Iowa Code 507F.11 – Cybersecurity event — producers of record
Current as of: 2024 | Check for updates
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Terms Used In Iowa Code 507F.11
- Contract: A legal written agreement that becomes binding when signed.
507F.11 Cybersecurity event — producers of record.
If a cybersecurity event involves nonpublic information that is in the possession, custody, or control of a licensee that is an insurer, or in the possession, custody, or control of the insurer’s third-party service provider, and for which a consumer accessed the insurer’s services through an independent insurance producer, the insurer shall notify the insurance producer of record of each consumer affected by the cybersecurity event no later than the date on which notice is provided to affected consumers pursuant to § 507F.7. An insurer shall not be required to notify an insurance producer that is not authorized by law or contract to sell, solicit, or negotiate on behalf of the insurer, or in a circumstance in which the insurer does not have current contact information for the producer of record for a specific affected consumer.
2021 Acts, ch 79, §11, 17
If a cybersecurity event involves nonpublic information that is in the possession, custody, or control of a licensee that is an insurer, or in the possession, custody, or control of the insurer’s third-party service provider, and for which a consumer accessed the insurer’s services through an independent insurance producer, the insurer shall notify the insurance producer of record of each consumer affected by the cybersecurity event no later than the date on which notice is provided to affected consumers pursuant to § 507F.7. An insurer shall not be required to notify an insurance producer that is not authorized by law or contract to sell, solicit, or negotiate on behalf of the insurer, or in a circumstance in which the insurer does not have current contact information for the producer of record for a specific affected consumer.
2021 Acts, ch 79, §11, 17