SB2088 ND passed

Implementation dates for certain data security requirements for insurance producers.

privacy

Plain-English summary

1. **ONE-SENTENCE SUMMARY:** This bill updates data security requirements for insurance producers in North Dakota.

2. **KEY REQUIREMENTS:**
   - Implement data security measures to protect customer information.
   - Regularly assess and update security practices.
   - Train employees on data security protocols.

3. **DEADLINES:**
   - The bill is effective immediately upon passage.

4. **PENALTIES:**
   - Non-compliance may result in fines or other enforcement actions by regulatory authorities.

5. **SMB IMPACT:** Small businesses in the insurance sector must enhance their data security practices to comply with the new requirements, which may involve additional training and resources. This could lead to increased operational costs but is essential for protecting customer data and avoiding penalties.

Source description

AN ACT to amend and reenact subsection 4 of section 26.1-02.2-01, sections 26.1-02.2-05 and 26.1-02.2-07, and subsection 1 of section 26.1-02.2-08 of the North Dakota Century Code, relating to data security requirements for insurance producers; and to repeal section 26.1-02.2-11 of the North Dakota Century Code, relating to implementation dates for certain data security requirements for insurance producers.

Not legal advice. Summaries are generated by AI from publicly available bill text and may contain errors or omissions. Always consult counsel before making compliance decisions.