Ace the Alberta General Insurance Level 1 Exam 2025 – Insure Your Success Today!

Question: 1 / 400

What is a key principle of confidentiality in business?

Information must be shared with as many parties as possible

Information is only divulged under court order

Court orders are legal decisions issued by a court that require certain parties to disclose information. This key principle of confidentiality in business means that information should only be shared under legal obligations and should not be disclosed to the general public without proper consent. Options A, C, and D are incorrect because they suggest that information can be freely shared with a wide range of parties, which goes against the concept of confidentiality.

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All business information can be disclosed at brokers' discretion

General public has a right to any business information

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