What categories of information must be disclosed about former customers?

The correct choice highlights the importance of transparency and accountability regarding former customers in the context of independent adjusters. Disclosing categories of financial information and identifying third parties involved allows for a better understanding of how customer data is handled and shared. This ensures that all parties are informed about what types of financial details may be shared and establishes trust in the regulatory process.

The requirement for disclosing categories ensures that the focus is not just on the transaction itself but on the broader context in which this information exists. Identifying third parties emphasizes the need to protect customer privacy while being compliant with applicable regulations, thereby fostering a culture of ethical practices in the industry.

This approach promotes informed decision-making among stakeholders and helps to mitigate any potential conflicts that could arise from mismanaged or undisclosed customer data, thus enhancing the integrity of the profession.