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YOUR
PRIVACY IS OUR CONCERN
Certain
laws regulate the collection, use, and disclosure of a consumer or
customer's nonpublic information. Security Life Insurance Company of
America does not sell or otherwise disclose any nonpublic personal
information about its customers or former customers to anyone outside the
Company, except as permitted by law. You don't need to take any
action to prevent disclosure; this notice is solely for your information.
It
is the policy of Security Life to:
- collect
only information necessary or relevant to our business;
- make
a reasonable effort to ensure that information we act upon is
accurate, relevant, timely and complete;
- use
only legitimate means to collect information;
ˇ
make personal information available externally only to respond to
legitimate business needs, to regulatory or other government authorities
or as otherwise permitted by law; and
- limit
employees' access to nonpublic personal information to those who need
it in order to perform their jobs and who are trained in the proper
handling of personal information.
We
are providing you with the following summary of the kinds of information
that Security Life or its agents may collect, what is done with
information after it is collected, and how you can find out about
information, if any, that we have about you in our records.
What
kind of information do we collect about you and from whom?
We
get most of our information directly from you. The application you
complete, as well as any additional information you provide, generally
gives us most of the information we need to know. Sometimes we may
contact you by phone or mail to obtain additional information.
Depending on the nature of your insurance transaction, we may need
additional information about you or other individuals proposed for
coverage from outside sources, such as medical records, credit reports,
court records or other public records. We also might obtain
information from third parties that you disclose on your application, such
as other insurance companies or financial institutions.
What
do we do with the information collected about you?
Information
that has been collected about you may be contained in our policy records
and/or in your agent's files. We review it in evaluating your
request for insurance coverage and in determining your rates. We
will also refer to and use information in our policy records for purposes
related to issuing and servicing insurance policies and settling claims.
Your agent may use information about you in his/her files for insurance
marketing purposes or to help you with your overall insurance program.
We
will not disclose information about you to others without your written
consent unless the disclosure is necessary to conduct our business.
By law, we are also permitted to share information about you without prior
permission under certain circumstances to certain persons and
organizations such as:
- our
affiliated insurance companies;
- your
agent or broker;
- parties
who perform a business, professional or insurance function for our
company, including reinsurance companies and administrators;
- businesses
that conduct actuarial or underwriting studies;
- other
insurance companies, agents or consumer reporting agencies as
reasonably necessary in connection with any application, policy, or
claim involving you;
- insurance
support organizations which are established to collect information for
the purpose of detecting and preventing insurance crimes or fraudulent
claims; and insurance regulatory or law-enforcement agencies in
connection with the regulation of our business.
Should
you cease to be one of our policyholders or after your claim is settled,
it is our policy to archive your information for a period of 10 years.
At any time, you have the right to remove yourself from our databases by
contacting us in writing.
How
do we protect the confidentiality of information about you?
We
restrict access to nonpublic information about you to those employees who
need to know that information to provide products or services to you.
We maintain safeguards in order to guard your nonpublic personal
information. Confidentiality agreements are obtained from
third-party vendors where services they perform for us in connection with
our normal business operation may give them access to nonpublic
information. Finally, Security Life educates its employees regarding
privacy so that they know about its importance.
How
can you find out about information we have about you?
You
have the right to know what kind of information we keep in our files about
you, to have reasonable access to it and receive a copy. Write to us
if you have questions about information that you would like to receive.
When you write us, please provide your complete name, address, type of
policy and policy number that was issued or applied for with us and
identify the information you seek. You may write to us at:
Security Life Insurance Company of America, Attention: Privacy
Coordinator, 10901 Red Circle Dr, Minnetonka, MN 55343-9137.
07/2001
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