law: Life Insurance Corporation Act, 1956 
  31. Exception in the
  
  case of insurance business in respect of persons residing outside India.- 
  1.     
  
    Notwithstanding
  
  anything contained in section 30 or in the Insurance Act, the Central
  
  Government may, by order, permit person who has made an application in that
  
  behalf, to carry on life insurance business in India, in respect of the lives
  
  of persons ordinarily resident outside India, subject to such restrictions and
  
  conditions as may be specified in the order and any such order shall be deemed
  
  to have effect as if it were a certificate of registrations issued by the
  
  Controller to such person under section 3 of the Insurance Act in respect of
  
  that class of business.
  2.     
  
    Nothing
  
  in sub-section (1) shall authorise any person permitted to carry on life
  
  insurance business of the nature referred to in that sub-section, to insure the
  
  life of any person ordinarily resident outside India, during any period of his
  
  temporary residence in India.