Among the requirements for South Carolina insurers and agents is maintenance of “an information security program based on ongoing risk assessment.” (Image: Shutterstock)

As of January 1 of next year, insurance entities operating in the state of South Carolina will be obliged to establish and implement a cybersecurity program protecting their business and their customers from a data breach.

Insurance Journal reports that the state has become the first to enact such a measure, which means that there’s no guarantee of uniformity if other states begin to pass laws on cybersecurity—although the new law is the “model law” that was drafted by the National Association of Insurance Commissioner’s Cybersecurity Working Group. Raymond G. Farmer, South Carolina’s insurance director, chaired the working group.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

More from this author

Dig Deeper

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.