Section 31: A. Liability of director of specified insurer- A director of a specified insurer who is not its whole-time director shall be held liable only in respect of such acts of omission or commission of the specified insurer which had been committed with his knowledge, attributable through board processes, and with his consent or connivance or where he had not acted diligently

Q: What does Section 31 of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) deal with?

Section 31 TGIBNA pertains to "A. Liability of director of specified insurer- A director of a specified insurer who is not its whole-time director shall be held liable only in respect of such acts of omission or commission of the specified insurer which had been committed with his knowledge, attributable through board processes, and with his consent or connivance or where he had not acted diligently". It is part of the The General Insurance Business (Nationalisation) Act, 1972, a legislation enacted by the Parliament of India. Section 31 of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) governs a. Liability of director of specified insurer- A director of a specified insurer who is not its whole-time director shall be held liable only in respect of such acts of omission or commission of the specified insurer which had been committed with his knowledge, attributable through board processes, and with his consent or connivance or where he had not acted diligently. As verified on 22 May 2026.

Q: Is Section 31 TGIBNA still in force?

Yes, Section 31 of the The General Insurance Business (Nationalisation) Act, 1972 is currently in force across the Republic of India.

Q: What is धारा 31 TGIBNA?

धारा 31 TGIBNA is the Devanagari Hindi reference for Section 31 of the The General Insurance Business (Nationalisation) Act, 1972. Section 31 of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) governs a. Liability of director of specified insurer- A director of a specified insurer who is not its whole-time director shall be held liable only in respect of such acts of omission or commission of the specified insurer which had been committed with his knowledge, attributable through board processes, and with his consent or connivance or where he had not acted diligently. As verified on 22 May 2026.

Q: What is Dhara 31 TGIBNA?

Dhara 31 TGIBNA is the Roman Hindi reference for Section 31 of the The General Insurance Business (Nationalisation) Act, 1972. "Dhara" means "Section" in Hindi. Section 31 of The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA) governs a. Liability of director of specified insurer- A director of a specified insurer who is not its whole-time director shall be held liable only in respect of such acts of omission or commission of the specified insurer which had been committed with his knowledge, attributable through board processes, and with his consent or connivance or where he had not acted diligently. As verified on 22 May 2026.

Q: How to cite Section 31 of The General Insurance Business (Nationalisation) Act, 1972?

Cite as: "Section 31, The General Insurance Business (Nationalisation) Act, 1972 (TGIBNA)" in legal briefs. For academic writing, use the BlueBook format: The General Insurance Business (Nationalisation) Act, 1972, 1972, § 31 (India).

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Explanation.—For the purposes of this section, the reference to "board " shall include committees of the board.'.