Purpose of this Notice
Title V of the Gramm-Leach-Bliley Act (GLBA) generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a non-affiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of MSB Corporation DBA City State Insurance Agency.
The GLBA further requires that we inform you that you have a right to prevent us from sharing nonpublic personal information about you with a non-affiliated third party for any purpose that is not specifically authorized by law. Your right to prevent us from sharing nonpublic personal information about you with a non-affiliated third party for a purpose that is not specifically authorized by law is called your right to “opt out” of such information sharing.
Our Privacy Policies and Practices
1. Information we collect
We collect nonpublic personal information about you from the following sources:
• Information we receive from you on insurance applications or other insurance company forms with regard to insurance coverage in place.
• Information about your transactions with us or with others as it pertains to insurance coverage in place.
• Information we receive from a consumer reporting agency such, as credit reports bearing on your creditworthiness, credit standing, credit capacity, character, general reputation, personal characteristics or mode of life which is used, expected to be used, or collected for the purpose of serving as a factor in establishing your eligibility for insurance to be used primarily for personal purposes.
• Information we receive from claims adjusters or other individuals or entities concerning the processing of administration of claims that you might have as a result of purchasing an insurance product from us.
• Information we receive from underwriting services such as CLUE or Fair Isaac provided for insurance companies and agents and used as a factor in establishing your eligibility for insurance to be used primarily for personal purposes.
• Information we receive from government agencies such as motor vehicle records.
• Information that we compile from sources that are within the public domain such as telephone books, city directories, and membership lists that are subsequently compiled into a nonpublic personal information database used by us.
2. Information we may disclose to third parties
We may disclose all of the information that we collect about you, as described above, about our customers or former customers, to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreements. We also may disclose information about our customers or former customers as permitted by law.
3. Nonaffiliated third parties to whom disclosures may be made:
A. Non-Affiliated Third Parties To Whom Disclosures May Be Made
We may disclose nonpublic personal information about you, such as we have described above, to the following types of third parties that perform marketing services on our behalf or with whom we have joint marketing agreements:
• Financial institutions with whom we have joint marketing agreements such as insurance providers including those that have issued a policy or policies to you.
• Financial institutions that may have loaned you money to acquire an item of personal property such as a house, boat, car, jewelry, etc. that requires proof of insurance coverage.
• Other insurance agents or brokers to enable us to provide insurance coverage requested by you.
We may also disclose nonpublic personal information about you to non-affiliated third parties as permitted by law.
B. Notification of Your Right To Opt Out of Certain Disclosures
If you wish to opt out of such disclosures to non-affiliated third parties, you may call us at 319-438-6621 or 1-800-373-6621.
4) Affiliates with whom we share certain information protected by the Fair Credit Reporting Act, unless you tell us not to:
A. Information we can share with our affiliates, unless you tell us not to:
Unless you tell us not to, we may share with our affiliated companies information about you, including:
• Information we obtain from your insurance application, such as your income or your marital status.
• Information we obtain from a consumer report, such as your credit score or credit history.
• Information we obtain to verify representations made by you, such as your open lines of credit.
• Information we obtain from a person regarding its employment, credit or other relationship with you, such as your employment history.
B. Our affiliated companies who may receive this information are:
• Financial service providers, such as Insurance Companies, Agents and Brokers and Lenders.
C. How to tell us not to share this information with our affiliated companies:
• If you prefer that we not share this information with our affiliated companies, you may direct us not to share this information by doing the following: Call us at 319-438-6621 or 1-800-373-6621.
5) Our practices regarding information confidentiality and security:
We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.
6) Our policy regarding dispute resolution:
7) Reservation of the right to disclose information in unforeseen circumstances:
In connection with the potential sale of its interests, City State Insurance Agency and its affiliates reserve the right to sell or transfer your information (including but not limited to: your address, name, age, sex, zip code, state and country of residency and other information that you provide through other communications) to a third party entity that (1) concentrates its business in a similar practice or service; (2) agrees to be City State Insurance Agency’s successor in interest with regard to the maintenance and protection of the information collected; and (3) agrees to the obligations of this privacy statement.
NOT A DEPOSIT, NOT FDIC INSURED, NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY, NOT GUARANTEED BY THE BANK, MAY GO DOWN IN VALUE