South Carolina Insurance Data Security Act – Here’s What You Need To Know
May 16,2019
On May 3, 2018 South Carolina Governor Henry McMaster signed into law the South Carolina Insurance Data Security Act (“The Act”) which went into effect on January 1, 2019.  South Carolina is the first state in the nation to pass this important and timely legislation which is modeled after the NAIC Insurance Data Security Model Law. The Act is set in place to establish standards for data security, standards for investigation and standards for communications to the South Carolina Department of Insurance and to the Licensee affected by a cybersecurity event. According to the South Carolina Department of Insurance, a cybersecurity event is an event resulting in unauthorized access to, disruption or misuse of, an information system or information stored within an information system. The law was put into place to protect the data that businesses are collecting and holding. Businesses affected by the Act must certify compliance with the...

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