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Confirmation of Cover means the individual certificate of insurance issued to the Insured. It describes in general the insurance protection to which the Insured is entitled but shall form part of the contract between the Company and the Policyholder.
Key Takeaways. A certificate of insurance (COI) is issued by an insurance company or broker and verifies the existence of an insurance policy. Small business owners and contractors typically require a COI that grants protection against liability for workplace accidents or injuries to conduct business.
Confirmation of Coverage means the accompanying document that outlines Your benefits and Maximum Benefit amounts.
The Health Insurance Portability and Accountability Act (HIPAA) ensures that individual health-care plans are accessible, portable and renewable, and it sets the standards and the methods for how medical data is shared across the U.S. health system in order to prevent fraud.
A certificate of coverage (CoC) is a contract that lists an individual's health insurance coverage with their payor. The CoC details the health benefits the beneficiary and their dependents have under their plan. Details include exclusions and conditions.
Definition of 'proof of coverage' A policyholder's proof of coverage is a document from an insurer stating that they have insurance coverage. Some states with compulsory insurance require proof of coverage when a vehicle is registered and when a driver is stopped for a traffic violation.