The life insurance companies in this area are obliged to respect confidentiality in order to preserve their clients' privacy and the legitimate confidentiality of transmitted information.
The disclosure of confidential information entrusted by the policyholder to his insurer is punishable by penalties. This mandatory observance of confidentiality applies to all persons connected with the company. The law obliges the insurer to respect the confidentiality of information regarding all individual or legal entities, state organisations and public authorities.