SB160: Bill Text

SB160,15,11 1. The date and source of the cybersecurity event and the time period during which information systems were compromised by the cybersecurity event.

SB160,15,12 2. A description of how the cybersecurity event was discovered.

SB160,15,15 3. A description of how the nonpublic information was exposed, lost, stolen, or breached and an explanation of how the information has been, or is in the process of being, recovered.

SB160,15,18 4. A description of the specific data elements, including types of medical, financial, and personally identifiable information, that were acquired without authorization.

SB160,15,19 5. The number of consumers affected by the cybersecurity event.

SB160,15,21 6. A description of efforts to address the circumstances that allowed the cybersecurity event to occur.

SB160,15,23 7. The results of any internal review related to the cybersecurity event, including the identification of a lapse in automated controls or internal procedures.

SB160,16,3 8. Whether the licensee notified a government body, self-regulatory agency, or other supervisory entity of the cybersecurity event and, if applicable, the date the notification was provided.

SB160,16,6 9. A copy of the licensee's privacy policy and a statement outlining the steps the licensee will take, or has taken, to investigate and notify consumers affected by the cybersecurity event.

SB160,16,8 10. The name of a contact person who is familiar with the cybersecurity event and authorized to act for the licensee.

SB160,16,11 (c) The licensee shall update and supplement the information provided under par. (b) to address material changes to the information as additional information becomes available to the licensee.

SB160,16,21 (2) Notice to consumers and producers of record. A licensee required to notify the commissioner under sub. (1) shall comply with s. 134.98, if applicable, and provide to the commissioner a copy of any notice sent under s. 134.98 (2). If the licensee is an insurer whose services are accessed by consumers through an independent insurance producer, the licensee shall notify the producer of record of any consumers affected by the cybersecurity event no later than the date at which notice is provided under s. 134.98, except that notice is not required to a producer of record who is not authorized by law or contract to sell, solicit, or negotiate on behalf of the licensee or if the licensee does not have the current producer of record information for a consumer.

SB160,17,3 (3) Third-party service providers. If the licensee has knowledge of a cybersecurity event involving an information system maintained by a 3rd-party service provider, the licensee shall provide notice to the commissioner no later than 3 days after the earlier of the date the 3rd-party service provider notifies the licensee of the cybersecurity event or the licensee has actual knowledge of the cybersecurity event. The licensee is not required to comply with this subsection if the 3rd-party service provider provides notice under sub. (1).

SB160,17,14 (4) Reinsurers. In the event of a cybersecurity event involving nonpublic information, or involving an information system maintained by a 3rd-party service provider, a licensee who is acting as an assuming insurer and who does not have a direct contractual relationship with consumers affected by the cybersecurity event shall notify the ceding insurer and the commissioner of the licensee's state of domicile of the cybersecurity event no later than 3 business days after learning of the cybersecurity event. The licensee shall have no other notice obligations relating to a cybersecurity event or other data breach under this section or any other law of this state. A ceding insurer who has a direct contractual relationship with the affected consumers shall comply with the notification requirements under this section and, if applicable, the requirements under s. 134.98.

SB160,8 Section 8. 601.955 of the statutes is created to read:

SB160,17,19 601.955 Confidentiality. (1) All of the following apply to documents, materials, and other information in the possession or control of the commissioner that are obtained by, created by, or disclosed to the commissioner or any other person under this subchapter:

SB160,17,21 (a) The documents, materials, and other information are considered proprietary and contain trade secrets.

SB160,17,23 (b) The documents, materials, and other information are confidential and privileged, and the privilege may not be constructively waived.

SB160,17,25 (c) The documents, materials, and other information are not open to inspection or copying under s. 19.35 (1).

SB160,18,2 (d) The documents, materials, and other information are not subject to subpoena or discovery and are not admissible as evidence in a private civil action.

SB160,18,5 (e) The commissioner may use the documents, materials, and other information in the furtherance of any regulatory or legal action brought as a part of the commissioner's official duties.

SB160,18,7 (f) The commissioner may not make the documents, materials, or other information public without first obtaining written consent of the licensee.

SB160,18,10 (g) Neither the commissioner nor any person who received the documents, materials, or other information may testify or be required to testify in any private civil action regarding the documents, materials, or other information.

SB160,18,23 (2) Notwithstanding sub. (1), the commissioner may share, upon request, the documents, materials, or other information with other state, federal, and international financial regulatory agencies if the recipient agrees in writing to maintain the confidentiality and privileged status of the documents, materials, or other information and has verified that it has the legal authority to maintain confidentiality. The commissioner may receive documents, materials, or other information related to this subchapter from other state, federal, and international financial regulatory agencies and shall maintain as confidential or privileged any documents, materials, or other information that is treated as confidential or privileged under the laws of the jurisdiction that is the source of the documents, materials, or other information. The sharing of documents under this subsection does not constitute a delegation of regulatory authority and does not act as a waiver of privilege.

SB160,19,3 (3) Notwithstanding sub. (1), the commissioner may share the documents, materials, or other information under this section with a 3rd-party consultant or vendor if the consultant or vendor agrees in writing to maintain the confidentiality and privileged status of the documents, materials, and other information shared under this section.

SB160,19,7 (4) Nothing in this subchapter prohibits the commissioner from releasing final, adjudicated actions that are open to public inspection to a database or other clearinghouse service maintained by the National Association of Insurance Commissioners, its affiliates, or subsidiaries.

SB160,9 Section 9. 601.956 of the statutes is created to read:

SB160,19,15 601.956 Enforcement. The commissioner shall have the power to examine and investigate the affairs of any licensee to determine whether the licensee has engaged in conduct in violation of this subchapter and to take action that is necessary or appropriate to enforce the provisions of this subchapter. This power is in addition to the powers that the commissioner has under subch. IV of this chapter. An investigation or examination under this section shall be conducted under subchs. IV and V of this chapter.

SB160,10 Section 10. Effective date.

SB160,19,18 (1) This act takes effect on the first day of the 4th month beginning after publication.

SB160,19,19 (End)