Florida Regulations 69O-128.030: Preamble
Current as of: 2024 | Check for updates
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(1) These rules establish standards for developing and implementing administrative, technical and physical safeguards to protect the security, confidentiality, and integrity of customer information, pursuant to Sections 501, 505(b), and 507 of the Gramm-Leach-Bliley Act, codified at 15 U.S.C. § 6801, 6805(b) and 6807.
(2)(a) Section 501(a) provides that it is the policy of the Congress that each financial institution has an affirmative and continuing obligation to respect the privacy of its customers and to protect the security and confidentiality of those customers’ nonpublic personal information.
(b) Section 501(b) requires the state insurance regulatory authorities to establish appropriate standards for the financial institutions under their jurisdiction relating to administrative, technical, and physical safeguards:
1. To ensure the security and confidentiality of customer records and information;
2. To protect against any anticipated threats or hazards to the security or integrity of such records; and,
3. To protect against unauthorized access to or use of records or information that could result in substantial harm or inconvenience to a customer.
(c) Section 505(b)(2) requires state insurance regulatory authorities to implement the standards prescribed under Section 501(b) by rule with respect to persons engaged in providing insurance.
(d) Section 507 provides, among other things, that a state regulation may afford persons greater privacy protections than those provided by subtitle A of Title V of the Gramm-Leach-Bliley Act.
(3) This Part requires that the safeguards established pursuant to this Part shall apply to nonpublic personal information, including nonpublic personal financial information and nonpublic personal health information.
Rulemaking Authority 624.308(1), 626.9651 FS. Law Implemented 624.307(1), 626.9651 FS. History-New 12-8-02, Formerly 4-128.030.
Terms Used In Florida Regulations 69O-128.030
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(b) Section 501(b) requires the state insurance regulatory authorities to establish appropriate standards for the financial institutions under their jurisdiction relating to administrative, technical, and physical safeguards:
1. To ensure the security and confidentiality of customer records and information;
2. To protect against any anticipated threats or hazards to the security or integrity of such records; and,
3. To protect against unauthorized access to or use of records or information that could result in substantial harm or inconvenience to a customer.
(c) Section 505(b)(2) requires state insurance regulatory authorities to implement the standards prescribed under Section 501(b) by rule with respect to persons engaged in providing insurance.
(d) Section 507 provides, among other things, that a state regulation may afford persons greater privacy protections than those provided by subtitle A of Title V of the Gramm-Leach-Bliley Act.
(3) This Part requires that the safeguards established pursuant to this Part shall apply to nonpublic personal information, including nonpublic personal financial information and nonpublic personal health information.
Rulemaking Authority 624.308(1), 626.9651 FS. Law Implemented 624.307(1), 626.9651 FS. History-New 12-8-02, Formerly 4-128.030.