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NAIC has proposed a cybersecurity law for insurance companies but states have been slow to adopt it.

The “Insurance Data Security Model Act,” a significant initiative of the National Association of Insurance Commissioners (NAIC) in response to concerns about cybersecurity and the result of more than a year and a half of drafting work, was completed in October 2017 to be ready to roll out to states during the 2018 legislative sessions.

Paul Tetrault

PropertyCasualty360

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