Just thought I'd chime in...
An old Greek dude named Paracelsus once said that everything is toxic; it all depends on the dose. Exposure is based upon two basic factors, the frequency (how often) and duration (how long) of the task. Other factors are also considered contributory; they include such things as ingredients and concentration of the material you're working with, how much is in use, how it's being used (brushing vs. spraying), distance from the source, available controls such as ventilation or barriers, and any protective devices in use, such as a respirator. There are other considerations as well such as personal susceptibilities (like multiple chemical senstitivity), or propensities toward such things as allergies, or even pre-existing medical conditions such as asthma.
All of the posts in this thread have pretty much nailed the topic discussion. Basically, even though a material may be not be considered toxic or hazardous, caution should still be exercised and proper procedures followed for how the material should be used to avoid the potential for overexposures to occur. One of the most misleading things I have ever seen are the words "environmentally safe". Simply because a material is safe for the environment doesn't necessarily mean it's non-hazardous to humans. I have seen individuals overcome by environmentally safe organic vapors, and have to be taken to local clinics for observation. And the label also said the material was flammable...
Be careful with acrylics. While their RELATIVE hazards may be somewhat less than enamels (and then there are acrylic enamels), many contain alcohols and others may contain certain glycol ethers or possibly their associated acetates. Alcohols are toxic in their own right. OSHA has established a 15 min. short term exposure limit (STEL) for both isopropyl alcohol and methyl alcohol (methanol). And both are flammable. BTW, the flames from alcohol fires are practically invisible, so be overly careful. Glycol ethers and ether acetates can affect the hematopoietic (blood-based) systems of the body. (In addition, be wary of the ingredients in pigments, particularly the interior greens, zinc chromates, and some yellows used in the aircraft line of paints. I admit not having seen any MSDSs from model paint companies, but until I know for certain I will assume any of these materials to contain chrome-based pigments and take appropriate precautions. Zinc chromate as well as other hexavalent chrome compounds (Cr +6) are now confirmed human carcinogens (lung).
Above all, remember that the use of common sense is authorized. Typically, we in the modeling community spray (I use spray since that tends to typically carry the highest hazard potential) in very small quantities for fairly limited periods of time at any sitting. IMHO, I think that our overall potential for overexposures (that amount that exceeds the body's ability to metabolize and detoxify) is minimal.
I do, however, think that all bets are off when you pull out the spray can for that 1/16 King Big Track, or that 1/192 USS Neversail--but that's another thread...
I've pretty much rambled here. Hope this helps someone.
Gip Winecoff