1st State. Data Insurance Law. Regulator Initiated. Your shortcut to being informed:

South Carolina’s  H4655 (2018 | SC) will:

• require insurers to establish “strong and aggressive” program to protect companies from a data breach
• require insurers to establish “strong and aggressive” program to protect consumers from a data breach
• what does it cover?  
  • rules for insurers, agents and other licensed entities covering data security
  • investigation and notification of breach
  • maintaining an information security program based on ongoing risk assessment
  • overseeing third-party service providers
  • investigating data breaches
  • notifying regulators of a cyber security event

How did this bill begin?

• South Carolina Insurance Director Raymond G. Farmer chaired the  National Association of Insurance Commissioners’ Cybersecurity (EX) Working Group that drafted the bill

Business Insurance | S.C. governor signs insurer cyber security into law