Law / United States / Michigan

Insurance Data Security Act: records of cybersecurity events kept five years and produced to the director

MCL 500.557

In force since .

A breach notification rule binding private bodies.

How the hook was established
express
What makes it apply
Operator establishment
Obligation class
Governance, Retention
Audit expectation
on_request
Who audits it
Regulator
Where the report goes
Produced on request

As of .

What it requires

  • As an insurance licensee, keep records concerning all cybersecurity events for at least 5 years from the date of each event, and produce those records when the director demands them.

These lines are LexLint's reading of the law's text, as of .

What it makes you log

Who may demand the log

Regulator

Log retention

Five years is a minimum, running from the date of the cybersecurity event; the section sets no maximum.

Unit
Years
As of
Basis
Fixed
Minimum value
5

Logging duty

Section 557(3) requires a licensee to keep records concerning all cybersecurity events and to produce them on demand of the director. The subsection names no fields the records must hold. Section 555(9), which this row does not cite, separately has an insurer domiciled in the state keep the records supporting its annual compliance certificate for 5 years.

Kind
Explicit
As of
Provision
MCL 500.557(3)
Trigger
security_incident

What this law does

Drafted with AI

Drafted with AI from the cited sources under the direction of UnGovr staff. UnGovr holds editorial responsibility for this page. How this site is made

Research summary

Legal information, not legal advice. This is LexLint's own research summary of a public legal source, and it creates no attorney-client relationship. For decisions that matter, consult qualified counsel in the relevant jurisdiction. About LexLint

A licensee must maintain records concerning all cybersecurity events for at least 5 years from the date of the cybersecurity event and must produce those records on demand of the director. Section 557 was added by 2018 Act 690, effective . A licensee is a licensed insurer or producer, or another person licensed or required to be licensed, authorized, or registered, or holding or required to hold a certificate of authority, under the Insurance Data Security Act.

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