When must an insurance agent provide a notice of information practices?

An insurance agent must provide a notice of information practices at the time of delivery of insurance or within 30 days of collecting personal information. This requirement is in place to ensure that individuals are aware of how their personal information will be used, shared, and protected by the insurer.

The rationale behind this timing is to inform the insured about their rights and the insurer's obligations regarding personal information, which builds transparency and trust. It provides consumers with the necessary information to understand their privacy rights immediately when they become clients, rather than waiting for a later stage, such as policy renewal or when a claim is filed. Providing the notice at these critical points helps to establish expectations and assures policyholders that their sensitive data is being handled in accordance with relevant laws.

The other choices do not align with the regulatory requirements that govern the timing of when these notices must be provided, which is crucial for consumer protection in the insurance context.