Why it matters
GLBA led to the privacy notices that customers receive when they buy financial products. It also supports safeguards for nonpublic personal information. State insurance regulators enforce privacy rules for insurance, often based on NAIC model rules. Customers may have the right to opt out of some sharing with unrelated companies. Agents should protect client data and follow their carrier and agency data policies. Families can ask how their information is used.
Source: law.cornell.edu