Idaho Administrative Code
Title IDAPA 18 - Insurance, Department of
Rule 18.01.01 - RULE TO IMPLEMENT THE PRIVACY OF CONSUMER FINANCIAL INFORMATION
Section 18.01.01.150 - ANNUAL PRIVACY NOTICE TO CUSTOMERS
Universal Citation: ID Admin Code 18.01.01.150
Current through August 31, 2023
01. General Rule. A licensee will provide a clear and conspicuous notice to customers that accurately reflects its privacy policies and practices not less than annually during the continuation of the customer relationship. (3-31-22)
02. Exceptions: Termination of Customer Relationship and Duplicate Notices. (3-31-22)
a. A licensee is not obligated to provide an
annual notice to a former customer. A former customer is an individual with
whom a licensee no longer has a customer relationship. (3-31-22)
i. In the case of providing real estate
settlement services, at the time the customer completes execution of all
documents related to the real estate closing, payment for those services has
been received, or the licensee has completed all of its responsibilities with
respect to the settlement, including filing documents on the public record,
whichever is later. (3-31-22)
c. Notwithstanding Subsection
150.01, a licensee is not
obligated to provide the annual privacy notice to a current customer if the
licensee: (3-31-22)
i. Provides nonpublic
personal information to nonaffiliated third parties only in accordance with
Sections 450,
451, and
452; and (3-31-22)
ii. Has not changed its policies and
practices with regard to disclosing nonpublic personal information from the
policies and practices that were disclosed in the most recent disclosure sent
to consumers in accordance with Section
100 or Section
150.
(3-31-22)
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