§ 146a.1. Purpose.

 (a)  Purpose. This chapter governs the treatment of nonpublic personal financial information about individuals by various licensees of the Department. This chapter:

   (1)  Requires a licensee to provide notice to individuals about its privacy policies and practices.

   (2)  Describes the conditions under which a licensee may disclose nonpublic personal financial information about individuals to affiliates and nonaffiliated third parties.

   (3)  Provides methods for individuals to prevent a licensee from disclosing that information.

 (b)  Scope. This chapter applies to nonpublic personal financial information about individuals who obtain or are claimants or beneficiaries of products or services primarily for personal, family or household purposes from licensees. Unless otherwise specified, this chapter generally does not apply to information about companies or about individuals who obtain products or services for business, commercial or agricultural purposes.

 (c)  Compliance. A licensee domiciled in this Commonwealth that is in compliance with this chapter in a state that has not enacted laws or regulations that meet the requirements of Title V of the act of November 12, 1999 (Pub. L. No. 106-102, 113 Stat. 1338) known as the Gramm-Leach-Bliley Act (Financial Services Modernization Act of 1999) (15 U.S.C.A. § §  6801—6827) may nonetheless be deemed to be in compliance with Title V of the Gramm-Leach-Bliley Act in the other state.

 (d)  Examples. The examples provided in this chapter are for illustrative purposes only and do not otherwise limit or restrict the scope of this chapter.