58-29C-60. No liability for performance of powers and duties of association or its members.
There is no liability on the part of and no cause of action of any nature may 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 director or the director's representatives, for any action or omission 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.
Source: SL 2003, ch 252, §17; SL 2013, ch 252, §9.
Structure South Dakota Codified Laws
Chapter 29C - Life And Health Insurance Guaranty Association
Section 58-29C-44 - Short title.
Section 58-29C-45 - Purpose of chapter--Creation of association.
Section 58-29C-46 - Persons provided with coverage--Policies and portions of policies not covered.
Section 58-29C-47 - Construction of chapter.
Section 58-29C-48 - Definitions.
Section 58-29C-50 - Board of directors--Appointment and term--Vacancies--Compensation.
Section 58-29C-51 - Impaired or insolvent member--Actions authorized.
Section 58-29C-53 - Plan of operation--Effective date--Requirements--Delegation of powers.
Section 58-29C-54 - Duties and powers of director.
Section 58-29C-56 - Member assessment as offset against premium tax liability.
Section 58-29C-58 - Association subject to regulation by director--Financial report.
Section 58-29C-59 - Association's tax exemption status.
Section 58-29C-60 - No liability for performance of powers and duties of association or its members.
Section 58-29C-61 - Stay of proceedings against insolvent insurer--Default judgment set aside.