What type of examples should a licensee provide when categorizing information?

The requirement for a licensee to provide illustrative examples of significant lines of business related to third parties is essential because it allows for a practical demonstration of how the information being categorized is applied in real-world scenarios. When a licensee gives examples that are closely tied to specific lines of business, it helps clarify the relevance of the information and contextualizes it for third parties. This not only aids in understanding but also ensures that the examples are directly linked to the actual operations and practices within the industry, which may influence decision-making and strategy.

Using statistical examples of past business performance, generic industry examples, or even case studies may not concretely tie back to the third parties involved, making them less effective in this context. While they each provide valuable insights in their own right, they lack the specificity and direct relevance needed when categorizing information in a manner that is actionable and applicable to third parties. Thus, illustrative examples specific to significant lines of business stand out as the most beneficial choice.