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1[64VC. Restrictions on opening of new place of business.--No insurer shall, after the
commencement of the Insurance (Amendment) Act, 1968 (62 of 1968), open a new place of business or
close a place in India or outside India or change otherwise than within the same city, town or village, the
location of an existing place of business situated in India or outside India, except in the manner as may be
specified by the regulations.]
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1. Subs. by Act 5 of 2015, s. 84, for section 64VC (26-12-2014).