§ 27-58-10 - Confidential customer information.
SECTION 27-58-10
§ 27-58-10 Confidential customerinformation. – (a) As used in this section, unless the context requires otherwise:
(1) "Customer" means a person with an investment, security,deposit, trust, or credit relationship with a financial institution; and
(2) "Nonpublic customer information" means informationregarding a person that has been derived from a record of a financialinstitution, including information concerning the terms and conditions ofinsurance coverage, insurance expirations, insurance claims, or insurancehistory of an individual. Nonpublic customer information does not includecustomer names, addresses or telephone numbers.
(b) No financial institution shall use any nonpublic customerinformation for the purpose of selling or soliciting the purchase of insuranceor provide the nonpublic customer information to a third party for the purposeof another's sale or solicitation of the purchase of insurance.