Insurance Data Security Legislation Passes the House
This afternoon,
House Bill 6491, to create an insurance data security law, passed the House of Representatives by a 103 to 6 vote. The bill is an improved version of the model law proposed by the National Association of Insurance Commissioners (NAIC). MAIA worked with the bill sponsor, Rep. Lana Theis, over the past eight months to have agent-friendly amendments included in the bill that passed this afternoon. One of the most important changes is an expansion of the exemption from the model act for small licensees, which would cover a majority of MAIA members
MAIA supports the legislation as passed by the House. The Chairman of the Senate Insurance Committee, Senator Joe Hune, commented in committee yesterday that there was a possibility that Senate Insurance may meet next week. Your MAIA team will continue to track this issue in the week ahead.
Stay tuned for more legislative updates during the lame duck session.
