Terms Used In Louisiana Revised Statutes 22:2505

  • Cybersecurity event: means an event resulting in unauthorized access to or disruption or misuse of an information system or nonpublic information stored on an information system. See Louisiana Revised Statutes 22:2503
  • Licensee: means any person licensed, authorized to operate, or registered or required to be licensed, authorized, or registered pursuant to the insurance laws of this state. See Louisiana Revised Statutes 22:2503
  • Nonpublic information: means electronic information that is not publicly available information and is any of the following:

                (a) Any information concerning a consumer which because of name, number, personal mark, or other identifier can be used to identify a consumer, in combination with any one or more of the following data elements:

                (i) Social Security number. See Louisiana Revised Statutes 22:2503

  • Third-party service provider: means a person, not otherwise defined as a licensee, who contracts with a licensee to maintain, process, store, or otherwise have access to nonpublic information through its provision of services to the licensee. See Louisiana Revised Statutes 22:2503

            A. If a licensee learns that a cybersecurity event has or may have occurred, the licensee, or an outside vendor or service provider designated to act on behalf of the licensee, shall conduct a prompt investigation.

            B. During the investigation, the licensee, or an outside vendor or service provider designated to act on behalf of the licensee, shall do all of the following to the extent possible:

            (1) Determine whether a cybersecurity event has occurred.

            (2) Assess the nature and scope of the cybersecurity event.

            (3) Identify any nonpublic information that may have been involved in the cybersecurity event.

            (4) Undertake reasonable measures to restore the security of the information systems compromised in the cybersecurity event in order to prevent further unauthorized acquisition, release, or use of nonpublic information in the licensee’s possession, custody, or control.

            C. If a licensee learns that a cybersecurity event has or may have occurred in a system maintained by a third-party service provider, the licensee shall make reasonable efforts to complete the steps required pursuant to Subsection B of this Section or make reasonable efforts to confirm and document that the third-party service provider has completed those steps.

            D. The licensee shall maintain records concerning all cybersecurity events for a period of at least five years from the date of the cybersecurity event and shall produce those records upon demand of the commissioner.

            Acts 2020, No. 283, §1.