Insurance Certificate is a document which contains all of the information about different types of insurance and provide instruction and information’s about specific insurance coverage. These insurance companies contains information’s about different types of insurance policies and about insurance companies, limit of coverage, insurance policy, policy number, broker name and the effects of policies.
Insurance Certificate is used to give the details about insurance, about some specific rules which are confirmed before signing a contract between policy holder and insurance broker. It also provides the basic details of insurance principles, disciplines and product details which take apart in insurance. The Insurance Certificate should have the same information’s which are in actual policies and it should be reliable source of information’s for any person who wants to hold any policy. Insurance Certificate is basically an agreement between the policy holder and insurance company, which contains all details about the insurance policy. But this Certificate should not be assigned to the third party which take party on the behalf of policy holder. But this certificate is not acceptable in making any claim. Insurance Certificate provide the knowledge about insurance policy. This certificate may also contain any additional condition which include in contract on the behalf of policy holder and it may also be something which a insurer wants to cancel it. But this Insurance Certificate will contain and cover all of the details about insurance policy which anyone purchase. This Insurance Certificate is basically played the role of a conjunction and relationship between insurance company and policy holder. These Certificates are usually signed there, where the large loss is concern. Like if a company wants to hire any worker form a temporary agency then the company will demand any insurance certificate from the agency which will provides the liabilities which will be covered by insurance in case of any lose, or any damage done by the worker. Insurance Certificate is also called as Certificate of Insurance (COI) or proof of insurance.
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Insurance Certificate, Administrators, Holder, Tracking, Coverage, Authority, Request Form, Management, Number, Form, Insurance