Are there any laws governing the use of computer algorithms for automated decision making in finance, insurance, and healthcare?

Yes, there are laws governing the use of computer algorithms for automated decision making in finance, insurance, and healthcare in Alaska. This is due to the increasing use of new technologies in these industries. Alaska statutes mandate that all data used in automated decision-making must be valid and factually accurate. Additionally, all effects of the decisions made by an algorithm must be fully disclosed, and an explanation provided on how the computation was done. Furthermore, any data used for automated decision-making must be reviewed for accuracy on a regular basis. In addition to these state laws, there are also several federal regulations that must be considered when it comes to automated decision-making. These regulations put restrictions on how personal data can be used, as well as requiring companies to provide measures to ensure data security. Ultimately, the use of algorithms for automated decision-making must be done with the utmost caution. It is important to adhere to the various state and federal laws that govern this technology in order to ensure accuracy, transparency, and data security.

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Are there any laws governing the use of computer algorithms for automated decision making in finance, insurance, and healthcare?

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