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Regulation and Compliance > State Regulation

Alliance: Most States Acting On Financial Services Privacy

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NU Online News Service, Dec. 27, 10:45 a.m. – The Alliance of American Insurers in Downers Grove, Ill., says 45 states have started implementing the privacy provisions of the Gramm-Leach Bliley Financial Services Modernization Act.

The only six states that have not adopted a financial services privacy bill or regulation are Georgia, Maine, Massachusetts, Minnesota, New Jersey and Ohio.

A privacy bill or regulation is pending in five states: Arkansas, California, Connecticut, Maryland and Nevada.

Thirty-four states and the District of Columbia have adopted regulations or laws based on a 2000 model regulation from the National Association of Insurance Commissioners, Kansas City, Mo.

The 34 states are Alabama, Arizona, Colorado, Delaware, Florida, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Michigan, Mississippi, Missouri, Nebraska, New Hampshire, New York, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Washington, West Virginia, Wisconsin and Wyoming.

Eleven states and the District of Columbia have dropped a section that governs health information.

The 11 states that dropped the healthy privacy section are Connecticut, Delaware, Hawaii, Illinois, Indiana, Louisiana, Michigan, Missouri, Nevada and Tennessee.


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