If State Farm sells part or all of its business, or merges with another company, your personal information may be transferred to the new entity as part of that transaction.
This analysis describes what State Farm's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
A business transfer could result in your insurance and financial data being held by a new company with different privacy practices, and the policy does not specify whether you would receive advance notice or have any right to object before such a transfer occurs.
Your personal information, including sensitive insurance and financial records, may be transferred to an acquiring entity in a corporate transaction without a specific advance consent mechanism described in this policy.
How other platforms handle this
We may share your personal information with our affiliates, meaning entities that control, are controlled by, or are under common control with Consensys. We also share information with service providers who assist in operating our services, subject to confidentiality obligations.
At Ledger, earning and maintaining our users' trust is a top priority. That's why we are deeply committed not only to protecting your privacy and securing your personal data, but also to being fully transparent about how we handle it.
Loyalty and partner program companies. We share information with our loyalty and partner program companies, like Ulta Beauty and Marriott.
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"in connection with a proposed or actual sale, merger, transfer, or exchange of all or a portion of our business or operating unit.— Excerpt from State Farm's State Farm Privacy Policy
REGULATORY LANDSCAPE: GLBA and state insurance privacy regulations govern permissible disclosures in connection with business transfers. Some state privacy laws, including the CPRA, require that a successor entity honor existing privacy commitments or provide new notice before using acquired personal information in materially different ways. The FTC has enforcement authority over representations made in privacy policies that are not honored following corporate transactions. GOVERNANCE EXPOSURE: Low to medium. Business transfer data sharing provisions are standard in financial services privacy policies. The primary risk arises if an acquiring entity materially changes privacy practices without adequate notice or if the transfer triggers state-specific requirements for prior authorization. JURISDICTION FLAGS: Vermont's authorization requirement for intra-family sharing may extend to certain transfer scenarios. California requires that successor entities honor opt-out elections or provide new notice and choice. Insurance regulatory approval processes for mergers and acquisitions in each state may also impose conditions on data handling. CONTRACT AND VENDOR IMPLICATIONS: M&A due diligence processes should include assessment of privacy policy commitments that transfer with the acquired business and any jurisdiction-specific restrictions on data transfer in connection with a sale. COMPLIANCE CONSIDERATIONS: If a business transfer is contemplated, privacy counsel should evaluate whether the transfer triggers notice obligations under applicable state laws and whether successor privacy commitments must be documented in transaction agreements.
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A business transfer could result in your insurance and financial data being held by a new company with different privacy practices, and the policy does not specify whether you would receive advance notice or have any right to object before such a transfer occurs.
Your personal information, including sensitive insurance and financial records, may be transferred to an acquiring entity in a corporate transaction without a specific advance consent mechanism described in this policy.
ConductAtlas has identified this type of provision across 3 platforms. See the full comparison.
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