Wis. Admin. Code Office of the Commissioner of Insurance Ins 25.95

Current through May 28, 2024
Section Ins 25.95 - Effective date
(1) APPLICABILITY. Enforcement under section 505 of the Gramm-Leach-Bliley Act ( PL 102-106 ) is effective only on and after the effective date of this rule.
(2) PHASE IN.
(a) Phased in notice requirement for consumers who are the licensee's customers on the compliance date. Beginning on the first day of the fourth month commencing after the after publication of this rule and by not later than June 30, 2002 a licensee shall provide an initial notice, as required by s. Ins 25.10, to consumers who are the licensee's customers on the first day of the fourth month commencing after the after publication of this rule.
(b) Example. A licensee provides an initial notice to consumers who are its customers on the first day of the fourth month commencing after the after publication of this rule, if, by that date, the licensee has established a system for providing an initial notice to all new customers and if by June 30, 2002 the licensee has mailed the initial notice to all the licensee's existing customers.

Wis. Admin. Code Office of the Commissioner of Insurance Ins 25.95

Cr. Register, June, 2001, No. 546, eff. 7-1-01; CR 03-083: r. (3) Register March 2004 No. 579, eff. 4-1-04.