New Rules Aimed at Eliminating Confusion on Privacy Notices

The Texas Department of Insurance is proposing amendments to 28 TAC §22.9 on annual privacy notices to reduce confusion by eliminating the requirement for covered entities to send out redundant notices. The amendments also would align TDI’s rule with recent changes to federal requirements regarding disclosures of privacy policies under 15 U.S.C. §6803, part of the Gramm-Leach-Bliley Act, and consistent with Insurance Code Chapter 601. A fiscal note and local employment impact statement says that for each year of the first five years the proposed amendments would be in ef...