Learn About The Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 26. (a) A licensee is exempt from sections 16 through 20 of this chapter if the licensee has:
(1) fewer than fifty (50) employees;
(2) less than five million dollars ($5,000,000) in gross annual revenue; or
(3) less than ten million dollars ($10,000,000) in year-end total assets.
(b) A licensee that:
(1) is subject to the federal Health Insurance Portability and Accountability Act (Pub.L. 104-191, 110 Stat. 1936, enacted August 21, 1996); and
(2) has established and maintains an information security program pursuant to that federal act and the regulations, procedures, or guidelines established under that act;
will be considered as meeting the requirements of this chapter, except for the notice requirements described in section 21 of this chapter.
(c) An individual who:
(1) is an employee, agent, representative, or designee of a licensee; and
(2) is also a licensee;
is exempt from sections 16 through 20 of this chapter and need not develop the individual's own information security program to the extent that the individual is covered by the information security program of the licensee of which the individual is an employee, agent, representative, or designee.
(d) A licensee shall be considered to have complied with sections 16 through 20 of this chapter if the licensee is affiliated with a financial institution (as defined in 15 U.S.C. 6809) that maintains an information security program in compliance with the Interagency Guidelines Establishing Standards for Safeguarding Consumer Information adopted under Sections 501 and 505(b) of the Gramm-Leach-Bliley Act (15 U.S.C. 6801 and 6805(b)).
(e) If a licensee ceases to qualify for an exception under subsection (a), (b), (c), or (d), the licensee must comply with sections 16 through 20 of this chapter not more than one hundred eighty (180) days after the licensee ceases to qualify for the exception.
Cite this article: FindLaw.com - Indiana Code Title 27. Insurance § 27-2-27-26 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-27-insurance/in-code-sect-27-2-27-26/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)