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Current as of January 01, 2021 | Updated by FindLaw Staff
(1) If a holder is required to include confidential information in a report to the administrator, the information shall be provided by a secure means.
(2) If confidential information in a record is provided to and maintained by the administrator or administrator's agent as required by this chapter, the administrator or agent shall:
(a) Implement administrative, technical, and physical safeguards to protect the security, confidentiality, and integrity of the information as required by KRS 365.720 to 365.730 and federal privacy and data security law, whether or not the administrator or the administrator's agent is subject to the law;
(b) Protect against reasonably anticipated threats or hazards to the security, confidentiality, or integrity of the information; and
(c) Protect against unauthorized access to or use of the information which could result in substantial harm or inconvenience to a holder or the holder's customers, including insureds, annuitants, and policy or contract owners and their beneficiaries.
(3) The administrator:
(a) After notice and comment, shall adopt and implement a security plan that identifies and assesses reasonably foreseeable internal and external risks to confidential information in the administrator's possession and seeks to mitigate the risks; and
(b) Shall ensure that an administrator's agent adopts and implements a similar plan with respect to confidential information in the agent's possession.
(4) The administrator and the administrator's agent shall educate and train their employees regarding the plan adopted under subsection (3) of this section.
(5) The administrator and the administrator's agent shall in a secure manner return or destroy all confidential information no longer reasonably needed under this chapter.
Cite this article: FindLaw.com - Kentucky Revised Statutes Title XXXIV. Descent, Wills, and Administration of Decedents' Estates § 393A.820.Security of information - last updated January 01, 2021 | https://codes.findlaw.com/ky/title-xxxiv-descent-wills-and-administration-of-decedents-estates/ky-rev-st-sect-393a-820/
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 or via Westlaw before relying on it for your legal needs.
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