Section 45.48.520. Due diligence.

Latest version.

In AS 45.48.510(3), due diligence ordinarily includes performing one or more of the following:
        (1) reviewing an independent audit of the third party's operations and its compliance with AS 45.48.500 - 45.48.590;
        (2) obtaining information about the third party from several references or other reliable sources and requiring that the third party be certified by a recognized trade association or similar organization with a reputation for high standards of quality review; or
        (3) reviewing and evaluating the third party's information security policies and procedures, or taking other appropriate measures to determine the competency and integrity of the third party.

Notes

History

(Sec. 4 ch 92 SLA 2008)

                    
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