binding authority(A Binding Authority is an agreement whereby an Insurer delegates underwriting authority to another party known as the Coverholder. The Coverholder is usually an Insurance Broker or Underwriting Agent and will act in all respects as the actual Insurer. 4uzhoj)
insurance carrier(An insurance carrier is a company that sells insurance. The term carrier is used interchangeably with insurance company, insurance agency, insurance provider and insurance brokerage. Insurance carriers sell policies, like home, auto and life insurance, directly to consumers.coverage.comhizman)
