Insurance Law 8014 — Legislation
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SECTION 8013
Notice of proposed reorganization
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ARTICLE 80
Mutual Holding Company
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SECTION 8015
Limitations of actions; security
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SECTION 8014
Failure to give notice
Insurance (ISC) CHAPTER 28, ARTICLE 80
§ 8014. Failure to give notice. If the reorganizing insurer complies
substantially and in good faith with the requirements of this article
with respect to the giving of any required notice to policyholders, its
failure in any case to give such notice to any person or persons
entitled thereto shall not impair the validity of the actions and
proceedings taken under this article or entitle such person to any
injunctive or other equitable relief with respect thereto, but this
section shall not impair any claim for damages such person or persons
would otherwise have due to such failure.