SF0060 - Insurance-privacy regulations.

 

2001

State of Wyoming

01LSO-0212.E1 ENGROSSED

 

 

 

SENATE FILE NO.  SF0060

 

 

Insurance-privacy regulations.

 

Sponsored by:  Joint Corporations, Elections and Political
Subdivisions Interim Committee

 

 

A BILL

 

for

 

 1  AN ACT relating to insurance; authorizing rules governing
 2  the disclosure of financial and health information of
 3  insurance consumers; specifying restrictions on rules;
 4  sunsetting rules as specified; and providing for an
 5  effective date.

 6 

 7  Be It Enacted by the Legislature of the State of Wyoming:

 8 

 9         Section 1.  W.S. 26-2-133 is created to read:

10 

11         26-2-133.  Disclosure of nonpublic personal
12  information; rulemaking; rulemaking authority limited.

13 

14         (a)  The commissioner is authorized to adopt rules
15  necessary to govern the practices of all persons licensed
16  under this code with respect to the disclosure of nonpublic

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 1  personal financial and health information of insurance
 2  consumers and customers. The rules shall prohibit the
 3  disclosure of any nonpublic personal information contrary
 4  to the provisions of title V of the Gramm-Leach-Bliley Act
 5  of 1999, P.L. 106-102.

 6 

 7         (b)  Unless specifically reauthorized by the
 8  legislature prior to July 1, 2007, rules and regulations
 9  promulgated under subsection (a) of this section prior to
10  July 1, 2007, shall on and after July 1, 2007, be null and
11  void and of no effect and shall not be enforceable.

12 

13         Section 2.  This act is effective immediately upon
14  completion of all acts necessary for a bill to become law
15  as provided by Article 4, Section 8 of the Wyoming
16  Constitution.

17 

18                         (END)

 

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