What Does Coverholder Mean?

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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.

Coverholder

Coverholder

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.

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