ARTICLE · 15 AUGUST 2017

NAIC Cybersecurity Working Group Votes to Approve Insurance Data Security Model Law

Carlton Fields

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The National Association of Insurance Commissioners (NAIC) Cybersecurity (EX) Working Group (Cybersecurity WG) approved Version 6 (Finalized) of its Insurance Data Security Model Law (Model) on August 7 at the NAIC Summer 2017 National Meeting in Philadelphia.

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Josephine Cicchetti

Barry Leigh Weissman

The National Association of Insurance Commissioners (NAIC) Cybersecurity (EX) Working Group (Cybersecurity WG) approved Version 6 (Finalized) of its Insurance Data Security Model Law (Model) on August 7 at the NAIC Summer 2017 National Meeting in Philadelphia. The following day the Model was approved by the Innovation and Technology Task Force. Next, it will be considered by the NAIC Executive Committee, and if approved, sent to the Joint Meeting of the Executive Committee and Plenary for vote by all NAIC Members.

Version 6 of the Model incorporates significant changes from the first version released on March 2, 2016, including the narrowed purpose of establishing "standards for data security and standards for the investigation of and notification to the Commissioner of a Cybersecurity Event applicable to Licensees..." The Model applies to all Licensees, defined as individuals or non-governmental entities required to be authorized, registered, or licensed pursuant to

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