Notice of Adoption - New Regulation 10-1-1 Governance and Risk Management Framework Requirements for Life Insurers' Use of External Consumer Data and Information Sources, Algorithms, and Predictive Models

The Division would like to provide notice that the Commissioner has adopted the following  regulation:

• Regulation 10-1-1 Governance and Risk Management Framework Requirements for Life Insurers' Use of External Consumer Data and Information Sources, Algorithms, and Predictive Models

This regulation establishes the governance and risk management requirements for life insurers that use external consumer data and information sources (ECDIS), as well as algorithms and predictive models that use ECDIS.

This regulation will become effective on November 14, 2023.

Regulations that have been adopted, but are not yet effective can be found on the Division's website.