You are creating a negative business rule (ex- Location ≠ Chicago). When using this rule and the field is null, it does not work correctly. If the value for the field is null, then it does not match the rule so the rule should be in effect.
Steps to Reproduce:
Expected Results: Since Location does not equal Chicago, Settings should not be visible
Actual Results: Settings section is visible
Release : 16.0.3, 16.1.1
DE69609
Resolved in 16.1.3
Workaround -
Add one more rule for Is Empty.
I.E-
Rule #1 : Is Not Equal to Chicago / Hide Module
Rule #2 : Is Empty / Hide Module