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Does NY DFS Part 504 ruling apply to insurance companies that offer covered products? Question Id:6522
Amy nguyen
12-12-2017 10:12AM
User Id: 180197
With Reference to Webinar - Preparing for a BSA/OFAC Regulatory Examination (ID - 703554)
Chethan - You stated that for insurers doing business in New York, the NY DFS requires annual certification of the cybersecurity program, beginning February 2018. Are you referring to the Part 504 ruling? If yes, my research indicates that Part 504 ruling is applicable for banking institutions chartered under the NY Banking law such as check cashiers or money transmitters. Can you confirm if it applies to
Points for this question:20

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