Section 39. Section 95, in sub-section (1), for "In this Part

39. Section 95, in sub-section (1), for "In this Part — ", substitute "In this Part, before the date of commencement of the Insurance Regulatory and Development Authority Act, 1999, — ". — 40. Section 101A, (a) in sub-section (1), for "the Central Government", substitute "the Authority, with the previous approval of the Central Government,"; (b) in sub-section (2), for "the Central Government", substitute "the Authority". — 41. Section 101B, (a) in sub-section (1), for "the Central Government", substitute "the Authority with the previous approval of the Central Government."; (b) in sub-section (2), for "prescribed", substitute "determined by the regulations made by the Authority".