Title 15 — Commerce and TradeRelease 119-73not60
§6758 Liability of the Association and the Board Members, Officers, and Employees of the Association
Title 15 › Chapter 93— INSURANCE › Subchapter III— NATIONAL ASSOCIATION OF REGISTERED AGENTS AND BROKERS › § 6758
Summary
The Association is not an insurer or insurance producer under state law and so avoids taxes, solvency rules, guaranty funds, assessments, and claims‑settlement rules. Officials and employees can't be sued personally for good‑faith acts or omissions.
Full Legal Text
Title 15, §6758
Commerce and Trade — Source: USLM XML via OLRC
(a)The Association shall not be deemed to be an insurer or insurance producer within the meaning of any State law, rule, regulation, or order regulating or taxing insurers, insurance producers, or other entities engaged in the business of insurance, including provisions imposing premium taxes, regulating insurer solvency or financial condition, establishing guaranty funds and levying assessments, or requiring claims settlement practices.
(b)No Board member, officer, or employee of the Association shall be personally liable to any person for any action taken or omitted in good faith in any matter within the scope of their responsibilities in connection with the Association.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
Provisions similar to this section were contained in section 6761 of this title, prior to the general amendment of this subchapter by Pub. L. 114–1. A prior section 6758, Pub. L. 106–102, title III, § 328, Nov. 12, 1999, 113 Stat. 1427, related to bylaws, rules, and disciplinary action, prior to the general amendment of this subchapter by Pub. L. 114–1. See section 6755 of this title.
Reference
Citations & Metadata
Citation
15 U.S.C. § 6758
Title 15 — Commerce and Trade
Last Updated
Apr 3, 2026
Release point: 119-73not60