Maine § 24-A §3954 Liability and indemnification

Maine Statutes

§ 24-A §3954 — Liability and indemnification

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 54-A MAINE GUARANTEED ACCESS REINSURANCE ASSOCIATION ACT

1.Liability. The board and its employees may not be held liable for any obligations of the association. A cause of action may not arise against the association; the board, its agents or its employees; a member insurer or its agents, employees or producers; or the superintendent for any action or omission in the performance of powers and duties pursuant to this chapter.

2.Indemnification. The board may provide in its bylaws or rules for indemnification of, and legal representation for, its members and employees.

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1.
Liability.
The board and its employees may not be held liable for any obligations of the association. A cause of action may not arise against the association; the board, its agents or its employees; a member insurer or its agents, employees or producers; or the superintendent for any action or omission in the performance of powers and duties pursuant to this chapter.
2.
Indemnification.
The board may provide in its bylaws or rules for indemnification of, and legal representation for, its members and employees.

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