2.__Stipulations.__The parties may at any time stipulate in proceedings under section 493 or 494 to entry of an order directing that specific information contained in an insurance compliance self-audit document is or is not subject to the privilege provided under section 492.

§496.__Exclusions

The privilege set forth in section 492 does not extend to any of the following:

1.__Required information.__Documents, communications, data, reports or other information required to be collected, developed, maintained, reported or otherwise made available to a regulatory agency pursuant to this code or other federal or state law, rule or order;

2.__Regulatory information.__Information obtained by observation or monitoring by any regulatory agency; or

3.__Independent information.__Information obtained from a source independent of the insurance compliance self-audit.

§497.__Effect on existing privileges

Nothing in this section limits, waives or abrogates the scope or nature of any statutory or common law privilege including, but not limited to, the work product doctrine, the attorney-client privilege or the subsequent remedial measures exclusion.

§498.__Immunities

An insurer is immune from the imposition of all penalties under the state insurance laws for any violations of those laws if:

1.__Violation subject of audit.__The violations were the subject of an insurance compliance self-audit; and

2.__Corrective measures.__The insurer has taken reasonable steps to correct such violations within 90 days of the conclusion of an insurance compliance self-audit.

§499.__Confidentiality