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Alaska: Bill relating to insurance data security introduced to Senate
Senate Bill 134 for An act relating to insurance data security, was introduced, on 21 April 2023, to the Alaska State Senate, and thereafter referred, on the same date, to the Labor and Commerce Committee and the Judiciary and Finance Committee, after its first reading. In particular, the bill sets out obligations for entities qualifying as 'licensees' under Alaskan law, providing for an obligation to conduct a risk assessment to evaluate the security and confidentiality of non-public information.
Notably, the bill obliges licensees to develop, implement, and maintain a comprehensive written information security program based on the licensee's risk assessment, and to designate one or more employees, an outside vendor, or a third-party service provider to act on behalf of the licensee as the person responsible for the licensee's information security program.
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