AHIP AHM-250 Exam - Topic 5 Question 116 Discussion

Actual exam question for AHIP's AHM-250 exam

Question #: 116
Topic #: 5

In 1999, the United States Congress passed the Financial Services Modernization Act, referred to as the Gramm-Leach-Bliley (GLB) Act. The primary provisions included under the GLB Act require financial institutions, including health plans, to take several

ANotify customers of any sharing of non-public personal financial information with nonaffiliated third parties.

BProhibit customers from having the opportunity to 'opt-out' of sharing non-public personal financial information.

CDisclose to affiliates, but not to third parties, their privacy policies regarding the sharing of nonpublic personal financial information.

DAgree not to disclose personally identifiable financial information or personally identifiable health information.

Show Suggested Answer

Suggested Answer: A

by Jani at Aug 16, 2025, 12:43 PM

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Leandro

4 months ago

I thought they had to let us opt-out, guess I was wrong.

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Evette

4 months ago

Wait, can they really share our info without consent?

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Ricarda

5 months ago

Totally agree, transparency is key!

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Mauricio

5 months ago

The GLB Act requires notifying customers about info sharing.

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Maia

5 months ago

This is why we need stronger privacy laws!

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Chan

5 months ago

I vaguely recall something about protecting personally identifiable information, but I can't remember if that's specifically covered under the GLB Act.

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Essie

6 months ago

I practiced a similar question, and I think the focus was on how institutions must disclose their privacy policies to customers, not just affiliates.

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Margurite

6 months ago

I'm not entirely sure, but I feel like the act allows customers to opt-out of sharing their information. I need to double-check that.

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Alisha

6 months ago

I remember studying the GLB Act, and I think it emphasizes the need for financial institutions to notify customers about sharing their information.

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Alverta

6 months ago

Okay, I think I've got this. The question is asking about the primary provisions of the GLB Act, and the correct answer is A - financial institutions have to notify customers about sharing non-public personal financial information. I'm feeling good about this one.

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Iluminada

7 months ago

Ugh, I'm struggling with this one. The wording of the question and the options is a bit confusing. I'll need to re-read everything a few times to make sure I understand what they're asking. Maybe I can eliminate a couple of the options that seem less relevant.

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Lachelle

7 months ago

Ah, I remember learning about the GLB Act in one of my finance courses. I'm pretty confident that the correct answer is A - financial institutions have to notify customers if they share non-public personal financial information with third parties.

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Audry

7 months ago

Hmm, this seems like a tricky one. I'm not too familiar with the details of the GLB Act, so I'll need to think this through carefully. I'll start by trying to eliminate any options that don't seem to align with the question.

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Patti

7 months ago

I think the key here is to focus on the primary provisions of the GLB Act. The question is asking about the specific requirements for financial institutions, so I'll need to carefully read through the options and select the one that best matches the information provided.

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