# 30 Corporation to have the exclusive privilege of carrying on life insurance business
Except to the extent otherwise expressly provided in this Act, on and from the appointed day the Corporation shall have the exclusive privilege of carrying on life insurance business in India; and on and from the said day any certificate to registration under the Insurance Act held by any insurer immediately before the said day shall cease to have effect in so far as it authorises him to carry on life insurance business in India.
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27
Annual report of activities of Corporation28
Surplus from life insurance business, how to be utilised28A
Profits from any business (other than life insurance business) how to be utilised29
Reports to be laid before Parliament30A
Exclusive privilege of Corporation to cease31
Exception in the case of insurance business in respect of persons residing outside India32
Power of Corporation to have official seal in certain cases
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