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Treasury Issues TRIA Guidance for Cyber Security Insurance; State DOIs to Follow

1/5/2017

The US Department of the Treasury has published guidance for stand-alone Cyber Security insurance as it relates to the Terrorism Risk Insurance Act (TRIA). The document can be found here: https://federalregister.gov/d/2016-31244.

On January 4, 2017, the Oregon Division of Financial Regulation sent out a communication indicating that it expects all commercial insurers to comply with this federal guidance. Oregon product standards checklist 440-3610 contains the appropriate TOI and sub-TOI coding for filing a Cyber Security product.