Section 11772 Of Article 1. Organization And Powers From California Insurance Code >> Division 2. >> Part 3. >> Chapter 4. >> Article 1.

. There shall not be any liability in a private capacity on the part of the board of directors or any member thereof, or any officer or employee of the fund for or on account of any act performed or obligation entered into in an official capacity, when done in good faith, without intent to defraud and in connection with the administration, management or conduct of the fund or affairs relating thereto.