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What is a Coverholder at Lloyds?

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What is a Coverholder at Lloyds?

The above asked question is from ascot insurance

The question was asked in homework.

Other related questions to my question are:

What is the difference between an MGA and a Coverholder?

How do I become a Lloyds Coverholder?

What is a service company Coverholder?

Is a Coverholder a broker?

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Right answer is: “Coverholder” means a company or partnership authorised by a Managing Agent to enter into a contract or contracts of insurance to be underwritten by the members of a syndicate managed by it in accordance with the terms of a Binding Authority.

The title of my answer can be About Coverholders

My answer's reference is Lloyd's

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