Which entity is not regulated by the insurance information and privacy protection act?

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The insurance information and privacy protection act primarily aims to govern how personal information is collected, used, and shared by insurance companies and their agents. It establishes guidelines to protect the privacy of individuals in relation to their insurance information.

Insurance companies and agents are directly subject to the regulations outlined in this act since they handle sensitive consumer data and must ensure it is managed in compliance with established privacy standards. This is critical for maintaining consumer trust and safeguarding personal information.

Insurance consumers, while they are the subjects of the information that companies and agents handle, are not entities that are regulated under this act. Instead, the act's focus is primarily on the obligations of the companies and agents regarding the handling of sensitive information.

Insurance regulators, on the other hand, are responsible for enforcing compliance with laws and regulations, including this act. However, they themselves are not regulated by it in the same way that insurance companies and agents are; they have oversight responsibility rather than being governed by the act's privacy provisions.

Thus, insurance regulators are the entity that is not directly regulated by the insurance information and privacy protection act, as their role centers on overseeing and enforcing compliance rather than being subject to the same privacy regulations as insurance providers and agents.

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