coverholder means one authorized by the managing agent of an insurance syndicate to enter into policies on its behalf. Lexicurio rates it Sui generis — a strength score of 100 out of 100.
Etymology
From cover + holder.
noun
- One authorized by the managing agent of an insurance syndicate to enter into policies on its behalf.“This is not something unique to the insurtech sector, but rather applies to all coverholder relationships.”