Privacy Policy

YOUR PRIVACY is important to Magna Finance Company Inc.

We have always made it a priority to protect your non public personal information. In general, we restrict access to such information to those who need to know it to do their jobs and to provide superior service to our customers, and as required or permitted by law. We maintain strict physical and electronic safeguards to protect such information from unauthorized use or disclosure.

Our privacy principles are as follows:

  • We do not sell information about our customers.
  • We do not permit the use of our customers' non public personal information for use in marketing.
  • We limit access to non public personal information obtained from finance note to those persons who need to know it to perform their jobs and to provide superior service to our customers, and as required or permitted by law.
  • We protect non public information of our former customers in the same way as for our current customers.

WE COLLECT and use information that we believe is necessary to serve our Customers effectively. This information enables us to finance insurance premiums, process them, ensure proper billing and service the accounts.

The non public personal information that we collect includes:

  • Information we receive from our customers on finance notes, other forms, and through correspondence and communications with us through the mail, by telephone, and over the Internet, such as name, address, and telephone number.
  • Information about our customers' transactions with us, such as payment history.

WE DISCLOSE information that we collect only as required or permitted by Law to industry regulators, law enforcement agencies, anti-fraud organizations, and third parties who assist us in processing the transactions authorized by our customers and providing services to our customers as listed below.

The parties to whom we may disclose information include:

  • Insurance agents and brokers doing business with us
  • Insurance companies whose policyholder finances insurance premiums with us
  • Third parties who need to know that information to perform services for us, such as collection agencies
  • Law enforcement agencies or other governmental authorities
  • Insurance industry organizations in order to prevent or prosecute fraud or criminal activity
  • Attorneys or other authorized persons in connection with matters in litigation, as required by subpoenas and court rules and orders.