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Regulatory Update: NAIC Summer 2022 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2022 National Meeting (Summer Meeting) August 9–13, 2022. The Privacy Working Group expects to expose an initial draft of the white paper in advance of the Fall 2022 Meeting. 1. NAIC to Develop New Privacy Model Law. 26R — Bonds (SSAP No.

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Vermont Enacts Insurance Data Security Law

Hunton Privacy

On May 27, 2022, Vermont Governor Phil Scott signed H.515 515 , making Vermont the twenty-first state to enact legislation based on the National Association of Insurance Commissioners Insurance Data Security Model Law (“MDL-668”). Information Security Program Requirements.

Insurance 107
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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. The changes are effective December 31, 2021.

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Autonomous Vehicles – Canada’s Current Legal Framework: Privacy (Part 4)

Data Protection Report

In this post, we will describe some of the risks introduced by personal information collection, and some of the legal obligations of vehicle manufacturers in protecting their customers’ privacy. The meaning of “high-impact” is still not clear and it is anticipated that the definition of “high-impact” will be provided in further regulation.

Privacy 85
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Developments in Health Privacy and Cybersecurity Policy and Regulation: OCR Issues Cybersecurity Warnings and New Health Data Legislation Is Introduced

Data Matters

On March 17, 2022, the U.S. Department of Health and Human Service’s Office for Civil Rights (“OCR”) issued industry guidance for Health Insurance Portability and Accountability Act (“HIPAA”) regulated entities to take preventative steps to protect against some of the more common, and often successful, cyber-attack techniques.

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Utah Becomes Fourth U.S. State to Enact Consumer Privacy Law

Hunton Privacy

On March 24, 2022, Utah became the fourth state in the U.S., Notably, the UCPA adopts the VCDPA’s more narrow definition of “sale,” which is limited to the exchange of personal data for monetary consideration by a controller to a third party. In line with existing U.S. The law will be enforced by the Utah Attorney General.

Privacy 113
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DORA: 1 year to go! Key recommendations for Financial Services to improve cybersecurity and resilience in multi-clouds

Thales Cloud Protection & Licensing

This new regulation ( EU 2022/2554 ) requires financial entities, and their critical Information and Communication Technology (ICT) suppliers, to implement contractual, organisational and technical measures to improve the level of digital operational resilience of the sector. What is the scope of DORA?