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ARTICLE · 11 APRIL 2024

US NAIC Spring 2024 National Meeting Highlights: Cybersecurity (H) Working Group

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The US National Association of Insurance Commissioners ("NAIC") held its Spring 2024 National Meeting, during which the Cybersecurity (H) Working Group (the "Working Group")...

United StatesTechnology
Lawrence Hamilton
Lawrence Hamilton
Vikram Sidhu
Vikram Sidhu
Jared Wilner
Jared Wilner
Yuliya Feldman
Yuliya Feldman
Juliana G. Toes
Juliana G. Toes
Justin Herring
Justin Herring
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The US National Association of Insurance Commissioners ("NAIC") held its Spring 2024 National Meeting, during which the Cybersecurity (H) Working Group (the "Working Group") adopted the Cybersecurity Event Response Plan ("CERP"), which is based on the NAIC Insurance Data Security Model Law (MDL-668), specifically the process detailed in Section 6, "Notification of a Cybersecurity Event."

The CERP serves as voluntary guidance for state departments of insurance ("DOIs") to effectively manage and respond to cyber events reported by regulated insurance entities. The CERP outlines several critical steps and considerations for DOIs in the wake of a cyber event:

  • Initial Engagement: Upon receiving notification of a cyber event, the DOI is expected to promptly engage with the affected licensee. This initial contact is crucial for establishing communication channels and setting the stage for effective collaboration throughout the incident response process.

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