Vermont Statutes Title 27 Sec. 1617
Terms Used In Vermont Statutes Title 27 Sec. 1617
- Administrator: means the Vermont State Treasurer. See
- Confidential information: means records, reports, and information that are confidential under section 1612 of this title. See
- Fraud: Intentional deception resulting in injury to another.
- Holder: means a person obligated to hold for the account of, or to deliver or pay to, the owner, property subject to this chapter. See
- Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.
- Person: means an individual, estate, business association, public corporation, government or governmental subdivision, agency, or instrumentality, or other legal entity. See
- Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See
- Security: means :
§ 1617. Security breach
(a) Except to the extent prohibited by law other than this chapter, the Administrator or Administrator’s agent shall notify a holder as soon as practicable of:
(1) a suspected loss, misuse or unauthorized access, disclosure, modification, or destruction of confidential information obtained from the holder in the possession of the Administrator or the Administrator’s agent; and
(2) any interference with operations in any system hosting or housing confidential information that:
(A) compromises the security, confidentiality, or integrity of the information; or
(B) creates a substantial risk of identity fraud or theft.
(b) Except as necessary to inform an insurer, attorney, investigator, or others as required by law, the Administrator and the Administrator’s agent may not disclose, without the express consent in a record of the holder, an event described in subsection (a) of this section to a person whose confidential information was supplied by the holder.
(c) If an event described in subsection (a) of this section occurs, the Administrator and the Administrator’s agent shall:
(1) take action necessary for the holder to understand and minimize the effect of the event and determine its scope; and
(2) cooperate with the holder with respect to:
(A) any notification required by law concerning a data or other security breach; and
(B) a regulatory inquiry, litigation, or similar action. (Added 2019, No. 93 (Adj. Sess.), § 2, eff. Jan. 1, 2021.)