Yes, that is the law. You are required not to broadcast death and to create circumstances in which the likelihood of this is minimised.
That's not calling for censorship because it doesn't preclude a level of consensual harm that doesn't lead to high risk of death.
As I said earlier, your point stands: it is not for these platforms to act as moral compasses for viewers of consensual but provocative content.
However, that's irrelevant to the law which wants to avoid incentivising people dying / being killed on broadcast streams for a profit.
I think this is ratified by the fact that there will be less of a burden of blame on the service provider if this proves not to be the case