The Indiana Insurance Data Security Law, Indiana Code § 27-2-27 et seq., went into effect on July 1, 2021.
The Insurance Data Security Law applies to all licensees handling or processing non-public insurance data for policyholders or members. A “Licensee” is defined as a person who either is or is required to be licensed, authorized to operate, or registered under Indiana Code Title 27, with certain exceptions.
Unless exempt, insurers must file with the Indiana Department of Insurance written certification that the insurer is in compliance with the Insurance Data Security Law, on or before April 15, 2022.
In an effort to streamline and increase efficiencies, the Indiana Department of Insurance has created the Annual Certification Form and Exemption Form to accomplish these reporting requirements.
Resident and nonresident agents and agencies are expected to comply with the applicable provisions of the Insurance Data Security Law but are not required to file the Annual Certification Form or Exemption Form.
To read the law, visit Indiana Insurance Data Security Law § 27-2-27