Print Friendly SENATE BILL NO. 1124 – Personal information, disclosure
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
|||| 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
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.
The fiscal impact of the Bill is estimated to be $1,500 for printing
costs connected with rulemaking.
Name: Woody Richards
Organization: National Association of Independent Insurers
STATEMENT OF PURPOSE/FISCAL NOTE S 1124