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GLB Privacy Provisions Still Cause Confusion Is it any wonder that consumers are confused and overwhelmed by their privacy options? The whole initiative has become a patchwork quilt with different requirements for different financial institutions. The issue is different state requirements that treat certain types of insurance differently.

Property-casualty insurers that write business in more than a few states have had to deal with a multitude of privacy compliance issues since President Clinton signed the Gramm-Leach-Bliley Act into law in July 1999.

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