Insurance Data Security Model Law

The National Association of Insurance Commissioners’ (NAIC) Cybersecurity Task Force released a revised draft of the Insurance Data Security Model Law (Model Law) last week. The Model Law’s goal is to “establish exclusive standards… for data security and investigation and notification of a data breach” for “any person or entity licensed, authorized to operate, or registered” pursuant to state insurance laws. The Model Law was first released in April of this year and received over 40 comments from trade associations, market participants and regulators. This week, at the NAIC National Summer Meeting, the Task Force met with interested parties to discuss comments on this new draft and written comments to the Model Law may be submitted by September 16, 2016.
Continue Reading NAIC Released Draft of Revised Insurance Data Security Model Law for Review