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#2251362 - 03/29/21 01:18 PM Is "Constructive Sharing" Really OK?
Anonymous
Unregistered

We have an insurance affiliate and we have disclosed this on our privacy notice. We stated that the customers could not limit sharing for our affiliates' everyday business purposes (information about your transactions and experiences). Are we able to provide name, address, email and generic collateral type (i.e. auto loan or mortgage) to the insurance affiliate to offer an insurance quote without requiring an opt-out? We of course would let them know they are not required to purchase their insurance through us as a condition for their loan.

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#2251364 - 03/29/21 01:41 PM Re: Is "Constructive Sharing" Really OK? Anonymous
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 75,813
Galveston, TX
You need to get very familiar with Subpart C of Regulation V since they are going to use the information for marketing and update your privacy notices..
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The opinions expressed here should not be construed to be those of my employer: PPDocs.com

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#2251572 - 03/31/21 04:32 PM Re: Is "Constructive Sharing" Really OK? Anonymous
Anonymous
Unregistered

Check state insurance laws as well. Our state insurance commission requires an additional opt-IN from the customer.

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