This bill amends existing law to exempt insurance-support organizations from certain notification and disclosure requirements regarding personal data collection. Specifically, it adds a new provision that allows these organizations to collect, process, sell, or disclose personal data for the purpose of detecting or preventing fraud, material misrepresentation, or material nondisclosure in connection with insurance underwriting or claims activities. This exemption is in addition to existing exemptions for protected health information, financial institutions, and other specified entities.

The bill modifies Section 10 of P.L.2023, c.266 (C.56:8-166.13) by deleting the phrase "or" at the end of subsection g and inserting a new subsection i, which outlines the specific exemption for insurance-support organizations. This change aims to clarify the legal framework surrounding the handling of personal data in the insurance sector, ensuring that organizations can effectively combat fraud while maintaining compliance with relevant laws. The act is set to take effect immediately upon passage.

Statutes affected:
Introduced: 56:8-166.13