According to the Gramm-Leach-Bliley Act, which document outlines the method of safeguarding NPI?

Prepare for the Florida Title Insurance Exam. Use flashcards and multiple choice questions with hints and explanations. Get ready to pass your exam!

The correct choice, which outlines the method of safeguarding Non-Public Personal Information (NPI) according to the Gramm-Leach-Bliley Act, is the Security Plan. This document is specifically designed to address how institutions must protect the NPI they collect and maintain, ensuring that appropriate safety measures and protocols are in place.

The Security Plan typically includes comprehensive strategies and processes for managing security risks, performing risk assessments, and implementing various security safeguards. It establishes a clear framework that organizations must follow to ensure they comply with regulatory requirements related to data protection.

While the other options, such as the Compliance Report, Privacy Policy, and Customer Agreement, play important roles in the overall compliance with the Gramm-Leach-Bliley Act, they serve different purposes. The Compliance Report may evaluate adherence to regulations, the Privacy Policy informs customers about how their information will be used and protected, and the Customer Agreement outlines the terms of service. However, the Security Plan is the primary document that specifically focuses on the method of safeguarding NPI, making it the most relevant choice in this context.

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