State RegulationsMA specificDifficulty 1/5
Under M.G.L. c. 175I, § 4, what does an insurer's notice of information practices describe?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
M.G.L. c. 175I, § 4, part of the Massachusetts Insurance Information and Privacy Protection Act, requires the insurer to give a notice of information practices that describes how it collects, uses, and discloses personal information obtained in connection with insurance transactions. The notice is the applicant's roadmap to how private information will be handled, and it anchors the insurer's later disclosure conduct.
Why the other options are wrong
- A) Commission schedules are compensation terms between insurers and producers; they are not the subject of the privacy notice under M.G.L. c. 175I, § 4.
- B) Mortality assumptions are internal actuarial information, not the personal-information practices that M.G.L. c. 175I, § 4 addresses.
- C) Examination procedures belong to the regulatory supervision of insurer records, not to the insurer's information-practices notice.
Memory hook
The notice is the insurer's privacy map: what it collects, how it uses it.