N.Y. Financial Services Law § 405: Immunity

§ 405. Immunity. In the absence of fraud or bad faith, no person

subject to the provisions of this chapter, the banking law or the

insurance law shall be subject to civil liability, and no civil cause of

action of any nature shall arise against such person for any: (a)

information relating to suspected violations of the banking law or the

insurance law furnished to law enforcement officials, their agents and

employees; (b) information relating to suspected violations of the

banking law or the insurance law furnished to other persons subject to

the provisions of this chapter; (c) information furnished in reports to

the financial frauds and consumer protection unit, its agents or

employees or any state agency investigating fraud or misconduct relating

to financial fraud, its agents or employees; and (d) information

relating to insurance fraud as defined in section 176.05 of the penal

law furnished to the National Insurance Crime Bureau. For the purposes

of this section the National Insurance Crime Bureau is a nonprofit

dedicated to the prosecution of insurance fraud and vehicle crime. The

superintendent or any employee of the financial frauds and consumer

protection unit, in the absence of fraud or bad faith, shall not be

subject to civil liability and no civil cause of action of any nature

shall arise against the superintendent or any such employee by virtue of

the publication of any report or bulletin related to the official

activities of the financial frauds and consumer protection unit. Nothing

herein is intended to abrogate or modify in any way any common law

privilege or immunity heretofore enjoyed by any person.