Kentucky Joins Nearly 30 States by Enacting an Insurance Data Security Law

By Elise Elam on April 28, 2022 Posted in Data Security

Kentucky became the latest state to adopt the NAIC insurance data security model law with Governor Andy Beshear’s signing of House Bill 474. The new law goes into effect Jan. 1, 2023, and gives covered licensees one or two years for implementation, depending on the specific provision. Like many other states, Kentucky enacted the law … Continue Reading

Insurance Data Security Model Law Picks Up Steam

By Andreas Kaltsounis and BakerHostetler on February 6, 2019 Posted in Cybersecurity, State Legislation

Three states recently enacted variations of the National Association of Insurance Commissioner’s (NAIC) Insurance Data Security Model Law (MDL-668), based on the landmark cybersecurity requirements issued by the New York Department of Financial Services (NYDFS) in March 2017. The NYDFS requirements apply to certain banking, insurance and financial service entities licensed in the state of … Continue Reading

NAIC Adopts Cybersecurity Bill of Rights

By F. Paul Pittman on November 3, 2015 Posted in Cybersecurity

The National Association of Insurance Commissioners (“NAIC”) continued its efforts to advance cybersecurity in the insurance industry when it recently adopted the Cybersecurity Bill of Rights. The Cybersecurity Bill of Rights provides a set of directives for insurance companies to follow that are aimed at protecting the data of consumers. The Cybersecurity Bill of Rights … Continue Reading