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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. NAIC Evaluating Definition of “Best Interest” to Determine Whether to Impose Such a Standard in the Suitability in Annuity Transactions Model Regulation.

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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

For example, the number of breaches of unsecured electronic Personal Health Information (“ePHI”) reported to the OCR affecting 500 or more individuals due to hacking or IT incidents increased 45% from 2019 to 2020. R-LA) introduced the Health Data Use and Privacy Commission Act (“Act”) on February 10, 2022. 45 CFR 164.308(a)(5)(i).

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Cloud, Intelligent Content Services, and Digital Fragility: What’s on the RIM Horizon for 2020

ARMA International

Highlights of the Forrester Research and ARMA International Records Management Online Survey, Q4 2019. 2019 marks ten years since ARMA International and Forrester Research first surveyed records and information management (RIM) decision-makers to understand the key trends and challenges facing the profession.

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New York’s Breach Law Amendments and New Security Requirements

Data Protection Report

Although California has recently captured the lion’s share of attention with respect to privacy and security, on October 23, 2019, New York’s amended security breach law goes into effect, and on March 1, 2020, new security safeguards go live (N.Y. Readers may recall that New York’s security breach notification law (N.Y.

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Regulatory Update: NAIC Summer 2018 National Meeting

Data Matters

The Group Capital Calculation (E) Working Group continued its development of a group capital calculation (GCC) as an analytical tool for regulators to evaluate the financial condition of an insurance group. The ASWG also began discussing comments to the definition of “material conflict of interest.”

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Data Protection and the Draft EU-UK Withdrawal Agreement: Ten Initial Conclusions

HL Chronicle of Data Protection

Assuming that the withdrawal agreement is passed (which is a big assumption – see conclusion eight below), then the transition period is initially expected to run from 29 March 2019 until 31 December 2020. Definition of Union law. Contingency planning. Prospects of a finding of adequacy.

GDPR 40
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Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

The GCC uses a risk-based capital (RBC) aggregation approach intended to act as an additional group supervisory tool for regulators, in conjunction with the Form F Enterprise Risk Report, Own Risk and Solvency Assessment (ORSA) report, and the Corporate Governance Annual Disclosure. Revisions to SSAP No.