The Compliance Assured seal demonstrates our commitment to doing everything necessary to keep you and your clients personal financial & health information secure.

Why is this important? Identity theft is America's fastest growing crime. Estimates are that one out of five Americans has been victimized in the past five years. In 2004, approximately $54 billion was lost by businesses and consumers due to identity theft.

The Compliance Assured seal exemplifies our mission of conducting business safely, confidently and efficiently in a networked world. Our customers trust that we care about their wellbeing and the security of their personal information. While it is impossible to protect our clients from every threat to their information, the Compliance Assured program demonstrates our commitment to our clients’ privacy. If you have any questions about our privacy polices, please feel free to contact us.

Q: What is this about?

• Federal Government and Pennsylvania have adopted regulations designed to limit identity theft.
• The state regulation is actually specific to licensed insurance producers in PA. FYI it is PA law # 146a,b,c
• You must be compliant.
• To do so you have to go to firms that you share personal financial information with and make them aware of their need to get compliant

Q: What is the big deal?

• Identity theft is the fastest growing crime in the world.
• Identity theft costs business & consumers over $53 billion in 2004.
• Identity theft has affected 1 out of every 5 Americans in the US.
• Fastest growing set of victims is CHILDREN who won’t know about their credit until they are at least 18.
• Most Insurance producers are not taking their obligation to protect this information seriously, but WE ARE!!!!

Q: What do I have to do?

• Pretty complex
• Notification to clients as to what your firm is doing to insure security of client data
• Writing polices & procedures regarding what your staff needs to do to insure that client data remains secure
  • Polices and procedures must be based on your organization
  • Can’t take a copy of another firms and use as your own
• Train all employees on the polices and procedures and get them to sign a document saying they took training and understood it
• Scanning your computers to make sure they are secure; this scan must be done on a regular basis
• Talk to anyone you share information with or who may have access to your client’s private information.
• You must make a good faith effort to get them to comply
  • Other producers, Brokers, Carriers
  • Landlord, computer repair person, cleaning person, etc
  • Have to continue to do it in the future not once-and-done

Q: Why are we doing this now?

• We believe that there is a possibility of an enforcement action.
• All insurance Associations have publicly discussed the need to take this issue seriously.

Compliance Article from Pennslvania Health Underwriters

Examples of Enforcement
GLBA Enforcement Coverage and Penalties
Fines and Enforcement Table
FTC Authority Memo
FTC - 0523117 Nations Agency Decision and Order

An Easy, affordable solution to get compliant:

If you do not have a solution in place and you choose to use Compliance Assurance you will receive a 10% discount from them since you are associated with Selario Agency. Click HERE to find out how.