Coverholder definition
Coverholder means a company or partnership authorised by a managing agent to enter into, in accordance with the terms of a binding authority, a contract or contracts of insurance to be underwritten by the members of a syndicate managed by that managing agent;
Coverholder means a company (often an insurance broker) authorised to enter into contracts of insurance, on behalf of an insurer, in accordance with the terms of a BAA;
Coverholder means;
Examples of Coverholder in a sentence
Any notice to the Underwriters may be validly given to the Coverholder.
The Coverholder shall carry out regular testing and updating of the plan.
Any Party (not being the Coverholder) entering into a contract of insurance which is subject to this Agreement.
The Coverholder warrants that it is authorised to conduct Insurance Business from the date of this Agreement.
The format of any contract documentation to be issued by the Coverholder shall be as stated in 20.5 of the Schedule and agreed by the Underwriters prior to use.
More Definitions of Coverholder
Coverholder means a person authorised under a binding authority agreement to accept or to issue documents related to contracts of insurance evidencing the acceptance of risks or commitments on behalf of a member of Lloyd’s granting such authority pursuant to such agreement;
Coverholder means Arc Legal Assistance Ltd trading as General Legal Protection who administers this insurance and handles claims under this insurance on Our behalf
Coverholder means Miller Insurance Services LLP, 70 Mark Lane, London EC3R 7NQ, United Kingdom who have been authorized by the Underwriters, in accordance with the terms and conditions of Binding Authority Agreement No. B0621PFDO20314, to effect coverage on Underwriters’ behalf as set out in the Policy
Coverholder means The Coverholder whose details are stated in the Schedule.
Coverholder means a company or partnership authorised by an insurer to enter into a contract or contracts of insurance to be underwritten by the insurer. Such contracts will be managed by the “Coverholder” in accordance with the terms of a binding authority. The most common method is to delegate authority to a “Coverholder” under the term of a binding authority contract. However, other forms of delegation are also addressed in this guidance.
Coverholder means a person authorised to enter into a contract or contracts of insurance to be underwritten by the members of a syndicate or syndicates in accordance with the terms of a binding authority;
Coverholder means a company or partnership authorised by a Lloyd’s managing agent to enter into contracts of insurance to be underwritten by the syndicate in accordance with the terms of a binding authority.