Application of Insurance Act to the Corporation clarifies applicable provisions and mandates government notifications and parliamentary review. Section 43 governs which provisions of the Insurance Act apply to the Corporation by listing sections that apply directly, granting the Central Government authority to notify additional provisions subject to conditions and modifications, and requiring that such notifications be laid before both Houses of Parliament for review. It adapts section 42 to allow an officer of the Corporation authorised by the Authority to issue agent licences, and otherwise preserves that the Insurance Act does not apply to the Corporation except as provided.