There shall be no liability on the part of, and no cause of action of any nature shall arise against, any member insurer or its agents or employees, the Association or its agents or employees, members of the board of directors, or the Commission or its representatives, for any action taken by them in the performance of their powers and duties under this chapter. This immunity shall extend to the participation in any organization of one or more other state associations of similar purposes and to any such organization and its agents or employees.
1976, c. 330, § 38.1-482.31; 1986, c. 562; 2010, c. 510.
Structure Code of Virginia
Chapter 17 - Virginia Life, Accident and Sickness Insurance Guaranty Association
§ 38.2-1700. Purpose and applicability of chapter
§ 38.2-1702. Association; creation; memberships; accounts; supervision
§ 38.2-1703. Board of directors of Association
§ 38.2-1704. Powers and duties of Association
§ 38.2-1706. Plan of operation
§ 38.2-1707. Duties and powers of the Commission
§ 38.2-1708. Detection and prevention of insolvencies
§ 38.2-1709. Tax write-offs of certificates of contributions
§ 38.2-1710. Miscellaneous provisions
§ 38.2-1711. Examination of the Association; annual report
§ 38.2-1714. Stay of proceedings; reopening default judgments
§ 38.2-1716. Purpose and applicability of article
§ 38.2-1718. Financing the safety fund, maximum amount, distribution of excess
§ 38.2-1719. Investment of safety fund