(a) A member insurer or its agents or employees, the Corporation or its agents or employees, members of the Board of Directors, and the Commissioner or the Commissioner’s representatives shall have the immunity from liability described in § 5–413 of the Courts Article for any action or omission taken by them in the performance of their powers and duties under this subtitle.
(b) The immunity under subsection (a) of this section shall extend to:
(1) the Corporation as a participant in an organization of one or more other state associations of similar purposes to the Corporation; and
(2) the agents or employees of an organization in which the Corporation is a participant under item (1) of this subsection.
Structure Maryland Statutes
Subtitle 4 - Life and Health Insurance Guaranty Corporation Act
Section 9-402 - Purpose of Subtitle
Section 9-403 - Scope of Subtitle
Section 9-406 - Board of Directors
Section 9-407 - Powers and Duties of Corporation
Section 9-407.1 - Assumption of Reinsurance Contracts
Section 9-408 - Additional Powers of Corporation
Section 9-410 - Plan of Operation
Section 9-411 - Duties and Powers of Commissioner; Judicial Review; Notice of Effect of Subtitle
Section 9-412 - Detection and Prevention of Insurer Impairments
Section 9-413 - Special Deputy
Section 9-414 - Miscellaneous Provisions
Section 9-415 - Examination and Regulation; Financial Report
Section 9-416 - Exemption From Payment of Fees and Taxes
Section 9-417 - Immunity From Liability