FCRA / GLBA / VCCLEA Sample Clauses

FCRA / GLBA / VCCLEA. 3.7.1. It is agreed upon and understood as a condition precedent to entering into this Agreement that the Company shall have the right to conduct background checks on all officers, employees, agents and servants of the Broker to verify their trustworthiness. In addition, the Company may, at its option, conduct an annual audit of the Broker and all Persons employed by the Broker and placing business through the Company. The Broker understands in connection with these background checks that (1) the Company may obtain consumer reports (which may include a credit report, credit score or criminal history report) or personal or privileged information from third parties and the Broker grants the Company the authority to do so, (2) in certain circumstances, such information as well as other personal privileged information subsequently collected by the Company may be disclosed to other Company affiliated third parties or to third parties, as required by Law or regulatory authority, without the Broker’s permission; (3) upon the Broker’s written request, within a reasonable time period, the Company will inform the Broker whether or not a consumer report was requested and the name and address of the Consumer Reporting Agency that furnished the report; (4) the Company may request and utilize subsequent consumer reports on the Broker for the purposes set forth in this Section 3.7.1 without the Broker’s prior authorization. 3.7.2. The Broker agrees to comply with all applicable Laws relating to the use of consumer reports (which may include but are not limited to Motor Vehicle Reports, C.L.U.E. Reports, Credit Scores, Credit Reports, etc.) including FCRA. 3.7.3. The Broker agrees to hold in strict confidence all credit card information and any other non-public personal information (as such is defined by applicable Law) concerning a policyholder or potential policyholder, consumer or customer (as defined by applicable Law), insured, applicant or potential applicant received by the Broker on behalf of the Company, to comply with all Laws with regard to the use and protection of such information including, but not limited to, FCRA, GLBA and PCI-DSS and not distribute, disseminate or reveal any such non-public personal information to any other party, other than the Company or its authorized representative, except as permitted or required by Law. 3.7.4. The Broker certifies, to the best of its knowledge, that neither the Broker nor anyone employed by the Broker and placing bu...
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FCRA / GLBA / VCCLEA. 3.7.1. It is agreed upon and understood as a condition precedent to entering into this Agreement that the Company shall have the right to conduct background checks on all officers, employees, agents and servants of the Agent to verify their trustworthiness. In addition, the Company may, at its option, conduct an annual audit of the Agent and all Persons employed by the Agent and appointed by the Company (either directly or through their affiliation with the Agent) as well as all persons appointed by the Company and authorized by the Agent to solicit insurance on behalf of the Agent. The Agent understands in connection with these background checks that (1) the Company may obtain consumer reports (which may include a credit report, credit score or criminal history report) or personal or privileged information from third parties and the Agent grants the Company the authority to do so, (2) in certain circumstances, such information as well as other personal privileged information subsequently collected by the Company may be disclosed to other Company affiliated third parties or to third parties, as required by Law or regulatory authority, without the Agent’s permission; (3) upon the Agent’s written request, within a reasonable time period, the Company will inform the Agent whether or not a consumer report was requested and the name and address of the Consumer Reporting Agency that furnished the report; (4) the Company may request and utilize subsequent consumer reports on the Agent for the purposes set forth in this Section 3.7.1 without the Agent’s prior authorization. 3.7.2. The Agent agrees to comply with all applicable Laws relating to the use of consumer reports (which may include but are not limited to Motor Vehicle Reports, C.L.U.E. Reports, Credit Scores, Credit Reports, etc.) including FCRA. 3.7.3. The Agent agrees to hold in strict confidence all credit card information and any other non-public personal information (as such is defined by applicable Law) concerning a policyholder or potential policyholder, consumer or customer (as defined by applicable Law), insured, applicant or potential applicant received by the Agent on behalf of the Company, to comply with all Laws with regard to the use and protection of such information including, but not limited to, FCRA, GLBA and PCI-DSS and not distribute, disseminate or reveal any such non-public personal information to any other party, other than the Company or its authorized representative, except as perm...

Related to FCRA / GLBA / VCCLEA

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