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NAIC Finalizes Guidance for Producers and Others on Cybersecurity

On April 16, the Cybersecurity (EX) Task Force of the National Association of Insurance Commissioners adopted the Principles for Effective Cybersecurity Insurance Regulatory Guidance...
April 27, 2015

On April 16, the Cybersecurity (EX) Task Force of the National Association of Insurance Commissioners (NAIC) adopted the Principles for Effective Cybersecurity Insurance Regulatory Guidance. The twelve principles adopted direct insurers, producers, and other regulated entities to join forces in identifying risks and adopting practical solutions to protect information entrusted to them. The guiding principles are intended to establish insurance regulatory guidance that promotes coordination and protect insurance consumers. PIA participated in the development of the guidance, offering both written and oral comments.

What It Means to Agents: Agencies must take reasonable steps to ensure that any sensitive data that is collected, stored, or transferred by the agency is adequately safeguarded.

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