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This Insurance Confidentiality Agreement is designed for use when parties in the insurance industry need to exchange sensitive information in the course of their business operations in Canada. The agreement is particularly relevant when sharing underwriting data, claims information, customer personal information, or proprietary business information between insurance companies, brokers, service providers, and other industry participants. It incorporates requirements from Canadian federal privacy laws (PIPEDA), the Insurance Companies Act, provincial privacy legislation, and insurance regulatory requirements. The agreement provides comprehensive protection for confidential information while ensuring compliance with Canadian insurance industry regulations and privacy laws. It is structured to accommodate both routine business operations and special projects where sensitive insurance-related information needs to be shared.

1. Parties: Identification of the parties entering into the agreement, including full legal names and addresses

2. Background: Context of the agreement, relationship between parties, and purpose of information sharing

3. Definitions: Detailed definitions including Confidential Information, Personal Information, Trade Secrets, and other key terms specific to insurance context

4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the insurance context

5. Obligations of Confidentiality: Core confidentiality obligations, including use restrictions and protection standards

6. Privacy Law Compliance: Specific obligations relating to PIPEDA and provincial privacy law compliance

7. Security Measures: Required technical and organizational measures to protect confidential information

8. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including regulatory requirements

9. Return or Destruction of Information: Obligations regarding the handling of confidential information upon termination

10. Breach Notification: Requirements for reporting unauthorized disclosures or security incidents

11. Term and Termination: Duration of the agreement and termination provisions

12. Remedies: Available remedies in case of breach, including injunctive relief

13. General Provisions: Standard boilerplate clauses including governing law, jurisdiction, and entire agreement