Delaware Signs Insurance Data Security Act into Law

Joshua Mooney of White & Williams writes:

On July 31, 2019, Governor Carney signed the Delaware Insurance Data Security Act (formerly, HB 174) into law. Based on the National Association Of Insurance Commissioners (NAIC) Insurance Data Security Model Law, the Delaware law establishes a regulatory framework requiring insurers licensed to do business in Delaware to develop and implement a comprehensive data security (or cybersecurity) program. It also requires insurers to report instances of data breaches to the Delaware Insurance Commissioner and consumers, and it empowers the Department of Insurance to investigate violations of the Act and levy penalties against insurance carriers.

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