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1[64C. Councils of Life Insurance and General Insurance.--On and from the date of
commencement of this Act, --
(a) the existing Life Insurance Council, a representative body of the insurers, who carry on the
life insurance business in India; and
(b) the existing General Insurance Council, a representative body of insurers, who carry on
general, health insurance business and re-insurance in India,
shall be deemed to have been constituted as the respective Councils under this Act.]
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1. Subs. by s. 71, ibid., for sections 64C and 64D (w.e.f. 26-12-2014).