Muzaffarpur is a city in the Muzaffarpur district, situated on the banks of the Burhi Gandak River in the Tirhut division of the Indian state of Bihar. It serves as the administrative headquarters of both the Tirhut division and the Muzaffarpur district. Muzaffarpur is the fourth most populous city in Bihar and is often referred to as the Capital of North Bihar.

The city is renowned for its Shahi lychee, earning it the nickname Lychee Kingdom of India.

A study conducted by the Government of Bihar identified Muzaffarpur, along with Patna, Vaishali, Gaya, and Begusarai, …

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

---

“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.