Sec. 328. LIABILITY OF THE ASSOCIATION AND THE BOARD MEMBERS, OFFICERS, AND EMPLOYEES OF THE ASSOCIATION
133 words·~1 min read·
/statute-compilations/comps-272/sec-328A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 328 LIABILITY OF THE ASSOCIATION AND THE BOARD MEMBERS, OFFICERS, AND EMPLOYEES OF THE ASSOCIATION **[**[15 U.S.C. 6758](/us/usc/t15/s6758)**]** ###
(a)In General The Association shall not be deemed to be an insurer or insurance producer within the meaning of any State law, rule, regulation, or order regulating or taxing insurers, insurance producers, or other entities engaged in the business of insurance, including provisions imposing premium taxes, regulating insurer solvency or financial condition, establishing guaranty funds and levying assessments, or requiring claims settlement practices. ###
(b)Liability of Board Members, Officers, and Employees No Board member, officer, or employee of the Association shall be personally liable to any person for any action taken or omitted in good faith in any matter within the scope of their responsibilities in connection with the Association.
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 328
LIABILITY OF THE ASSOCIATION AND THE BOARD MEMBERS, OFFICERS, AND EMPLOYEES OF THE ASSOCIATION
Cites 1Cited by 0 across 0 sources