§ 6758. Liability of the Association and the Board members, officers, and employees of the Association
204 words·~1 min read·
/usc/title-15/section-6758A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.
(Pub. L. 106–102, title III, § 328, as added Pub. L. 114–1, title II, § 202(a), Jan. 12, 2015, 129 Stat. 25.)
Connections7 cite this · traces to 3
Cited by 7 sections
U.S. Code
statute-compilations
statutes-at-large
- Public Law 114–1To extend the termination date of the Terrorism Insurance Program established under the Terrorism Risk Insurance Act of 2002, and for other purposes
- Public Law 106–102To enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, insurance companies, and other financial service providers, and for other purposes
Traces to 3 documents
3 references not yet in our index
- Pub. L. 106–102, title III, § 328
- 129 Stat. 25
- 113 Stat. 1427
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§ 6758
Liability of the Association and the Board members, officers, and employees of the Association
Stat. Comp.×2
Stat.×2
U.S.C.×2
Pub. L.×1
Pub. L.Pub. L. 106–102, title III, § 328
Stat.129 Stat. 25
Stat.113 Stat. 1427
Cites 6Cited by 7 across 4 sources