< Study Room | 08.09.2016

After an agency relationship ends, what is the correct treatment of information that was confidential during the life of the agency?

After an agency relationship ends, what is the correct treatment of information that was confidential during the life of the agency?

A: The information is only confidential while the agency is operational

B: The information must remain confidential, even after the agency has ended

C: The information must remain confidential for a further 12 months after the agency has ended

D: Confidentiality does not apply once an insurance contract ends

 

Answer

B. The duty to act in good faith means that the information must remain confidential, even after the agency has ended.

Share

Related articles

From which of these dates would future loss of earnings start to accrue?

From which of these dates would future loss of earnings start to accrue?

4B: Future loss of earnings is an award made to compensate claimants for the loss of earnings they are likely to sustain going forward after the date of settlement, as a result of their injury. Therefore, the date they start to accrue is the date of settlement or trial date.

Why do insurers include a subrogation clause in the policy wording?

Why do insurers include a subrogation clause in the policy wording?

a: Because it allows them to commence a recovery action at an earlier stage b: Because it allows them to peruse a recovery in their own name

Which of the following is a requirement for a client to be treated as a professional client?

Which of the following is a requirement for a client to be treated as a professional client?

C: A professional client must confirm their status in writing