HOUSE DOCKET, NO. 396        FILED ON: 1/12/2009

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 956

The Commonwealth of Massachusetts

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In the Year Two Thousand Nine

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An Act further regulating the use of personal information by insurance companies..

Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
 

Chapter 175 of the General Laws is hereby amended by adding the following new section:—

Section 2C.  Notwithstanding the provisions of any law or regulation to the contrary, no insurance company shall disclose any nonpublic personal information contrary to the provisions of Title V of the federal Financial Services Modernization Act of 1999 (public law 106-102), known as the Gramm-Leach-Bliley Act.  The commissioner of insurance may adopt rules and regulations to carry out this section in accordance with the requirements of chapter thirty A of the General Laws.  Such rules and regulations shall be consistent with and not more restrictive than standards contained in regulations promulgated under Title V of the Gramm-Leach-Bliley Act by federal regulatory agencies governing financial institutions doing business in the commonwealth.  Nothing in this section shall be construed to create a private cause of action.