Insurance Topic
Certificate of Insurance
A standardized document evidencing that specific insurance coverage exists at a point in time.
Definition
A certificate of insurance (COI) is a non-contractual document issued by or on behalf of an insurer or insurance producer that summarizes selected information from an insurance policy, including coverage types, limits, and effective dates, without modifying the policy itself.
Structural Components
- Named insured: The policyholder shown on the certificate.
- Insurers and policy numbers: Identifiers for the issuing carriers and policies.
- Coverage summary: Lines of coverage and stated limits.
- Effective and expiration dates: Policy term indicators.
- Certificate holder: Party receiving the certificate.
- Disclaimers: Statements clarifying that the COI confers no rights.
Parameters & Conditions
- Reflects information as of the date issued.
- Does not amend, extend, or alter coverage.
- May reference additional insured or waiver status only if supported by endorsements.
- Commonly used for contractual or compliance verification.
Topic Relationships
Exceptions, Limitations & Boundaries
A certificate of insurance provides no coverage grant, creates no contractual rights for the certificate holder, and is subject to inaccuracies or omissions. The insurance policy and its endorsements govern all coverage determinations.
Certificate of Insurance: Definitional FAQ
Is a certificate of insurance proof of coverage?
It is evidence that coverage exists but is not the insurance contract itself.
Does a COI add someone as an additional insured?
No. Additional insured status requires a policy endorsement.
Can a certificate change policy terms?
No. Only the policy and its endorsements control coverage.