Bill > A5017

This bill amends a previous law about personal data privacy by adding exemptions for certain types of organizations and data collection practices. Specifically, the bill expands the list of entities and scenarios that are not subject to the original data privacy requirements, including protected health information covered by federal health privacy rules, financial institutions regulated by the Gramm-Leach-Bliley Act, insurance institutions, data collected by the Motor Vehicle Commission, consumer reporting agency data, state and political agencies, research data conforming to federal human subjects protection guidelines, and most notably, personal data collected by insurance-support organizations for the purpose of detecting or preventing fraud in insurance underwriting or claims processing. The bill also adds a new exemption for national securities associations registered under the Securities Exchange Act. The key change appears to be providing a specific exemption for insurance-support organizations' fraud detection activities, which allows these organizations more flexibility in collecting and using personal data when investigating potential insurance fraud. The bill takes effect immediately upon enactment.

Business and Industry

https://www.njleg.state.nj.us/bill-search/2024/A5017