What is the application process?
An overview of the Lloyd's coverholder application process, how to submit an application and important requirements.
Lloyd’s coverholders need to be approved. Approved coverholders may be based anywhere in the world and usually have authority to enter into contracts of insurance, or issue insurance documents as evidence of risks accepted, under what is known as a ‘registered binding authority’.
The coverholder application process covers the following areas:
- Application form and guidance notes
- Submitting an application
- The Coverholder Undertaking to Lloyd's
- Reporting standards
- Anti Money Laundering and International Sanctions guidance for coverholders
The coverholder application process
