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Established in 2017, the NAIC adopted its insurance data security model law to put in place data security standards for regulators and insurers to mitigate damage from a data breach. Several states have adopted versions of the model law, including Alabama, Connecticut, Delaware, Indiana, Louisiana, Michigan, Mississippi, New Hampshire, Ohio, South Carolina, and Virginia. (Credit: phonlamaiphoto/stock.adobe.com) Established in 2017, the NAIC adopted its insurance data security model law to put in place standards for regulators and insurers to mitigate damage from a data breach. Several states have adopted versions of the model law, including Alabama, Connecticut, Delaware, Indiana, Louisiana, Michigan, Mississippi, New Hampshire, Ohio, South Carolina, and Virginia. (Credit: phonlamaiphoto/stock.adobe.com)

A version of the model data security law developed by The National Association of Insurance Commissioners (NAIC) has been adopted in Maine following the passage of the Maine Insurance Data Security Act.

The law depicts standards for insurers licensed in the state, requiring them to develop, implement, and maintain a written information security program that aligns with the size and complexity of their business based on a risk assessment. The risk assessments are required to be conducted annually to assess the effectiveness of cybersecurity controls, information systems and other safeguards to manage threats.

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