arrow_back Back to App

Making Cyber Insurance Clear: New Guidance for Consumers and Businesses.

This law establishes an expert working group tasked with analyzing and simplifying the complex language of cyber insurance policies, making them understandable for everyday customers and small businesses. The goal is to develop and publicly disseminate clear resources that help citizens consciously evaluate whether their policy truly protects them against hacking, data loss, or ransomware demands. This initiative aims to enable better decision-making regarding digital risk management.
Key points
Establishment of a working group to analyze and simplify the complex legal and technical language used in cyber policies so customers can better understand the scope of coverage.
Development and public dissemination of guides to help customers (including small businesses) evaluate the types and levels of coverage they need and what their policy actually covers.
Analysis of how policies handle ransomware attacks and exclusions related to cyberterrorism or acts of war.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_513
Sponsor: Sen. Hickenlooper, John W. [D-CO]
Process start date: 2023-02-16
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Insure Cybersecurity Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_513.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-02-16.

What are the main provisions?

Key points include:

  • Establishment of a working group to analyze and simplify the complex legal and technical language used in cyber policies so customers can better understand the scope of coverage.
  • Development and public dissemination of guides to help customers (including small businesses) evaluate the types and levels of coverage they need and what their policy actually covers.
  • Analysis of how policies handle ransomware attacks and exclusions related to cyberterrorism or acts of war.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Hickenlooper, John W. [D-CO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy Security Informatization