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The NAIC’s Privateness Protections (H) Working Group met over the weekend as a part of the NAIC’s Summer time Nationwide Assembly. The working group introduced that later within the 12 months it’ll search an extension on its efforts to create a unified privateness mannequin act (#674) which can possible push again remaining adoption into someday subsequent 12 months. A number of states have publicly introduced that they won’t help the present proposed Model 1.2, and not less than one state referred to it as essentially flawed. The opposed states don’t wish to transfer ahead with the present model. The Chair introduced that the working group will proceed to obtain public feedback whereas it digests feedback beforehand acquired and continues the direct one-on-one outreach to firms and trades.
In some unspecified time in the future within the fall, the working group will publish a redlined revised model, topic to public remark, and search an extension into 2024; to cite the Chair, Virginia Commissioner Johnson, “it’s too essential a subject to hurry.” The expectation stays that there can be a revised unified privateness mannequin, however approval has been pushed again to someday subsequent 12 months. HIPAA and GLB will proceed to be entrance of thoughts, as will workstreams at the moment underway by different working teams beneath the umbrella of the Innovation, Cybersecurity and Expertise (H) Committee.
Locke Lord will proceed to watch developments on the H Committee and its constituent working teams. You probably have any questions, please attain out to the writer or your Locke Lord companion.
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