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Committee amends data-security law to require producers and licensees to report cyber incidents; bill sent to floor
Summary
The committee approved Senate Bill 2088, amending North Dakota's insurance data-security law to tighten reporting requirements for licensees (including producers) and to align with state breach-notification code; the bill drew industry input and a unanimous-to-near-unanimous committee vote with one recorded no vote.
The House Industry, Business and Labor Committee voted to recommend Senate Bill 2088, which tightens data-security reporting for insurance licensees and clarifies the department's examination and reporting authorities.
"To fulfill the department's mission of serving the needs of the insurance consumers in North Dakota, we believe Senate Bill 20 Senate Bill 2,088 strengthens our role as a consumer protection agency," Matt Fisher, division director of company licensing and examinations for the North Dakota Insurance Department, told the committee. Fisher said the measure would remove several carve-outs that have led to inconsistent reporting and would tie the reporting trigger to North Dakota Century Code 51-30 (the state's general cybersecurity/breach-notification statute).
The bill removes language that allowed licensees to avoid reporting…
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