Insurance Non Disclosure Agreement Template for Hong Kong

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Key Requirements PROMPT example:

Insurance Non Disclosure Agreement

"I need an Insurance Non-Disclosure Agreement for a partnership between our Hong Kong insurance company and a medical data analytics provider, with special attention to health data protection and cross-border data transfers to our Singapore office."

Document background
The Insurance Non-Disclosure Agreement is essential for insurance industry participants operating in Hong Kong who need to share sensitive information while maintaining confidentiality and regulatory compliance. This document is typically used when insurance companies, brokers, or service providers need to exchange confidential information relating to insurance products, underwriting data, claims information, or customer details. It incorporates specific requirements from Hong Kong's regulatory framework, including the Insurance Ordinance (Cap. 41) and Personal Data (Privacy) Ordinance (Cap. 486). The agreement is particularly important given Hong Kong's position as a major insurance hub in Asia and the increasing complexity of insurance products and services requiring collaboration between multiple parties.
Suggested Sections

1. Parties: Identification of the disclosing and receiving parties, including any affiliated entities or group companies

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

3. Definitions: Key terms including Confidential Information, Insurance Business, Permitted Purpose, Representatives, etc.

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

5. Obligations of Confidentiality: Core confidentiality obligations, including handling and protection of information

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

7. Data Protection and Security: Specific measures required to protect insurance-related data and personal information

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

9. Term and Survival: Duration of the agreement and obligations that continue after termination

10. Breach and Remedies: Consequences of breach and available remedies including injunctive relief

11. General Provisions: Standard clauses including governing law, jurisdiction, amendments, etc.

Optional Sections

1. Regulatory Compliance: Additional provisions for compliance with specific insurance regulations - include when parties are regulated entities

2. Third Party Rights: Rights of third parties under the Contracts (Rights of Third Parties) Ordinance - include when third party rights need to be explicitly addressed

3. Insurance Product Development: Specific provisions for confidentiality in product development - include when sharing product development information

4. Broker/Agent Provisions: Special provisions for insurance intermediaries - include when involving brokers or agents

5. Cross-Border Transfers: Provisions for international data transfers - include when information will be shared across jurisdictions

6. Intellectual Property Rights: Protection of IP in insurance products or systems - include when sharing technology or product designs

7. Force Majeure: Provisions for extraordinary circumstances - include for long-term or critical information sharing arrangements

Suggested Schedules

1. Schedule 1 - Specified Confidential Information: Detailed list of types of confidential information covered

2. Schedule 2 - Authorized Representatives: List of authorized personnel who may access confidential information

3. Schedule 3 - Security Protocols: Specific security measures and protocols for handling confidential information

4. Schedule 4 - Permitted Purpose Details: Detailed description of the permitted uses of confidential information

5. Appendix A - Data Protection Standards: Technical and organizational measures for data protection

6. Appendix B - Information Classification Guide: Guidelines for classifying different types of confidential information

7. Appendix C - Incident Response Procedures: Procedures for handling confidentiality breaches

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Clauses
Relevant Industries

Insurance

Financial Services

Healthcare

Technology

Professional Services

Risk Management

Legal Services

Consulting

Data Analytics

Medical Services

Automotive

Real Estate

Maritime

Aviation

Relevant Teams

Legal

Compliance

Risk Management

Underwriting

Claims

Product Development

Information Security

Data Protection

Business Development

Operations

Actuarial

Strategy

Partnerships

Technical Operations

Customer Relations

Relevant Roles

Chief Risk Officer

Compliance Manager

Legal Counsel

Insurance Underwriter

Claims Manager

Actuarial Manager

Product Development Manager

Insurance Broker

Data Protection Officer

Business Development Director

Insurance Operations Manager

Chief Information Security Officer

Partnership Manager

Technical Director

Strategy Director

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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