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  4. Michigan
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  6. Chapter 500 - Insurance Cod...
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  8. Act 218 of 1956 The Insuran...
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  10. 218-1956-5A Chapter 5a Data Security (500.550.a...


218-1956-5A Chapter 5a Data Security (500.550.added...500.565.added)


  • Section 500.550.added Private Cause of Action Not Created; Exclusive Standards.
  • Section 500.553.added Definitions.
  • Section 500.555.added Comprehensive Written Information Security Program; Requirements; Duties of Licensee and Board of Directors; Third-Party Service Provider; Incident Response Plan; Certification of Compliance.
  • Section 500.557.added Occurrence of Cybersecurity Event; Investigation; Maintenance of Records.
  • Section 500.559.added Notification of Cybersecurity Event Involving Nonpublic Information; Duty to Update and Supplement Notifications to Director; Contents; Application to Third-Party Service Provider; Duties of Ceding Insurers With Direct Contractual Relationship.
  • Section 500.561.added Notice of Cybersecurity Event to Residents of This State; Conditions and Requirements; Duties of Licensee; Substitute Notice; Notification to Certain Consumer Reporting Agencies; Exception; Compliance With Health Insurance Portability and Accountability Act Considered Compliance With Section; Notice With Intent to Defraud; Misdemeanor; Penalty; Failure to Provide Notice; Civil Fine; Aggregate Liability; Applicability of Section; Definitions.
  • Section 500.563.added Confidentiality; Use of Documents, Materials, or Other Information; Duties of Director.
  • Section 500.565.added Exemption for Certain Licensees; Timeline for Implementation and Compliance.
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