Under what circumstances is an agent allowed to share non-public personal financial information?

An agent is allowed to share non-public personal financial information primarily under the condition that the insured has given explicit consent. This requirement is rooted in privacy laws and regulations that protect the confidentiality of an individual's financial details. Consent ensures that the insured is aware of and agrees to the sharing of their information, thereby maintaining their control over personal data.

The other scenarios presented do not ensure the same level of privacy and protection. Sharing for promotional purposes would typically violate privacy standards, as it could involve exposing the client's information to third parties without their explicit permission. Communicating with regulatory agencies may be permissible under specific circumstances, but it often involves disclosure requirements that do not necessitate the sharing of non-public information unless it pertains to compliance or oversight roles, and the consent of the client is generally advisable. Lastly, sharing information as specified in the insurance contract cannot be a blanket justification unless the contract itself includes clauses that have been explicitly agreed to by the insured regarding information sharing.