Section 102: Penalty for default in complying with, or act in contravention of, this Act

Q: What does Section 102 of The Insurance Act, 1938 (TIA) deal with?

Section 102 TIA pertains to "Penalty for default in complying with, or act in contravention of, this Act". It is part of the The Insurance Act, 1938, a legislation enacted by the Parliament of India. Section 102 of The Insurance Act, 1938 (TIA) prescribes penalty for default in complying with, or act in contravention of, this Act. As verified on 22 May 2026.

Q: Is Section 102 TIA still in force?

Yes, Section 102 of the The Insurance Act, 1938 is currently in force across the Republic of India.

Q: What is धारा 102 TIA?

धारा 102 TIA is the Devanagari Hindi reference for Section 102 of the The Insurance Act, 1938. Section 102 of The Insurance Act, 1938 (TIA) prescribes penalty for default in complying with, or act in contravention of, this Act. As verified on 22 May 2026.

Q: What is Dhara 102 TIA?

Dhara 102 TIA is the Roman Hindi reference for Section 102 of the The Insurance Act, 1938. "Dhara" means "Section" in Hindi. Section 102 of The Insurance Act, 1938 (TIA) prescribes penalty for default in complying with, or act in contravention of, this Act. As verified on 22 May 2026.

Q: How to cite Section 102 of The Insurance Act, 1938?

Cite as: "Section 102, The Insurance Act, 1938 (TIA)" in legal briefs. For academic writing, use the BlueBook format: The Insurance Act, 1938, 1938, § 102 (India).

Law on Tips Editorial Board

If any person, who is required under this Act, or rules or regulations made thereunder,—

to furnish any document, statement, account, return or report to the Authority, fails to furnish the same; or
to comply with the directions, fails to comply with such directions;
to maintain solvency margin, fails to maintain such solvency margin;
to comply with the directions on the insurance treaties, fails to comply with such directions on the insurance treaties,