What does Coverholder mean? Read on to discover the definition & meaning of the term Coverholder - to help you better understand the language used in insurance policies.
A coverholder is a party that helps insurance companies write policies, collect premiums, and perform other duties in markets that are outside the insurance company's headquarters or normal territory. Coverholders play a key role in helping insurance companies expand their operations and reach new markets or regions.
We hope the you have a better understanding of the meaning of Coverholder.