(a) Liability does not exist and a cause of action does not arise against any of the following persons for an act or omission in the performance of an activity related to the negotiations relating to the privatization of the former Texas workers' compensation facility:
(1) the commissioner or the commissioner's representative;
(2) the association or the association's agent or employee;
(3) a member insurer; or
(4) a board member.
(b) This section applies to each activity undertaken by a person described by Subsection (a), regardless of the date of the act or omission.