On Oct. 24, the National Association ofInsurance Commissioners (NAIC) formally approved the Insurance Data Security Model Law (model law).

The NAIC is a standard setting and regulatory supportorganization consisting of the top insurance regulators from the 50states, District of Columbia, and five U.S. territories.

The model law applies to "licensees" which are defined aspersons and nongovernmental business entities subject to theinsurance laws of the state adopting the model law.

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