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.
New York Legal Code