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3[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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