What is the maximum duration for which a Disclosure Authorization Form remains effective?

The maximum duration for which a Disclosure Authorization Form remains effective is 12 months. This timeframe is specifically established to ensure that individuals have the opportunity to authorize the sharing of their personal information with designated parties while allowing for periodic renewal.

After 12 months, the authorization expires to protect the individual’s privacy and provide them with the ability to reassess their consent based on any changes in their circumstances or needs. This limitation helps maintain a clear boundary around the authorization of sensitive information while balancing the necessity of information sharing in the insurance and financial industries.

Understanding this duration is crucial for anyone involved in the handling of such forms, as it guides compliance with regulations intended to give consumers control over their personal data.