Mohali, officially Sahibzada Ajit Singh Nagar or Ajitgarh, is a planned city in the Mohali district in Punjab, India, which is an administrative and a commercial hub lying south-west of Chandigarh. It is the headquarters of the Mohali district and one of the six Municipal Corporations of the State. It is officially named after Sahibzada Ajit Singh, the eldest son of Guru Gobind Singh.

Mohali has developed rapidly as an IT hub of the state of Punjab, and has thus grown in importance. The Government of Punjab has initiated significant infrastructure and recreation projects in attempts …

You can get more details about Mohali in Wikipedia link https://en.wikipedia.org/wiki/Mohali

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“Insurance Broker” means a person who is a direct broker, a reinsurance broker or a composite broker for the time being registered by the Authority, as the case may be, unless expressly stated to the contrary

“Principal Officer” means - an officer in an executive role designated as such for the purpose of performing the duties and responsibilities as specified in these regulations to carry out the functions of an insurance broker and who shall be the chief executive officer or a whole-time director or managing director, managing partner or a managing trustee or such individual appointed / engaged exclusively to carry out the functions of an insurance broker

Categories of the Insurance brokers – (a) direct broker (life) (b) direct broker (general) (c) direct broker (life & general) (d) reinsurance broker (e) composite broker

“Direct Broker” means an Insurance Broker, registered by the Authority, who for a remuneration and/or a Fee, solicits and arranges insurance business for its clients with insurers located in India and/or provides claims consultancy, Risk Management services or other similar services, permitted under these regulations.

“Reinsurance Broker” means an Insurance Broker, registered by the Authority who for a remuneration and/or a Fee, solicits and arranges re-insurance for its clients with insurers and/or re-insurers located in India and/or abroad; and/or provides claims consultancy, Risk Management services or other similar services, permitted under these regulations

“Composite Broker” means an Insurance Broker, registered by the Authority who for a remuneration and/or a fee, solicits and arranges insurance and/or re-insurance for its clients with insurers and/or re-insurers located in India and/or abroad; and/or provides claims consultancy, Risk Management services or other similar services, permitted under these regulations.