Section 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.