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Data Privacy Insurance Industry NAIC

Faegre Drinker Biddle & Reath LLP

NAIC’s Draft Revisions to Protect Consumer Privacy in Model Law 672

The National Association of Insurance Commissioners’ (NAIC) Privacy Protections (H) Working Group (the “Working Group”) has continued its charge to draft a new or revised model law aimed at standardizing privacy protections...more

Locke Lord LLP

NAIC Privacy Protections Working Group Takes First Step on Its New Path ‎Forward

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The Privacy Protections (H) Working Group of the National Association of Insurance Commissioners (“NAIC”) met on Wednesday June 12, 2024, to consider which proposed path forward to pursue as it considers a new NAIC privacy...more

Locke Lord LLP

NAIC Privacy Protections Working Group’s Path Forward

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On May 15, 2024, the Privacy Protections (H) Working Group of the National Association of Insurance Commissioners (“NAIC”) held its first meeting since the Spring National Meeting in March. The working group seeks public...more

Carlton Fields

Racing Ahead: Privacy, Cybersecurity, and AI Heats for the Life Insurance Industry

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Drivers, start your engines. It has been months of high speed for privacy, cybersecurity, and artificial intelligence....more

McGuireWoods LLP

Navigating Cybersecurity and Data Privacy Regulations in the Insurance Industry

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For over 100 years, the National Association of Insurance Commissioners (NAIC) has been developing model legislation to encourage uniformity among states for the regulation of insurance products. The NAIC model laws and...more

Faegre Drinker Biddle & Reath LLP

Insurance Industry: Mid-2023 Privacy and Data Security Updates

The first half of 2023 saw a flurry of activity in the privacy and data security spaces. We outline below some of the key developments of interest to the insurance industry....more

Eversheds Sutherland (US) LLP

NAIC Report - 2023 Summer National Meeting

The National Association of Insurance Commissioners (NAIC) held its 2023 Summer National Meeting from August 12 to 16 in Seattle, Washington. As has become the norm, a number of relevant NAIC working groups and task forces...more

Locke Lord LLP

NAIC’s Work on Privacy Model Grinds On

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The NAIC’s Privacy Protections (H) Working Group met over the weekend as part of the NAIC’s Summer National Meeting. The working group announced that later in the year it will seek an extension on its efforts to create a...more

Faegre Drinker Biddle & Reath LLP

NAIC Privacy Protections Working Group Meets to Discuss New Model Privacy Law

On June 5-6, 2023, the NAIC Privacy Protections (H) Working Group (“PPWG”) held an in-person interim meeting (“session”) to continue its work on drafting a new model privacy law, the Insurance Consumer Privacy Protection...more

Locke Lord LLP

NAIC Picking Up Steam as it Drafts New Privacy Model

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Since the NAIC Spring National Meeting in late March, the Privacy Protections (H) Working Group has continued its work to draft a new unitary privacy model. Over April, the Working Group met one-on-one with industry and...more

Eversheds Sutherland (US) LLP

NAIC Report - 2023 Spring National Meeting

The National Association of Insurance Commissioners (NAIC) held its 2023 Spring National Meeting March 21-25 in Louisville, Kentucky. The agenda for this National Meeting was limited, with a number of NAIC working groups...more

Carlton Fields

March Madness Begins: NAIC’s New Draft Privacy Model

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The first round on the Insurance Consumer Privacy Protection Model Law (#674) started on March 21 as the NAIC’s Privacy Protections Working Group (PPWG) held its first open meeting to discuss the draft privacy model. The...more

Locke Lord LLP

NAIC Privacy Protections Working Group Moves Forward to Revise Consumer Privacy ‎‎Protections Model Act

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The NAIC is developing a new Consumer Privacy Protections Model Act (# 674) which will ‎replace the preexisting Insurance Information & Privacy Protection Model Act (# 670) and ‎Privacy of Consumer Financial & Health...more

Husch Blackwell LLP

New NAIC Privacy Model Law Would Significantly Impact Insurer Compliance Requirements

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The National Association of Insurance Commissioners (NAIC) Privacy Protection Working Group (PPWG) released Insurance Consumer Privacy Protection Model Law #674 (Model 674) on February 1, 2023. New Model 674 was expressly...more

Carlton Fields

A New Draft Privacy Model Blooms From the NAIC Privacy Working Group

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On February 1, the NAIC’s Privacy Working Group’s new privacy model germinated. After months of development, the exposure draft, titled “Insurance Consumer Privacy Protection Model Law #674” (Proposed Model), has finally...more

Eversheds Sutherland (US) LLP

NAIC Report - 2022 Summer National Meeting

Innovation, Cybersecurity, and Technology (H) Committee Adopts Request for Modernized Privacy Protections Model Law; Receives Working Group Reports - The Innovation, Cybersecurity, and Technology (H) Committee met on...more

Carlton Fields

When Congress Freezes Up, the NAIC’s Privacy Protections Working Group Lights a Fire

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On November 18, calling frozen federal legislative efforts “an opportunity” for state insurance regulators to “update state privacy protections … and potentially forestall or mitigate the impacts of any preemptive federal...more

Faegre Drinker Biddle & Reath LLP

NAIC Insurance Data Security Model Law (MDL-668) Update

The NAIC Data Security Model Law (Model 668) continues its journey through the various state legislatures. Whether all 50 states meet the U.S. Treasury-recommended 2022 deadline for adoption of uniform data security...more

Akin Gump Strauss Hauer & Feld LLP

Two More States Adopt NAIC Model Data Security Law

The National Association of Insurance Commissioner (NAIC)’s model data security law (“Model Law”) was recently adopted by Maine and North Dakota. This addition brings the total number to states that have joined the NAIC...more

Akin Gump Strauss Hauer & Feld LLP

Additional States Adopt Cybersecurity Requirements for Insurance Companies

Since July 1, 2019, Delaware, New Hampshire and Connecticut have enacted laws imposing new cybersecurity requirements on insurers. These laws follow similar statutes already operating in at least six other states: Alabama,...more

Locke Lord LLP

New Hampshire Takes the NAIC Plunge

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On August 2, 2019, New Hampshire became the most recent of many states that adopted an Insurance Data Security Law (Senate Bill 194-FN) modeled after the National Association of Insurance Commissioners’ (NAIC) Insurance Data...more

Alston & Bird

New York, Model Cybersecurity Law Influence Other States

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In March 2017, New York’s path breaking cybersecurity law for financial services companies went into effect. Influenced by the New York law (“New York Part 500”), the National Association of Insurance Commissioners adopted an...more

Amundsen Davis LLC

Insurance Companies Take Note: Another Compliance Concern For Your Cybersecurity “To Do” List

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If you are an insurance provider, you are already awash in regulatory quagmires. Now, you can add one more. In fact, if you don’t have a comprehensive data privacy and security plan in place, then you may not be in compliance...more

Locke Lord LLP

South Carolina Department Clarifies Confusing Change in Its New Insurance Data Security Act

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As reported on Locke Lord’s InsureReinsure blog, the NAIC adopted a model law for the protection of the data and systems used by the insurance industry, and South Carolina became the first state to enact legislation based on...more

Locke Lord LLP

A Closer Look at the NAIC Insurance Data Security Model Law

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Following New York’s lead after the Department of Financial Services (the NYDFS) promulgated its Cybersecurity Regulation, in October 2017 the NAIC adopted its Insurance Data Security Model Law (the NAIC Model) to establish...more

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