N.Y. Insurance Law § 3431: Immunity; insurers' reports to insureds, to applicants for insurance and to terminated agents or brokers

§ 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.