§ 27-2-27-19 — Board of directors; executive management

Indiana § 27-2-27-19

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 2: POWERS AND DUTIES OF INSURERS
• Ch. 27: Insurance Data Security

Text

(a) If the licensee has a board of directors,
the board of directors shall require the licensee's executive
management or its delegates to develop, implement, and maintain the
licensee's information security program.
(b) If the licensee's executive management delegates any of its
responsibilities under this section, it shall:
(1) oversee the development, implementation, and maintenance
of the licensee's information security program prepared by the
delegate; and
(2) receive a report from the delegate concerning:
(A) the overall status of the information security program;
(B) the licensee's compliance with this chapter; and
(C) material matters related to the information security program
addressing such issues as:
(i) risk assessment;
(ii) risk management and control decisions;
(iii) third party service provider arrangements;
(iv) results of testing;
(v) cybersecurity events and management's responses to
cybersecurity events; and
(vi) recommendations for changes in the information security
program.

Legislative History

As added by P.L.130-2020, SEC.10.