507F.13 Applicability.
114 words·~1 min read·
/ia/chapter-507f-insurance-data-security/507f-13·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
1. This chapter shall not apply to a licensee that is subject to, and in compliance with, the Health Insurance Portability and Accountability Act. The licensee shall annually submit to the commissioner a written certification of the licensee’s compliance with HIPAA.
2. This chapter shall not apply to a licensee that is owned or controlled by a federally insured depository institution that is subject to, and in compliance with, the Gramm-Leach-Bliley Act or comparable federal law and corresponding regulations.
3. A licensee shall have one hundred eighty days from the date the licensee no longer qualifies for exemption under subsection 1 or 2 to comply with this chapter.
2021 Acts, ch 79, §13, 17