in the course of carrying out their business, life insurance agents have access to a great deal of personal information about their clients. How they handle that information is regulated by privacy legislation.

The more important for insurance agents is the Personal Information Protection and Electronic Documents Act

(PIPEDA).80 PIPEDA sets out ground rules for how businesses and other organizations may collect, use or disclose personal information in the course of commercial activities. Lusted below are a series 00f statements relating to PIPEDA. Select those that are correct.

1. PIPEDA sets out ground rules for how businesses and other organizations may collect, use or disclose personal information in the course of commercial activities.
2. PIPEDA also controls how federally regulated businesses must act in handling employee personal information.
3. Provincial PIPEDA laws take precedence over federal laws.
4. PIPEDA ensures that only information that is needed and relevant to conduct a business transaction should be collected.
5. Once the need for the information is over, the information should be stored in a safe place.

Select one:

a. 2, 3 &. 5

b. 1, 2 8. 4

C. 1, 2 8 3

d. They are all correct