There shall be no liability on the part of, and no cause of action shall arise against, a member insurer or its agents or employees, the association or its agents or employees, members of the board or the superintendent or the superintendent's representatives for an act or omission by them in the performance of their powers and duties pursuant to the Life and Health Insurance Guaranty Association Act. This immunity shall extend to the participation in an organization of one or more other state associations with similar purposes and to that organization and its agents or employees.
History: Laws 1984, ch. 127, § 764; 2012, ch. 9, § 18.
The 2012 amendment, effective July 1, 2012, extended the immunity from liability to participation in other state organizations and to those other state organizations and their agents and employees; in the first sentence, after "the superintendent's representatives for", deleted "any action taken" and added "an act or omission", and after "their powers and duties", deleted "under this article", added the reminder of the sentence and added the last sentence.
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