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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 6758 Liability of the Association and the Board members, officers, and employees of the Association us united_states_code code_section 15 COMMERCE AND TRADE 93 INSURANCE 6758 15 U.S.C. § 6758 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s6758 data/legal/raw/us/code/title-15/usc15.xml 40629fee4ee682ef5715aece5a6d868bcfcefd17cd2873a4ba3b5d6968785698 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 afa1df87d469c408f6b675b9d8afc3bd0b7921637590040fcfad23264b68541a 2026-07-04 official
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15 U.S.C. § 6758 - Liability of the Association and the Board members, officers, and employees of the Association

Text

(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. 106102, title III, § 328, as added Pub. L. 1141, title II, § 202(a), Jan. 12, 2015, 129 Stat. 25.)

Notes

Editorial Notes

Prior ProvisionsProvisions similar to this section were contained in section 6761 of this title, prior to the general amendment of this subchapter by Pub. L. 1141. A prior section 6758, Pub. L. 106102, title III, § 328, Nov. 12, 1999, 113 Stat. 1427, related to bylaws, rules, and disciplinary action, prior to the general amendment of this subchapter by Pub. L. 1141. See section 6755 of this title.