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July 05, 2001 at 08:00 PM
NU Online News Service, July 5, 5:09 p.m. – Florida insurance regulators say they are adopting an emergency consumer privacy rule to meet the July 1 privacy compliance deadline set by the federal Gramm-Leach-Bliley Financial Services Modernization Act.
The emergency rule will be in effect for 90 days, while the department moves ahead with developing a final privacy rule, a department representative says.
The department hopes to take written and oral comments, develop a proposed final rule, hold a public hearing, and promulgate a final rule within the next 90 days, the representative says.
The Florida emergency rule is similar to the model regulation on financial and health information privacy developed by the National Association of Insurance Commissioners, Kansas City, Mo., the representative says
