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NAIC Privacy Draft Model Gets Its Balloon Burst
September 30, 2024

After years of development work, the National Association of Insurance Commissioners’ Privacy Protections Working Group’s efforts are again caught in a windstorm.

The working group began its efforts at creating a new privacy model over five years ago. Its efforts culminated with a draft privacy model, Insurance Consumer Privacy Protection Model Law (#674), on February 6, 2023. The draft, however, has faced strong headwinds and underwent stormy revisions. A June 12, 2024, vote appears to have burst the draft model’s balloon for good, and the working group is now back to flying its kite from existing Model #672. Blustery conditions will likely continue.
Authored By
Image: Patricia M. Carreiro
Patricia M. Carreiro
Related Practices
Financial Services Regulatory Cybersecurity and Privacy
Related Industries
Life, Annuity, and Retirement Solutions
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