The requirements for initial notice in Regulation .05A(2) of this chapter, the opt out in Regulations .08 and .11 of this chapter, and service providers and joint marketing in Regulation .14 of this chapter do not apply if the licensee discloses nonpublic personal financial information as necessary to effect, administer, or enforce a transaction that a consumer requests or authorizes, or in connection with: Servicing or processing an insurance product or insurance service that a consumer requests or authorizes; Maintaining or servicing the consumer's account with a licensee, or with another entity as part of a private label credit card program or other extension of credit on behalf of that entity; A proposed or actual securitization, secondary market sale, sales of servicing rights, or similar transaction related to a transaction of the consumer; or Reinsurance or stop loss or excess loss insurance. Disclosure by a licensee is considered to be necessary to effect, administer, or enforce a transaction if the disclosure is: Required, or is one of the lawful or appropriate methods, to enforce the licensee's rights or the rights of other persons engaged in carrying out the financial transaction or providing the product or service; or Required, or is a usual, appropriate, or acceptable method: To carry out the transaction or the product or service business of which the transaction is a part, and record, service, or maintain the consumer's account in the ordinary course of providing the insurance product or insurance service; To administer or service benefits or claims relating to the transaction or the product or service business of which it is a part; To provide a confirmation, statement, or other record of the transaction, or information on the status or value of the insurance product or insurance service to the consumer or the consumer's insurance producer; To accrue or recognize incentives or bonuses associated with the transaction that are provided by a licensee or any other party; To underwrite insurance at the consumer's request or for any of the following purposes as they relate to a consumer's insurance: Account administration; Reporting, investigating, or preventing fraud or material misrepresentation; Processing premium payments; Processing insurance claims; Administering insurance benefits including utilization review activities; Participating in research projects; or As otherwise required or specifically permitted by federal or state law; or In connection with: The authorization, settlement, billing, processing, clearing, transferring, reconciling, or collection of amounts charged, debited, or otherwise paid using a debit, credit, or other payment card, check, or account number, or by other payment means; The transfer of receivables or accounts, or interests in the receivables or accounts; or The audit of debit, credit, or other payment information.