NAIC Report - 2022 Summer National Meeting

Innovation, Cybersecurity, and Technology (H) Committee Adopts Request for Modernized Privacy Protections Model Law; Receives Working Group Reports -

The Innovation, Cybersecurity, and Technology (H) Committee met on August 10, 2022, where the committee adopted the Privacy Protections (H) Working Group request for model law development to replace two existing model laws – the Insurance Information and Privacy Protection Model Act (#670) and Privacy of Customer Financial and Health Information Regulation (#672). The request notes that the current model laws “were adopted several decades ago [and that] a new model law is necessary to enhance the consumer protections and the corresponding obligations of entities licensed by the insurance department to reflect the extensive innovations that have been made in communications and technology over these decades.” A draft of the new model law is expected to be exposed for comment in late 2022 or early 2023.

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