Regulatory Alerts2001-01-01 | Bulletin 2001-4Oregon Insurance Division Bulletin 2001-4: Voluntary Expedited Filing Procedures for GLBA Section 305 Compliance
The Oregon Insurance Division issued Bulletin 2001-4 to establish a voluntary expedited filing process for insurance applications modified solely to meet disclosure obligations under Section 305 of the Gramm-Leach-Bliley Act. This procedure allows depository institutions and insurers to utilize model disclosure notices approved by federal banking agencies, thereby streamlining the prior approval process for these specific regulatory changes. Insurers must submit certified filings by September 15, 2001, to ensure compliance with the federal effective date of October 1, 2001, and the bulletin remains in effect until January 1, 2002.
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