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A certificate of insurance (COI) is a document issued by an insurance company or broker. The COI verifies the existence of an insurance policy and summarizes the key aspects and conditions of the policy.
A group certificate is a document provided to all members of a group plan that shows the benefits provided under the insurance contract. It is issued by the insurance company to certify that the insurance policy has been bought for a specified group of people.
In general, a health plan offered by an employer or employee organization that provides health coverage to employees and their families.
Typically, each insured member of the group receives a certificate of insurance. This certificate states that the insured member of the group is covered under the master contract held by the employer. Also, the provisions of the group insurance are usually stated in the certificate of insurance.
Getting Started Contact a licensed health insurance agent or broker. You can go through the insurance carrier, if you so choose. ... Start by telling your agent how many employees you plan to insure. ... Select a carrier and start the application process. ... Submit your application, as well as the first month's premium.