States' Evolving Patchwork Of Insurance Data Security Laws

Law360 (October 9, 2020, 6:01 PM EDT) -- On Oct. 24, 2017, the National Association of Insurance Commissioners[1] adopted Model Law No. 668, the Insurance Data Security Model Law.[2]

Generally speaking, the model law requires entities regulated by state insurance departments to develop and implement an information security program to protect against cybersecurity breaches, to investigate cybersecurity events and to notify the appropriate state insurance regulators of such events when they occur.

Like other model laws the NAIC has adopted, such as the Producer Licensing Model Act, the NAIC hoped that the model law would prevent a patchwork of state insurance data security laws and provide a uniform state...

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