Last Update: July 2016
Prospect General represents licensed insurers and through its producers requests and obtains from consumers and customers nonpublic personal financial information, as defined below (“Nonpublic Personal Financial Information”), for use in connection with providing certain insurance products.
It is understood Nonpublic Personal Financial Information includes personally identifiable financial information and any list, description or other grouping of consumers, and publicly available information pertaining to them, that is derived using any personally identifiable financial information that is not publicly available. “Personally identifiable financial Information” means any information a consumer provides Prospect General to obtain a financial product or service, information otherwise obtained about a consumer in connection with providing a financial product or service to that consumer, and any information about a consumer resulting from any transaction involving a financial product or service between Prospect General and a consumer. Personally identifiable financial information includes a consumer’s name, address, zip code, email address, phone number, credit history, social security number, driver’s license number, date of birth and any other information that itself identifies, or when tied to the above information, may identify a consumer.
Pursuant to the Gramm-Leach-Bliley Act of 1999 (the “GLB Act”) and state insurance laws and regulations promulgated there under requiring that financial institutions develop policies to protect the confidentiality of Nonpublic Personal Financial Information, Prospect General has prepared a privacy notice regarding its privacy practices, which may be amended from time to time in accordance with the GLB Act and the state insurance laws and regulations of those states in which products are sold (the “Privacy Notice”). The Privacy Notice is provided to consumers and states that (1) Prospect General does not disclose any Nonpublic Personal Financial Information to any third party except as set forth in the Privacy Notice; and (2) the Privacy Notice does not provide the consumer an opportunity to opt out of disclosure of their Nonpublic Personal Financial Information for purposes of the GLB Act.
The Privacy Notice is sent to all insureds at the inception of their insurance policy and annually thereafter as long as the insurance policy remains in force. Prospect General will not disclose or use Nonpublic Personal Financial Information obtained other than in connection with the duties and obligations set forth in the insurance contract and in connection with servicing and processing a product that a consumer requests or authorizes in the ordinary course of business and except as otherwise set forth in the Privacy Notice or as otherwise provided by applicable federal and state laws and regulations.
Collection of Information:
While you are visiting our website, we may or may not collect personal/confidential information–written, in-person, telephone, facsimile, electronically and online—that may assist us in preparing a quote for you and in helping us to negotiate with our carriers on your behalf. The personal information we collect may include your name, address, policy or claim information, financial or other information as may be required by our underwriters.
We also collect personal information about you from the following sources:
Disclosure of Information:
We assure you that it is not our policy to share your private information with non-affiliated third parties other than as permitted or required by law. For example, we may share all of the information listed above with non-affiliated third parties for, including but not limited to, the following reasons:
Protection of Information:
Our Company maintains physical, electronic and procedural safeguards that comply with state and federal regulations to protect the confidentiality of your personal information.