Chapter 54: MAINE INDIVIDUAL REINSURANCE ASSOCIATION
§3904. Liability and indemnification
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; any insurer belonging to the association or its agents, employees or producers; or the superintendent for any action or omission in good faith in the performance of powers and duties pursuant to this chapter.
[ 2007, c. 629, Pt. A, §8 (NEW) .]
2. Indemnification. The board in its bylaws or rules may provide for indemnification of, and legal representation for, its members and employees.
Chapter 54: MAINE INDIVIDUAL REINSURANCE ASSOCIATION
§3904. Liability and indemnification
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; any insurer belonging to the association or its agents, employees or producers; or the superintendent for any action or omission in good faith in the performance of powers and duties pursuant to this chapter.
[ 2007, c. 629, Pt. A, §8 (NEW) .]
2. Indemnification. The board in its bylaws or rules may provide for indemnification of, and legal representation for, its members and employees.
Chapter 54: MAINE INDIVIDUAL REINSURANCE ASSOCIATION
§3904. Liability and indemnification
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; any insurer belonging to the association or its agents, employees or producers; or the superintendent for any action or omission in good faith in the performance of powers and duties pursuant to this chapter.
[ 2007, c. 629, Pt. A, §8 (NEW) .]
2. Indemnification. The board in its bylaws or rules may provide for indemnification of, and legal representation for, its members and employees.
