FR EA

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Extract to table / ct-insurance-data-security-law-memo.docx
ct-insurance-data-security-law-memo.docx · 1025-00006

Parties

Quorum Insurance Holdings Corp
Harkness LLP
Counsel Quorum Insurance Holdings Corp
Palomar Data Solutions Security Inc
Graystone Forensics LLC
The Security Inc
Severin Corp
Security Inc

Dates

July 22, 2023
August 4, 2023
August 14, 2023
July 14, 2023
March 14, 2023
February 10, 2023
February 7, 2023
November 12, 2019
March 3, 2021
September 15, 2022

Amounts

$16.3
$4.82
$6.1

Obligations

Based on our review of the applicable statutory provisions, the factual record developed through the forensic investigation conducted by Graystone Forensics LLC under the direction of this firm, and the relevant regulatory guidance issued by the Connecticut Insurance Department, we reach the following principal conclusions: First, Quorum is required to notify the Connecticut Insurance Department of the security incident as a "cybersecurity event" within the meaning of Conn
The statute defines "licensee" broadly to encompass any person or entity that is licensed, authorized to operate, or registered, or that is required to be licensed, authorized, or registered, pursuant to the insurance laws of the State of Connecticut
Accordingly, Quorum is required to notify the Commissioner of Insurance of the cybersecurity event at Palomar
Content of Notification The statute specifies the content elements that must be included in the notification to the Commissioner of Insurance
Accordingly, Quorum must comply with both statutes independently