X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Christopher Brubaker of Clark Hill. Christopher Brubaker of Clark Hill.

On Oct. 24, the National Association of Insurance Commissioners (NAIC) formally approved the Insurance Data Security Model Law (model law). The NAIC is a standard setting and regulatory support organization consisting of the top insurance regulators from the 50 states, District of Columbia, and five U.S. territories. The model law applies to “licensees” which are defined as persons and nongovernmental business entities subject to the insurance laws of the state adopting the model law. In Pennsylvania, for example, this would encompass insurance companies and insurance producers (i.e., agents, agencies and brokers). Notably, this applies to nonresident licensees except for purchasing groups, risk retention groups or when acting as assuming insurer. For example, a broker resident in a state that has not adopted the model law, is potentially subject to the model law if they are also licensed in another state that has adopted the model law. Thus, it will be important to track what states enact the model law and also how uniformly the model law is enacted state to state.

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 

Pennsylvania Commercial LitigationBook

A clear, concise overview of commercial litigation in PA that will guide you through every stage of a commercial dispute. Also included are forms covering pleadings, dis...

Get More Information
 

Women, Influence & Power in Law (WIPL) 2020Event

WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues.

Get More Information
 

Women, Influence & Power in Law (WIPL.UK)Event

Women, Influence & Power in Law UK (WIPL.UK) offers an opportunity for unprecedented exchange with senior female in-house lawyers.

Get More Information
 

General Counsel Summit (GCS) 2020Event

General Counsel Summit is the premier event for in-house counsel, hosting esteemed legal minds from all sectors of the economy.

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.