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How do I become a Lloyds Coverholder?

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How do I become a Lloyds Coverholder?

Question is from ascot insurance subject

The question was posed to me during a job interview.

Other related questions to my question are:

How do I become a Lloyds Coverholder?

What does it mean to be a Coverholder at Lloyds?

What is the difference between an MGA and a Coverholder?

What is a Lloyd's consortium?

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The correct answer by me is: All firms wishing to become an approved Coverholder must complete the application process. Each applicant requires a sponsoring Lloyd's Broker and Managing Agent, who perform their own due diligence of the application before it is submitted to the Lloyd's Delegated Authority Team for review.

The title of my answer is New Coverholder Applications

 You can read more about by answer on Lloyd's

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