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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. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. Annuity Suitability Working Group Drafting FAQ Document to Facilitate Uniformity in State Adoption of Revised Suitability in Annuity Transactions Model Regulation.

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GDPR is upon us: are you ready for what comes next?

Data Protection Report

The wait is finally over—this Friday the European Union General Data Protection Regulation (GDPR) will come into force. If you missed our previous blog articles, the European Commission released a new website with extensive guidance on GDPR implementation, together with a Fact Sheet containing Q&As on the GDPR.

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GDPR – The Year in Review

HL Chronicle of Data Protection

For example, where cookies are used to collect information which constitutes personal data, while Article 6 GDPR provides several different lawful grounds for processing, Article 5(3) ePD requires consent to be obtained from individuals before cookies are placed on their devices. More details in this blog post. More details in this blog post.

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Regulatory Update: NAIC Fall 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. NAIC Advances Accreditation Standard Process for Revised Credit for Reinsurance Model Law and Regulation, and Term and Universal Life Insurance Reserve Financing Model Regulation.

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Regulatory Update: NAIC Fall 2019 National Meeting

Data Matters

The National Association of Insurance Commissioners (the NAIC) held its Fall 2019 National Meeting (Fall Meeting) in Austin, Texas, from December 7 to 10, 2019. NAIC Advances Accreditation Standard Process for Revised Credit for Reinsurance Model Law and Regulation, and Term and Universal Life Insurance Reserve Financing Model Regulation.

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The debate on the Data Protection Bill in the House of Lords

Data Protector

Where the Information Commissioner gives notices to data controllers, she can now secure compliance, with the power to issue substantial administrative penalties of up to 4% of global turnover. How then will we secure adequacy without adhering to the charter? Where she finds criminality, she can prosecute.

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