What must a licensee include in its privacy notice regarding third parties?

A privacy notice for licensees, particularly in the insurance industry, must provide transparency about how consumer information is handled, especially regarding disclosures to third parties. The most accurate requirement is that the licensee must make disclosures to other third parties without needing to list specific exceptions. This enables consumers to understand that their information may be shared with certain entities but does not burden the notice with excessive detail about every possible exception to the general rule.

By stating that disclosures are made to other third parties without detailing specific exceptions, the licensee ensures that the privacy notice remains clear and concise while still informing consumers of the practice. This aligns with regulatory requirements of maintaining a degree of transparency while not overwhelming consumers with excessive information, which can lead to confusion rather than clarity.

This approach helps in establishing trust and maintains compliance with regulations that demand disclosures without unnecessarily complicating the notice.