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of <h1>Section 43 of Life Insurance Corporation Act 1956: Application of Insurance Act Sections & Central Government Notification Powers.</h1> Section 43 of the Life Insurance Corporation Act, 1956, outlines the application of certain sections of the Insurance Act to the Corporation. It specifies that several sections of the Insurance Act apply to the Corporation similarly as they do to other insurers. The Central Government is empowered to notify additional sections of the Insurance Act to apply to the Corporation, subject to specified conditions and modifications. Notifications must be presented to Parliament for review. The provision clarifies that, except as specified, the Insurance Act does not apply to the Corporation.
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