Cap. 403 Art. 46Contracts of insurance not voidablebyinsurer notwithstanding a breach of this Act or of the Insurance Distribution Act.

No contract of insurance shall be held void or voidable by an insurer by reason only that, at the time the contract is entered into, there is a breach of any provision of this Act or of the

Insurance Distribution Act, (in this article referred to as "the Act") and of any regulations made under this Act or under the Act, or of any

Insurance Rules or Conduct of Business Rules issued in virtue of this

Act, or of any Insurance Distribution Rules or Conduct of Business Rules issued in virtue of the Act.