Section 31: Offences by body corporate

(1)
Where an offence under this Act committed by any body corporate, including a registered insurer, is proved to have been committed with the consent or connivance of, or to be attributable to any neglect on the part of, any director, manager, secretary or other similar officer of the body corporate, or any person who was purporting to act in any such capacity, he, as well as the body corporate, shall be guilty of that offence and liable to be proceeded against and punished accordingly.
(2) Where the affairs of a body corporate established under any enactment are managed by its members, with or without directors, the expression "director" as used in subsection (1) of this section, shall in proper case include any such member.