Overview
Certificates of Insurance (COIs) provide proof of insurance coverage, showing policy existence and limits at issuance. While not complete representations of coverage, they offer benefits and have deficiencies. This course examines the purpose, value, and caveats of COIs, and addresses issues from contracts, insurance certification requests, and certificate issuance.
Learning Objectives
- recognize the role of COIs in contractual risk transfer
- recognize the potential repercussions of failing to issue COIs that meet contractual requirements
- identify ways to balance legal and business constraints in certifying insurance coverage
- recognize the issues involved in completing ACORD certificate forms
- identify agency procedures and quality control programs that reduce the professional liability of certificate providers while reasonably meeting the needs of certificate requestors
Designed For
Property and casualty insurance agents, brokers, and adjusters at any level in their career
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.
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