NZ CFS L5 General Insurance Practice Questions - NZ Certificate In Financial Services (Level 5) - General Insurance Strand Exam

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Under Principle 1 of the New Zealand Privacy Act 2020, what is the key restriction on an insurance adviser collecting personal information?

Information must be collected only for a lawful purpose connected with the adviser's function and if collection is necessary for that purpose Information must be collected only in writing using official agency forms Information must be collected only after notifying the Commerce Commission Information must be collected only from individuals who are over 18 years old

Correct Answer:

Information must be collected only for a lawful purpose connected with the adviser's function and if collection is necessary for that purpose

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