According to A.M. Best, California is the center of attention as states start rolling out privacy laws more strict than the the Gramm-Leach-Bliley Act of 1999.
None of the various financial privacy proposals that have been proposed in California over the past two years have passed. However, following the leads of Vermont and New Mexico, the only two states that have adopted an "opt-in" privacy approach that require the consumer to actively consent to disclosure rather than passively object, some California lawmakers are considering a number of legislative proposals, including S.B. 773, int...
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