Man's hands on a computer keyboard. Insurers doing business in Virginia will be required to maintain a written information security program that will vary depending on the size and complexity of the insurer, the nature of its activities, and the sensitivity of the information it maintains. (Photo: Shutterstock)

All insurers doing business in Virginia should be aware of a new law that went into effect on July 1, 2020. The Insurance Data Security Act (“Act”), imposes various monitoring, reporting and disclosure requirements relating to the personal information of insureds across the state.

Here is a look at the major points of the Act and the new requirements affecting insurers that do business with Virginians.

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