MONDAY, SEPTEMBER 27, 2010
In what's being called "a major victory for insurance agents and brokers," the California Department of Insurance has notified the California Office of Administrative Law of its intention to repeal certain portions of its privacy regulations.
The CDI notified OAL of its decision to repeal California Code of Regulations Section 2689.8(c)(3). That provision requires agents and brokers to annually mail privacy policies to all customers, and to provide an "opt out" form that, if returned by the customer, prevents broker-agents from shopping on renewal to find better policies from other insurance companies, explained Insurance Brokers and Agents of the West, which requested the change.
Read more: http://www.insurancejournal.com/news/west/2010/09/27/113562.htm#ixzz10ll60YLN
Posted 4:57 PM
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