coverholder

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English

Etymology

From cover +‎ holder.

Noun

coverholder (plural coverholders)

  1. (business, insurance) One authorized by the managing agent of an insurance syndicate to enter into policies on its behalf.
    • 2024 May 20, “Protection of innovation: avoiding the risk of disputes in coverholder agreements”, in The Insurer:
      This is not something unique to the insurtech sector, but rather applies to all coverholder relationships.