EmR1708 Rule Text

Effect on small business:

This rule will not negatively affect regulated small businesses as the proposed rule change would no longer require them to send out annual privacy notices provided they are able to comply with the terms of the exceptions. The proposed rule change would also have a beneficial financial effect on small business that can be measured by the savings realized by not sending out annual privacy notices.

  A copy of any comments and opinion prepared by the Board of Veterans Affairs under s. 45.03 (2m), Stats., for rule proposed by the Department of Veterans Affairs.

None.

Agency contact person:

A copy of the full text of the proposed rule changes, analysis and fiscal estimate may be obtained from the Web site at: http://oci.wi.gov/Pages/Regulation/RulesCurrentlyPending.aspx

or by contacting Karyn Culver, Paralegal, at:

Phone:   [phone]

Email:   [e-mail]

Address:   125 South Webster St – 2nd Floor, Madison WI 53703-3474

Mail:   PO Box 7873, Madison, WI 53707-7873

Place where comments are to be submitted and deadline for submission:

A public hearing will be held in compliance with s. 227.24 (4), Stats., as the Office will concurrently issue the permanent rule for Notice of Hearing and deliver to Legislative Council the permanent rule as soon as possible following publication of the emergency rule. Specific time, date and location for comments will be provided in the Notice of Hearing.

 

The proposed rule changes are:

SECTION 1. Ins 25.13 (4) (title) is renumbered Ins 25.13 (4) (title) and (a), and are amended to read:

Ins 25.13 (4) Exception Exceptions. The annual privacy notice requirement in this section does not apply when a licensee complies with either of the following:

(a) When a licensee provides nonpublic personal financial information to any person described by s. Ins 25.50 (1) (a) 2.

SECTION 2. Ins 25.13 (4) (b) is created to read:

Ins 25.13 (4) (b) When both of the following conditions are met:

1. The licensee provides nonpublic personal information only in accordance with the provisions of this chapter.

2. The licensee has not changed its policies and practices with regard to disclosing nonpublic personal information from the policies and practices that were disclosed in the licensee’s most recent disclosure to consumers in accordance with this section.

SECTION 3. These emergency rule changes will take effect on the date of publication as provided in s.227.24 (1) (c),Stats.