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.
S.D. Codified Laws § 58-29C-60
No liability for performance of powers and duties of association or its members
Known as the South Dakota Life and Health Insurance Guaranty Association Act
The act spans §§ 58-29C-1 to 58-29C-62 (20 sections).
Source: SL 2003, ch 252, § 17; SL 2013, ch 252, § 9.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.