§ 27-71-10. Immunity for market conduct surveillance personnel.
(a) No cause of action shall arise nor shall any liability be imposed against the commissioner,
the commissioner's authorized representatives, or an examiner appointed by the commissioner
for any statements made or conduct performed in good faith while carrying out the
provisions of this chapter.
(b) No cause of action shall arise, nor shall any liability be imposed against any person
for the act of communicating or delivering information or data to the commissioner
or the commissioner's authorized representative or examiner pursuant to an exam
Free access — add to your briefcase to read the full text and ask questions with AI
§ 27-71-10. Immunity for market conduct surveillance personnel.
(a) No cause of action shall arise nor shall any liability be imposed against the commissioner,
the commissioner's authorized representatives, or an examiner appointed by the commissioner
for any statements made or conduct performed in good faith while carrying out the
provisions of this chapter.
(b) No cause of action shall arise, nor shall any liability be imposed against any person
for the act of communicating or delivering information or data to the commissioner
or the commissioner's authorized representative or examiner pursuant to an examination
made under this chapter, if the act of communication or delivery was performed in
good faith and without fraudulent intent or the intent to deceive.
(c) A person identified in subsection (a) shall be entitled to an award of attorneys'
fees and costs if he or she is the prevailing party in a civil cause of action for
libel, slander, or any other relevant tort arising out of activities in carrying out
the provisions of this chapter and the party bringing the action was not substantially
justified in doing so. For purposes of this section, a proceeding is "substantially
justified� if it had a reasonable basis in law or fact at the time that it was initiated.
(d) This section does not abrogate or modify in any way any common law or statutory privilege
or immunity heretofore enjoyed by any person identified in subsection (a).