§ 3431. Immunity; insurers' reports to insureds, to applicants for
insurance and to terminated agents or brokers. (a) In any written notice
of:

(1) refusal to issue,

(2) cancellation,

(3) reduction of limits,

(4) substitution of policy form,

(5) elimination of coverages,

(6) conditioned renewal,

(7) non-renewal, or

(8) termination or refusal to renew a contract or account of a
licensed agent or broker, or in any other communication, oral or
written, specifying the reasons for such action, there shall be no
liability on the part of, and no cause of action of any nature shall
arise against any insurer, its authorized representatives, agents, or
employees or any licensed agent or broker for any statement made in good
faith by any of them or for providing information pertaining thereto or
for statements made or evidence submitted at any hearings in connection
therewith.

(b) Subsection (a) hereof shall provide immunity with respect to all
obligations and duties performed pursuant to sections three thousand
four hundred twenty-five, three thousand four hundred twenty-six, three
thousand four hundred twenty-nine and three thousand four hundred
thirty-three of this article.

(c) Notwithstanding subsection (a) hereof in the case of any statement
made pursuant to section three thousand four hundred twenty-six of this
article, there shall be no liability unless the statement is shown to
have been in bad faith and with malice in fact.