1. Short title This Act may be cited as the Insure Cybersecurity Act of 2023 . 2. Definitions In this Act: (1) Assistant Secretary The term Assistant Secretary means the Assistant Secretary of Commerce for Communications and Information. (2) Customer The term customer means an individual or organization that purchases cyber insurance from an issuer. (3) Cyber incident The term cyber incident has the meaning given the term incident in section 3552(b) of title 44, United States Code. (4) Cyber insurance Subject to section 3(c)(1)(A), the term cyber insurance means an insurance policy that, whether by explicit inclusion or by lack of exclusion, offers coverage for losses, damages, and costs incurred due to cyber incidents. (5) Issuer The term issuer means an organization that issues cyber insurance. (6) Policy The term policy means a policy for cyber insurance. (7) Small business The term small business has the meaning given the term small business concern in section 3 of the Small Business Act ( 15 U.S.C. 632 ). (8) Working group The term working group means the working group established under section 3(a). 3. Working group on cyber insurance (a) Establishment Not later than 90 days after the date of enactment of this Act, the Assistant Secretary shall establish a working group on cyber insurance. (b) Composition (1) Membership The working group shall be composed of not less than 1 member from each of the following: (A) The Cybersecurity and Infrastructure Security Agency. (B) The National Institute of Standards and Technology. (C) The Department of the Treasury. (D) The Department of Justice. (2) Chairperson The Assistant Secretary shall be the chairperson of the working group. (c) Activities (1) In general The working group shall carry out the following activities: (A) For the purposes of the activities of the working group, define the term cyber insurance in a manner that is different from the definition of that term under section 2(4), if the working group determines that such a modified definition is