From: Business Insurance
Gloria Gonzalez
The National Association of Insurance Commissioners adopted the Insurance Data Security Model Law during a joint meeting of the Executive Committee and Plenary on Tuesday.
The model law creates rules for insurers, agents and other licensed entities covering data security, investigation and notification of breach, including maintaining an information security program based on ongoing risk assessment, overseeing third-party service providers, investigating data breaches and notifying regulators of a cyber security event, according to a statement issued by the association on Tuesday.
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