X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
The NAIC's Insurance Data Security Model Law has been well received at the federal level, with the Department of the Treasury strongly endorsing it and recommending that Congress consider adopting federal legislation. (Illustration: Stuart Briers for ALM Media) The NAIC’s Insurance Data Security Model Law has been well received at the federal level, with the Treasury Department strongly endorsing it and recommending that Congress consider adopting federal legislation. (Illustration: Stuart Briers for ALM Media)

In October 2017, the NAIC adopted an Insurance Data Security Model Law that builds on existing data privacy and consumer breach notification obligations. The Model Law requires every insurance licensee in a state (unless they qualify for an exemption) to maintain a written cybersecurity policy and implement a risk-based cybersecurity program. The Model Law also requires a licensee to satisfy specific requirements related to:

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.