Finally, some good news! I just heard through Michael Horning from United Educators that the State of New York has revised their cyber regulations for financial service organizations to exclude RRGs if they are licensed in other states. That’s great news as the prospect of RRGs that may be registered in many states would have to try and comport to each state’s cyber regulations would have been a nightmare. This also sets a good precedent as the NAIC continues to trundle down the path of creating model cyber regulations for the insurance industry. We will continue to work with Dave Provost of Vermont’s DFR and our other partners to manage the impact of this issue as moves forward. Click here to view the new cybersecurity requirements for financial services companies.
Don’t forget: VCIA is hosting a one-hour webinar on February 22nd entitled “TRIA Data Collection for Captives”. Our panel of specialists will explain how this requirement affects captive insurance companies and discuss the important latest developments. Register now at the link below. This session is designed to make the filing process more understandable to all parties involved. CPE / CLE / ICCIE credit for participation is offered as well.
Thank you all very much, and I look forward to hearing from you!
Rich Smith
VCIA President
Captivated 