coverholder

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^[1]:

     This is not something unique to the insurtech sector, but rather applies to all coverholder relationships.