-sixth Legislature                  First Regular Session - 2001
                                                                        
                                                                        
                                       IN THE SENATE
                                                                        
                                    SENATE BILL NO. 1124
                                                                        
                         BY COMMERCE AND HUMAN RESOURCES COMMITTEE
                                                                        
  1                                        AN ACT
  2    RELATING TO DISCLOSURE OF NONPUBLIC PERSONAL INFORMATION; AMENDING CHAPTER 13,
  3        TITLE 41, IDAHO CODE, BY THE ADDITION OF  A  NEW  SECTION  41-1334,  IDAHO
  4        CODE,  TO  PROHIBIT  THE  DISCLOSURE  OF NONPUBLIC PERSONAL INFORMATION TO
  5        NONAFFILIATED THIRD PARTIES AND TO PROVIDE FOR THE ADOPTION  OF  RULES  BY
  6        THE DIRECTOR OF THE DEPARTMENT OF INSURANCE.
                                                                        
  7    Be It Enacted by the Legislature of the State of Idaho:
                                                                        
  8        SECTION  1.  That  Chapter  13,  Title 41, Idaho Code, be, and the same is
  9    hereby amended by the addition thereto of a NEW SECTION, to be known and  des-
 10    ignated as Section 41-1334, Idaho Code, and to read as follows:
                                                                        
 11        41-1334.  DISCLOSURE  OF  NONPUBLIC  PERSONAL  INFORMATION.  (1) No person
 12    shall disclose any nonpublic personal information  to  a  nonaffiliated  third
 13    party  contrary  to the provisions of title V of the Gramm-Leach-Bliley act of
 14    1999, public law 106-102.
 15        (2)  The director may adopt rules necessary to  carry  out  this  section.
 16    Such  rules shall be consistent with, and not more restrictive than, the stan-
 17    dards contained in regulations promulgated under title V of  the  Gramm-Leach-
 18    Bliley  act  of  1999,  public law 106-102, by the federal regulatory agencies
 19    governing financial institutions doing business in Idaho.

Statement of Purpose / Fiscal Impact

                      STATEMENT OF PURPOSE
                                
                            RS 10780
                                
In 1999, the United States Congress passed the Gramm-Leach-Bliley Act
(public law 106-102) . This Act restricts the flow of certain
information, termed "non-public personal information," that may be
released by "financial institutions," a term defined within the Act.
This proposed legislation would permit the Idaho Department of
Insurance to promulgate rules designed to carry out the requirements
set forth in the Gramm-Leach-Bliley Act. Without state issued rules,
federal rules from regulatory agencies governing financial institutions
will be imposed upon the state.





                          FISCAL IMPACT
                                
                                
                                
The fiscal impact of the Bill is estimated to be $1,500 for printing
costs connected with rulemaking.
CONTACT:

       Name:  Woody Richards
              Organization:  National Association of Independent Insurers
       Phone: 385-5451



STATEMENT OF PURPOSE/FISCAL NOTE       S 1124



                                                      S 1124