Coverholder

{
  "id": "MLC-T-INS-001014",
  "term": "Coverholder",
  "field": "Insurance and risk management",
  "definition": "An insurance intermediary, typically a broker or agent, authorized by an insurer to underwrite and issue policies on its behalf within a defined territory or for specific classes of business. This arrangement, common in the Lloyd's market, allows the coverholder to act as a mini-insurer, binding risks and handling claims. They operate under a binding authority agreement.",
  "url": "https://mlchart.com/terminology/insurance/coverholder/"
}