The South Carolina Insurance Data Security Act went into effect on January 1. Most insurance carriers and TPAs licensed in South Carolina (“licensees”) must be ready now to comply with a breach response plan.
On July 1, 2019, all “licensees” are required to have a completed risk assessment and a written information security plan. The requirements are extensive.
Penalties for non-compliance can include revoking the carrier’s license to insure in South Carolina, so please make sure you are ready. To read more about this statute, read our article here.