Virginia Code 38.2-1615: No liability for action taken in good faith.
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There shall be no liability on the part of and no cause of action shall arise against any member insurer, the Association or its agents or employees, the board of directors, or the Commission or its representatives for any action taken or statement made by them in good faith in the performance of their powers and duties under this chapter. The Association’s board of directors shall not incur any civil liability for any statements made in good faith under this provision.
Terms Used In Virginia Code 38.2-1615
- Association: means the Virginia Property and Casualty Insurance Guaranty Association created under § Virginia Code 38.2-1603
- Commission: means the State Corporation Commission. See Virginia Code 38.2-100
- Insurer: means an insurance company. See Virginia Code 38.2-100
1970, c. 766, § 38.1-772; 1986, c. 562.