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FAIR Plan Privacy Policy
The
personal privacy of our policyholders is of great
importance to the Minnesota FAIR Plan. This notice is
intended to inform you of our policies for collecting,
using, securing and sharing of nonpublic personal
information.
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| Our
Privacy Principles |
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Information we may collect
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We collect and use
information needed to conduct our business, and to
provide you with customer service. We may collect
and maintain several types of information needed for
the day-to-day operation of the FAIR Plan such as:
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We collect information
from you on applications for insurance, such
as: your address, phone number,
property value and other characteristics of
your property, your personal history, and
your previous insurance carrier.
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We collect information from
your transactions with us such as payment
history, underwriting and claim documents
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We may
collect information from an inspection
of your premises.
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We may collect information
from governmental bodies in regard to your past
history, and the ownership of the subhect
property.
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We may collect
information regarding your claims
history from sources outside the FAIR
Plan.
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How we use
the information we collect
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We use customer
information to underwrite our policies, process your
claims, ensure proper billing, and to service your
account.
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What
information we share |
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In order to conduct our
normal business activities, we must sometimes share
information with persons outside the FAIR Plan.
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We may share
information with Property Evaluators when necessary
to perform an inspection and evaluation of your
property.
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We may share
information with Claim Adjusters when necessary to
investigate a claim made under your policy of
insurance.
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We may share
information with Private Investigators when
necessary for claims or underwriting purposes.
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We may share
information with our Legal Counsel when necessary
for claims or underwriting purposes.
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We may share
underwriting and claim information with our Member
Companies for the purpose of returning our
policyholders to the voluntary insurance market.
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We will share
information with parties outside the FAIR Plan if
you direct us to do so in writing.
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We will share
information with Law Enforcement Agencies when
required.
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We will share
information with the Courts when required.
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We will share
information with the Department of Commerce when
required.
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We will share
information when requested by persons who are a
party to your insurance contract such as: your
Agent, your Contract for Deed Holder, your Mortgage
Holder, other Named Insureds or Additional Insureds
listed on your policy of insurance.
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Protection of your information
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We require that any
person or organization that receives nonpublic
information from us protect the confidentiality of
that information. We require all our vendors to
have and follow policies that guarantee the privacy
of the information that we provide to them.
We also maintain
physical, electronic and organizational safeguards
to protect customer information. We continually
review our policies and procedures, monitor our
computer network and test the strength of our
security in order to ensure the safety of your
information.
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