(a) There shall be no liability on the part of and no cause of action shall arise against: (1) The Insurance Commissioner;(2) Any insurer or its authorized representatives, agents or employees;(3) Any licensed insurance agent or broker; or(4) Any person furnishing information to an insurer as to reasons for a termination or declination for any communication giving notice of or specifying the reasons for a declination.(b) Subsection (a) of this section shall not apply to statements made in bad faith with malice in fact.65 Del. Laws, c. 199, §1.;