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§ 33-104. Cybersecurity event

West's Annotated Code of MarylandInsuranceEffective: October 1, 2022

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 33 . Insurance Data Security (Refs & Annos)
Effective: October 1, 2022
MD Code, Insurance, § 33-104
§ 33-104. Cybersecurity event
Prompt investigation
(a) If a carrier learns that a cybersecurity event has or may have occurred, the carrier or an outside vendor or service provider designated to act on behalf of the carrier shall conduct a prompt investigation.
Steps of investigation
(b) During the investigation, the carrier or an outside vendor or service provider designated to act on behalf of the carrier, shall, at a minimum:
(1) determine as much of the following information as possible:
(i) whether a cybersecurity event has occurred;
(ii) the nature and scope of the cybersecurity event; and
(iii) identification of nonpublic information that may have been involved in the cybersecurity event; and
(2) perform or oversee reasonable measures to restore the security of the information systems compromised in the cybersecurity event to prevent further unauthorized acquisition, release, or use of nonpublic information in the carrier's possession, custody, or control.
Cybersecurity event occurring in system maintained by third-party service provider
(c) If a carrier learns that a cybersecurity event has or may have occurred in a system maintained by a third-party service provider, the carrier shall complete the steps listed in subsection (b) of this section or confirm and document that the third-party service provider has completed those steps.
Retention of records concerning cybersecurity events
(d) A carrier shall:
(1) maintain records concerning all cybersecurity events for a period of at least 5 years from the date of the cybersecurity event; and
(2) produce the records on demand of the Commissioner.

Credits

Added by Acts 2022, c. 231, § 1, eff. Oct. 1, 2022.
MD Code, Insurance, § 33-104, MD INSURANCE § 33-104
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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