The American Council of Life Insurers (ACLI) has long advocated for common-sense, consumer-oriented policy proposals.
Last week the U.S. Chamber of Commerce’s Technology Engagement Center published a white paper that calls for a national data strategy, including the need for national privacy legislation. ACLI strongly supports the creation of an unequivocal federal pre-emptive privacy standard and applauds the Chamber’s efforts in this area.
Our industry is aligned with the U.S. Chamber in believing that consumers should have notice, choice and reasonable control with respect to the collection, use and sharing of personal information. ACLI members recognize their affirmative and continuing commitment to respect consumer privacy through transparency in the collection, use and disclosure of personal information.
To meet these consumer expectations, ACLI members support a national privacy law that provides pre-emptive, uniform standards for all consumers to govern their interactions with all business sectors. These uniform federal standards should empower consumers by requiring businesses to provide:
Consumers and companies need privacy requirements which:
The life insurance industry has joined with other industries and the U.S. Chamber in continuing the call for a national data privacy law. ACLI is proud of our member companies’ longstanding role as conscientious and responsible guardians of customers’ vulnerable personal information.
Our industry has appropriately managed consumers’ confidential medical and financial information for more than 175 years. We remain strongly committed to the proper use and protection of consumer data.
Paul Kangas is Vice President, Financial Services for the American Council of Life Insurers (ACLI). At ACLI, Paul is primarily responsible for federal legislative and regulatory activity related to financial services reform, data privacy and consumer protections.
Kate Kiernan was Vice President & Deputy, Policy Development. Her role was to ensure that legislative and regulatory developments related to the confidentiality and security of data and personal information are responsive to member company information needs.
