The Minnesota Legislature is currently considering a new Insurance Data Security Law, based on the NAIC Model Law. Legislators introduced HF 3842 during their 2019-2020 session. If adopted, the regulation will replace Minnesota Statute 60A.981.
Please note that this is PROPOSED legislation. This announcement merely serves to alert licensees doing business in Minnesota about the potential for additional regulatory compliance obligations.
Click here to read a draft of the proposed legislation.