Introduction
Following approval it may be necessary for a coverholder's permissions or details to be changed. These procedures were updated in July 2006 and announced in the following bulletin:
Download streamlining of coverholder post approval procedures, Y3847 - 4 July 2006 (288KB, pdf)Download regional extensions to coverholder approvals, Y4123 - 4 February 2008 (207KB, pdf)
Conditions of a coverholder's approval can be seen on the binding authority registration (BAR) website under coverholder details. Any documents or information requested by the Delegated Authorities Team should be supplied by the coverholder's Lloyd's broker or direct-dealing managing agent.
Changes in details
There are several specific areas where forms/procedures exist for changing a coverholders details:
Change of name and/or addressAdding a broker's interestAdding a managing agent's interestRegional extensionsAdditional classes of businessChange in ownership
Submitting requests
All requests should be submitted via Atlas as per the following bulletin:
04 March 2009 - Atlas system to be used for all Coverholder Applications and post approval changes, Y4245 (38KB, pdf)
Queries
If you have any queries please contact your compliance officer in the first instance who will be able to advise you who to contact in your organisation.
