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Insurance Confidentiality Agreement
"Need an Insurance Confidentiality Agreement for our Singapore-based insurance company sharing client data with our new Australian partner, effective March 2025, with specific provisions for cross-border data transfers and PDPA compliance."
1. Parties: Identification of the contracting parties, including registered addresses and company registration numbers
2. Background: Context of the agreement and the relationship between parties
3. Definitions: Key terms used tHRoughout the agreement
4. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement
5. Obligations of Confidentiality: Core confidentiality obligations and permitted uses of confidential information
6. Data Protection Compliance: PDPA compliance requirements and data handling procedures
7. Term and Termination: Duration of the agreement and termination provisions
8. Return or Destruction of Confidential Information: Procedures for handling confidential information upon termination
1. Cross-Border Data Transfer: Requirements and compliance obligations for international data transfers when parties operate across multiple jurisdictions
2. Bancassurance Provisions: Specific provisions for banking-related insurance activities when agreement involves bank-insurance partnerships
3. Third-Party Disclosure: Rules and procedures for sharing information with authorized third parties when third-party service providers are involved
4. Security Breach Protocols: Procedures and obligations for handling data breaches when dealing with sensitive electronic data
1. Schedule of Authorized Personnel: List of individuals authorized to access confidential information
2. Data Security Standards: Technical and organizational security measures required for protecting confidential information
3. Regulatory Reporting Requirements: List of maNDAtory regulatory disclosures and reporting obligations under Singapore law
4. Data Processing Procedures: Detailed procedures for handling and processing confidential information in compliance with PDPA
Authors
Personal Data
Authorized Personnel
Permitted Purpose
Disclosing Party
Receiving Party
Affiliates
Insurance Business
Trade Secrets
Data Protection Laws
PDPA
Regulatory Authority
MAS
Security Breach
Data Subject
Effective Date
Term
Representatives
Proprietary Information
Insurance Products
Client Information
Actuarial Data
Underwriting Information
Claims Data
Bancassurance
Data Processing
Third Party Service Provider
Intellectual Property Rights
Working Day
Confidentiality Period
Data Protection
Information Security
Permitted Disclosures
Return of Information
Non-Disclosure
Regulatory Compliance
Term and Survival
Force Majeure
Breach Notification
Data Transfer
Access Control
Security Standards
Audit Rights
Indemnification
Remedies
Governing Law
Dispute Resolution
Assignment
Severability
Entire Agreement
Notices
Third Party Rights
Amendments
Counterparts
Waiver
Data Breach Procedures
Regulatory Reporting
Records Retention
Termination Rights
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