Are insurance agents subject to the regulation?
Yes, see the “Questions for Agents” section for detailed information regarding the regulations applicability to producers. • Are third party agents (TPAs) and managing general agents (MGAs) subject to the regulation? All entities that are licensed under the applicable state insurance law are required to comply with the regulation, which would include licensed MGAs. Since Alabama does not license TPAs, the notice requirements do not apply to a TPA; however, the law and regulation indirectly applies to a TPA since it would be applicable to the insurer • Are workers compensation plans covered by the regulation? No, workers compensation plans are not subject to the Insurance Commissioners regulation, although they are presumable subject to the Federal law. NOTE: Even under the NAIC model regulation, a workers compensation plan is only required to provide privacy and opt out notices to a person who receives benefits from the plan (a “beneficiary”) if the plan wishes to disclose the benefici
