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NAIC Insurance Data Security Law Annual Certifications: Is Yours Due By February 15?

Data Matters

The National Association of Insurance Commissioners’ (NAIC) Insurance Data Security Model Law has been adopted in at least 11 states, with several others (including New York) having implemented either older or similar laws or administrative guidance. appeared first on Data Matters Privacy Blog. See MCL § 500.555(9).).

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SEC Announces Settled Charges Against First American for Cybersecurity Disclosure Controls Failures – Lessons Learned

Data Matters

On June 15, 2021, the SEC announced settled charges against First American Title Insurance Company (First American) for disclosure controls and procedures violations related to a cybersecurity vulnerability that exposed sensitive customer information. This resolution highlights the SEC’s continued focus on cybersecurity. 20, 2017).

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U.S. Banking Agencies Signal Closer Review of Cryptocurrency Activities

Data Matters

On November 23, 2021, the Office of the Comptroller of the Currency ( OCC ) published Interpretative Letter No. The Letter specifically highlights that there may be different legal and compliance obligations for stablecoin activities depending on how the particular stablecoin is structured, noting that “certain stablecoins may be securities.”

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SEC Chair: Sweeping New Cybersecurity Rules Are Coming Soon

Data Matters

The impending emphasis on supply chain risk is not a surprise, however, in light of the SEC’s numerous information requests in 2021 connected to the Solar Winds vulnerability. He also signaled the SEC’s continued focus on enforcement and cooperation with other law enforcement agencies. Best Practices for Public Companies.

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2019 National Meeting (Summer Meeting) in New York City from August 3 to 6, 2019. The amended regulation took effect on August 1, 2019, for annuity products and will become effective on February 1, 2020, for life insurance products.

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CCPA Marches On: California Attorney General Proposes Further Revisions to CCPA Regulations, Industry Pleads for Enforcement Delay Amid COVID-19 Crisis

Data Matters

On March 11, 2020, the California Attorney General (“AG”) released the third turn of proposed California Consumer Privacy Act (“CCPA”) regulations. Accordingly, businesses are left to push forward implementation as many compliance offices are working from home and managing extraordinary needs in light of the COVID-19 crisis.

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Regulatory Update: NAIC Spring 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Spring 2019 National Meeting (Spring Meeting) in Orlando, Florida, from April 6 to 9, 2019. ceding insurer could be eligible for the same reduced collateral requirements that would apply to qualifying EU reinsurers under the revised CFR Model Laws.