§ 405. Immunity. In the absence of fraud or bad faith, no person\nsubject to the provisions of this chapter, the banking law or the\ninsurance law shall be subject to civil liability, and no civil cause of\naction of any nature shall arise against such person for any:
(a)\ninformation relating to suspected violations of the banking law or the\ninsurance law furnished to law enforcement officials, their agents and\nemployees;
(b)information relating to suspected violations of the\nbanking law or the insurance law furnished to other persons subject to\nthe provisions of this chapter;
(c)information furnished in reports to\nthe financial frauds and consumer protection unit, its agents or\nemployees or any state agency investigating fraud or misconduct relating\nto financial fraud, its age
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§ 405. Immunity. In the absence of fraud or bad faith, no person\nsubject to the provisions of this chapter, the banking law or the\ninsurance law shall be subject to civil liability, and no civil cause of\naction of any nature shall arise against such person for any: (a)\ninformation relating to suspected violations of the banking law or the\ninsurance law furnished to law enforcement officials, their agents and\nemployees; (b) information relating to suspected violations of the\nbanking law or the insurance law furnished to other persons subject to\nthe provisions of this chapter; (c) information furnished in reports to\nthe financial frauds and consumer protection unit, its agents or\nemployees or any state agency investigating fraud or misconduct relating\nto financial fraud, its agents or employees; and (d) information\nrelating to insurance fraud as defined in section 176.05 of the penal\nlaw furnished to the National Insurance Crime Bureau. For the purposes\nof this section the National Insurance Crime Bureau is a nonprofit\ndedicated to the prosecution of insurance fraud and vehicle crime. The\nsuperintendent or any employee of the financial frauds and consumer\nprotection unit, in the absence of fraud or bad faith, shall not be\nsubject to civil liability and no civil cause of action of any nature\nshall arise against the superintendent or any such employee by virtue of\nthe publication of any report or bulletin related to the official\nactivities of the financial frauds and consumer protection unit. Nothing\nherein is intended to abrogate or modify in any way any common law\nprivilege or immunity heretofore enjoyed by any person.\n