Michigan SB0549 amends insurance laws to enhance data security enforcement and breach notification requirements for licensees.

Michigan SB0549 amends sections of the Michigan insurance code to strengthen data security enforcement and breach notification requirements for licensees. The bill mandates that licensees notify consumers and consumer reporting agencies of cybersecurity events without unreasonable delay. It defines "cybersecurity event" and "nonpublic information," and outlines the content and methods of required notices. The bill also specifies penalties for failure to provide required notices and allows for civil fines.

Michigan SB0549 amends insurance laws to enhance data security enforcement and breach notification requirements for licensees.

Michigan SB0549 amends sections of the Michigan insurance code to strengthen data security enforcement and breach notification requirements for licensees. The bill mandates that licensees notify consumers and consumer reporting agencies of cybersecurity events without unreasonable delay. It defines "cybersecurity event" and "nonpublic information," and outlines the content and methods of required notices. The bill also specifies penalties for failure to provide required notices and allows for civil fines.