Mo. Governor Signs Consumer Privacy Bill

Missouri Gov. Bill Holden recently signed HB 801, enabling the state Insurance Commissioner to adopt consumer privacy regulations consistent with, but not more stringent than, the federal Gramm-Leach-Bliley Act (GLBA).

According to Ann Weber, counsel with the National Association of Independent Insurers (NAII), the new law benefits both consumers and insurers as it protects consumer privacy without including extraneous provisions that would raise the cost of insurance.

HB 801 becomes effective July 1.