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2017 NAIC Insurance Data Security Model Law: New Reporting Rules Following a Cybersecurity Breach

Recording of a 90-minute CLE webinar with Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Conducted on Thursday, March 29, 2018

Recorded event now available

or call 1-800-926-7926

This CLE course will provide counsel for insurers with a comprehensive review of the new National Association of Insurance Commissioners (NAIC) model law. The panel will arm practitioners with critical guidance to navigate the stringent requirements for insurers, agents and other licensed entities covering data security, investigation and post-breach notification.

Description

On Oct. 27, 2017, the NAIC officially adopted the Insurance Data Security Model Law to establish standards for data security and the investigation and notification requirements following a cybersecurity event.

The NAIC Model Law includes some of the most comprehensive and stringent data breach notification requirements of any in the industry. For example, the new rules require an insurer to notify not only the state insurance commissioner, but also law enforcement, payment card networks, the individual consumers, and credit reporting agencies if the breach impacts more than 1,000 consumers.

Once adopted by the states, the Model Law is expected to bring more uniform and predictable handling of data security breaches among insurers and other regulated entities from state to state. Counsel for insurers must be aware of best practices and pitfalls to avoid when advising clients across multiple jurisdictions.

Listen as our authoritative panel provides critical insight on how this new law is expected to impact insurers, policyholders and consumers, and how to best prepare clients for the transition.

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Outline

  1. An overview of the Insurance Data Security Model Law
  2. Guidance for counsel of insurers
  3. Impact of new rules on policyholders and consumers

Benefits

The panel will review these and other key issues:

  • New reporting requirements for insurers
  • Obligations of policyholders
  • Coordinating response to maximize compliance and minimize impact

Faculty

Perkins, Linda
Linda D. Perkins

Counsel
White & Williams

Ms. Perkins’ practice includes cybersecurity and privacy law, complex civil litigation, internal corporate...  |  Read More

Wilson-Bilik, Mary Jane
Mary Jane Wilson-Bilik

Partner
Eversheds Sutherland (US)

For more than 20 years, Ms. Wilson-Bilik has helped her insurance company clients comply with the fast-changing...  |  Read More

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