Missouri's Governor approved House Bill 974, known as 'The Insurance Data Security Act.' This law establishes specific standards for insurers and licensed entities concerning data security, breach investigations, and notification procedures. It will come into effect on January 1, 2026. The legislation outlines ten essential points that insurers must comprehend to ensure compliance. The act signifies Missouri's role in a broader national trend aimed at improving data security in the insurance sector, connecting it with similar laws enacted in other states.
Missouri's House Bill 974, known as 'The Insurance Data Security Act,' mandates insurers and licensed entities to adopt specific standards for data security and breach notifications.
Effective January 1, 2026, the act outlines protocols for breach investigations and notification, emphasizing the importance of security in the insurance industry.
This legislation aligns with a broader trend among states to enhance data security measures in the insurance sector, contributing to a national framework for safeguarding sensitive information.
Insurers and licensed entities must familiarize themselves with the ten key requirements of the new law to ensure compliance and protect customer data.
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