From: The National Law Review
Rahul Kapoor, Valerie A. Gross | Morgan, Lewis & Bockius LLP
On October 24, 2017, during a joint meeting of the National Association of Insurance Commissioners (NAIC) Executive (EX) Committee and Plenary, the NAIC officially adopted the Insurance Data Security Model Law (Model Law) to establish standards for data security and the investigation of and notification requirements following a cybersecurity event.
Previously, the Model Law had advanced through the NAIC Innovation and Technology Task Force and the Cybersecurity Working Group during the NAIC’s 2017 Summer National Meeting on August 7.
Summary
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