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This Non-Disclosure Agreement (Insurance) is designed for use in the Canadian insurance industry when parties need to share sensitive information in the course of their business relationship. The document is particularly relevant when insurance companies, brokers, or service providers need to exchange confidential information such as customer data, claims history, underwriting procedures, pricing models, or proprietary business processes. It ensures compliance with Canadian federal privacy laws (PIPEDA), the Insurance Companies Act, and provincial insurance regulations. The agreement includes specific provisions for data protection, regulatory reporting requirements, and breach notification procedures that are unique to the insurance sector. This template should be used whenever parties need to protect sensitive insurance-related information during business negotiations, service arrangements, or collaborative projects.

1. Parties: Identification of the disclosing and receiving parties, including full legal names and addresses

2. Background: Context of the agreement, nature of the insurance business relationship, and purpose of information sharing

3. Definitions: Detailed definitions including Confidential Information, Personal Information (as per PIPEDA), Insurance Data, Trade Secrets, and other key terms

4. Scope of Confidential Information: Detailed description of what constitutes confidential information in the insurance context, including customer data, underwriting information, and business processes

5. Obligations of Receiving Party: Core confidentiality obligations, including handling, storage, and protection of insurance-related confidential information

6. Permitted Disclosures: Circumstances under which confidential information may be disclosed, including regulatory requirements and legal obligations

7. Data Security Requirements: Specific security measures required for protecting insurance-related data and personal information

8. Return or Destruction of Confidential Information: Requirements for handling confidential information upon termination or request

9. Term and Termination: Duration of the agreement and conditions for termination

10. Breach and Remedies: Consequences of breach and available remedies, including specific provisions for insurance data breaches

11. General Provisions: Standard clauses including governing law, jurisdiction, assignment, and entire agreement