15 U.S.C. § 6758 — Liability of the Association and the Board members, officers, and employees of the Association

(a) In general The Association must 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) Liability of Board members, officers, and employees No Board member, officer, or employee of the Association must 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.