Insurance Code section 11772

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.

Source: Section 11772, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=INS§ionNum=11772.­ (updated Jan. 1, 1945; accessed Nov. 3, 2025).

Green check means up to date. Up to date

Verified:
Nov. 3, 2025

§ 11772's source at ca​.gov