By Louie Castoria and Lori S. Nugent
The Federal Trade Commission's new red flags rule, designed to protect personally identifiable information from data thieves, goes into effect Nov. 1. The rule requires service providers who receive payment after their services have been delivered–including insurance agencies and brokerages and many of their business customers–to develop and implement written identity theft prevention programs by Nov. 1.
(UPDATE: At the request of Congress, FTC is delaying enforcement of the Red Flags Rule until June 1, 2010. — Ed.) This is great news- it gives us more time to reach our clients and help them be prepared to respond if/when they are victims of days theft.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
