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SCDOI Issues Bulletin regarding SC Ins Data Security Act

The South Carolina Department of Insurance has issued Bulletin # 2018-02 regarding the implementation of the recently passed South Carolina Insurance Data Security Act (Act 171, H.4655). The Bulletin specifies the licensees of the DOI that are subject to the Act’s requirements, as well as exceptions, and provides an outline of the statutory provisions and effective dates contained in the Act. Please note that the Bulletin indicates that there will be subsequent bulletins and training to provide insurers and agents with guidance on implementation and compliance.

The DOI is working with the National Association of Insurance Commissioners to ensure consistency among states, and has begun preparing guidance, including the process for reporting cybersecurity events.

 

Above information provided by the SC Alliance of Health Plans.