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Committee advances insurance data-privacy bill after hours of testimony and industry opposition
Summary
SB 354 would update insurance-sector privacy rules, give consumers opt-in rights for non-insurance uses, correction and deletion rights, and move enforcement or regulatory oversight toward the Department of Insurance; the committee advanced the bill 5-2 after significant stakeholder debate.
Senator Limon introduced SB 354 to modernize consumer privacy protections in the insurance market and the Senate Insurance Committee voted 5-2 to pass the bill to the Judiciary Committee after extended testimony from the Department of Insurance, consumer groups and multiple insurance industry associations.
"Protecting consumer privacy is only becoming more important in a digital world," Senator Limon said, describing the measure as updating insurance privacy law that dates from the 1980s. The bill would give consumers an opt-in right to sharing personal information for purposes unrelated to the insurance transaction, rights to correct inaccurate information, access to categories of information collected and the sources of that information, and the ability to receive reasons for adverse…
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