I just got an email from my auto insurance agent (who I've used for years and years) with an "update" requirement from the company he represents. One of the paragraphs that I was expected to agree to and sign was the following (I translated it with google to make it eaier to read for evertbody so maybe minor errors and apologies because its very long) :
".i) Carry out the evaluation of the insurance application and the analysis of the risk status; validate and verify your identity for the link, as well as the offer and granting of products and services; comply with the obligations contracted by Allianz with the owner of information in relation to the insurance contract they enter into and the legal obligations that arise from or are accessory to it; send to the competent authorities, including tax authorities and financial regulators, national or foreign, information related to the ownership of the products and services contracted or that may be contracted, contact information, movements and balances, and all other information that remains at Allianz that is requested by national or foreign regulations; for the prevention and/or detection of fraud or any type of crime, which includes consulting and/or verifying personal information that is published on social networks and/or the internet; consult, corroborate, obtain additional personal information and update personal data with the information that resides in databases managed by information operators, public databases or other external bases, with the purpose of complying with the instructions issued by the English Financial Superintendence on prevention of the risk of money laundering, the financing of terrorism and the proliferation of weapons of mass destruction; consult, request, provide, report, process and disclose information that refers to credit, financial, commercial and civil behavior, to Information Centers or information operators such as DATACREDITO and CIFIN, in order to evaluate the insurance application and the compliance with financial, commercial and/or credit obligations; for security and/or proof purposes before a judicial or administrative authority, when the data is obtained through recordings or provided by the Owner to the surveillance company for entry or stay in Allianz facilities; statistical, consultation, union and technical-actuarial purposes; tax purposes, including sending information to tax authorities in other countries, such as that of possible subjects of taxation in the United States to the Internal Revenue Service (IRS) and/or to the National Tax and Customs Directorate of Colombia (DIAN), under the terms of the Foreign Account Tax Compliance Act (FATCA) or the rules that modify it and the applicable regulations. On the occasion of the foregoing, you authorize Allianz to share the information referred to above, which you consider relevant and/or necessary with other companies of the Allianz Group, intermediaries, reinsurers, co-insurers, operators and service providers and other third parties with whom you have a relationship. contractual relationship."
Social networks, US IRS just to insure my car??? Por favor! I told him no, or translated: nunca jamas!
".i) Carry out the evaluation of the insurance application and the analysis of the risk status; validate and verify your identity for the link, as well as the offer and granting of products and services; comply with the obligations contracted by Allianz with the owner of information in relation to the insurance contract they enter into and the legal obligations that arise from or are accessory to it; send to the competent authorities, including tax authorities and financial regulators, national or foreign, information related to the ownership of the products and services contracted or that may be contracted, contact information, movements and balances, and all other information that remains at Allianz that is requested by national or foreign regulations; for the prevention and/or detection of fraud or any type of crime, which includes consulting and/or verifying personal information that is published on social networks and/or the internet; consult, corroborate, obtain additional personal information and update personal data with the information that resides in databases managed by information operators, public databases or other external bases, with the purpose of complying with the instructions issued by the English Financial Superintendence on prevention of the risk of money laundering, the financing of terrorism and the proliferation of weapons of mass destruction; consult, request, provide, report, process and disclose information that refers to credit, financial, commercial and civil behavior, to Information Centers or information operators such as DATACREDITO and CIFIN, in order to evaluate the insurance application and the compliance with financial, commercial and/or credit obligations; for security and/or proof purposes before a judicial or administrative authority, when the data is obtained through recordings or provided by the Owner to the surveillance company for entry or stay in Allianz facilities; statistical, consultation, union and technical-actuarial purposes; tax purposes, including sending information to tax authorities in other countries, such as that of possible subjects of taxation in the United States to the Internal Revenue Service (IRS) and/or to the National Tax and Customs Directorate of Colombia (DIAN), under the terms of the Foreign Account Tax Compliance Act (FATCA) or the rules that modify it and the applicable regulations. On the occasion of the foregoing, you authorize Allianz to share the information referred to above, which you consider relevant and/or necessary with other companies of the Allianz Group, intermediaries, reinsurers, co-insurers, operators and service providers and other third parties with whom you have a relationship. contractual relationship."
Social networks, US IRS just to insure my car??? Por favor! I told him no, or translated: nunca jamas!
