La. Admin. Code tit. 37 § XI-1505
Current through Register Vol. 50, No. 11, November 20, 2024
Confidential Information- information obtained by means of a confidential or fiduciary relationship and the existence of such relationship precludes the party in whom trust and confidence is placed from participating in profit or advantages resulting from the dealing as the parties to the relation. Specifically, information given a mortgagee pertaining to expiration date of insurance contracts and rating and coverages information is confidential information.
Person- any individual, company, insurer, association, organization, reciprocal or interinsurance exchange, partnership, business, trust or corporation.
Unfair Competition- the improper use of confidential information for competitive advantages.
La. Admin. Code tit. 37, § XI-1505