Fair Insurance Information Practices Act

[AI summary unavailable — showing source text] Title I: Records Subject to Privacy Act - Amends the Privacy Act of 1974 to exempt insurance records from coverage under such Act, if the maintenance and disclosure of such records are subject to the Fair Insurance Information Practices Act. Title II: Fair Insurance Information Practices - Fair Insurance Information Practices Act - Prohibits insurance institutions, agents, and support organizations from disclosing individually identifiable personal information except if specified circumstances exist, including: (1) the written authorization of the individual concerned; (2) when required by Federal or State statute; (3) for governmental and insurance regulatory authority; (4) for business purposes; (5) to insurance institutions or a consumer reporting agency; and (6) for auditing or research purposes. Requires insurance institutions or agents to notify the individual concerned, in connection with an application for insurance or a claim of the: (1) types of personal information to be collected; (2) techniques of collection; and (3) individual's rights with regard to such information. Sets forth limitations on information collection practices, including: (1) inducing an individual to …