Maine and North Dakota Are Latest States to Adopt the NAIC Data Security Model Law
Deborah George of Robinon + Cole writes:
Two more state governors, those of Maine and North Dakota, have signed bills into law that adopt the National Association of Insurance Commissioners (NAIC) data security model law (Model Law). Maine and North Dakota join several other states that have already passed similar laws. Hawaii, Idaho, Illinois, Iowa, Minnesota, Rhode Island, and Wisconsin have similar bills pending.
What is the NAIC Model Law and to Whom Does it Apply?
According to the NAIC, the Model Law “seeks to establish standards for regulators and insurers in order to mitigate the potential damage of a data breach. The law applies to insurers, insurance agents and other entities licensed by the state department of insurance.”
Read more on The National Law Review.