Section 31A: Provisions relating to managers, etc

Q: What does Section 31A of The Insurance Act, 1938 (TIA) deal with?

Section 31A TIA pertains to "Provisions relating to managers, etc". It is part of the The Insurance Act, 1938, a legislation enacted by the Parliament of India. Section 31A of The Insurance Act, 1938 (TIA) governs provisions relating to managers, etc. As verified on 22 May 2026.

Q: Is Section 31A TIA still in force?

Yes, Section 31A of the The Insurance Act, 1938 is currently in force across the Republic of India.

Q: What is धारा 31A TIA?

धारा 31A TIA is the Devanagari Hindi reference for Section 31A of the The Insurance Act, 1938. Section 31A of The Insurance Act, 1938 (TIA) governs provisions relating to managers, etc. As verified on 22 May 2026.

Q: What is Dhara 31A TIA?

Dhara 31A TIA is the Roman Hindi reference for Section 31A of the The Insurance Act, 1938. "Dhara" means "Section" in Hindi. Section 31A of The Insurance Act, 1938 (TIA) governs provisions relating to managers, etc. As verified on 22 May 2026.

Q: How to cite Section 31A of The Insurance Act, 1938?

Cite as: "Section 31A, The Insurance Act, 1938 (TIA)" in legal briefs. For academic writing, use the BlueBook format: The Insurance Act, 1938, 1938, § 31A (India).

Law on Tips Editorial Board

(1)

Notwithstanding anything to the contrary contained in the Indian Companies Act, 1913 ( 7 of 1913 ), or in the articles of association of the insurer, if a company, or in any contract or agreement, no insurer shall after expiry of one year from the commencement of the Insurance (Amendment) Act, 1950 ( 47 of 1950 ), —

(2)

Notwithstanding anything to the contrary contained in the Indian Companies Act, 1913 ( 7 of 1913 ), or in the articles of association of the insurer, being a company, or in any contract or agreement, no manager, managing director or any other person concerned in the management of an insurer's business shall be entitled to nominate a successor to hi s office, and no person so nominated, whether before or after the commencement of the Insurance (Amendment) Act, 1950 ( 47 of 1950 ), shall be entitled to hold or to continue in such office.

(3)

If in the case of any insurance company provision is made by the articles of association of the company or by an agreement entered into between any person and the company for empowering a director or manager or other officer of the company to assign hi s office to any other person, any assignment of office made in pursuance of the said provision, shall, notwithstanding anything to the contrary contained in the said provisionor in any other law for the time being in force be void.

(4)

No person shall have any right, whether in contract or otherwise, to any compensation for any loss incurred by reason of the operation of any provision of this section.