There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer or its agents or employees, the Association or its agents or employees, members of the Board of Directors, or the Commissioner or his or her representatives for any action taken by them in the performance of their powers and duties under this chapter. (Added 1971, No. 170 (Adj. Sess.), § 2, eff. April 27, 1972.)