Cap. 403 Art. 60Communication of confidential information.

(1) Notwithstanding the provisions of the Professional

Secrecy Act, article 257 of the Criminal Code shall not affect or prevent the exchange of information about policies, policyholders potential policyholders, insureds, claimants or other related parties -

(a) amongst insurance undertakings authorised to carry on the business of insurance ("insurers");

(b) amongst companies or persons registered or enrolled under the Insurance Distribution Act ("intermediar-ies");

(c) between insurers and intermediaries;

(d) between insurers, or intermediaries, or insurers and intermediaries, and the Commissioner of Police, provided that such exchange is compatible with or reasonably required for the purpose of preventing, detecting or suppressing insurance fraud.

(2) Without prejudice to Regulation (EU) 2016/679 of the European Parliament and of the Council of 27 April 2016 on the protection of natural persons with regard to the processing of personal data and on the free movement of such data, and repealing Directive 95/46/EC (General Data Protection Regulation), as amended from time to time, the collection, use, storage and transmission of information for the purposes of the exchanging of personal data referred to in sub-article (1) is deemed to be a necessary measure for the prevention, detection or suppression of insurance fraud.