(a) Every insurer or savings bank shall, upon the termination of the services of any officer or employee certified under this article, forthwith file with the superintendent a statement, in such form as the superintendent prescribes, of the cause and facts relative to such termination. The certificate issued or reasonable proof of loss acceptable to the superintendent shall accompany such statement.\n(b) Every statement made pursuant to this section shall be a privileged communication.
New York Legal Code