REINSURANCE: I ssued in evidencing Reinsurance between companies.
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MEDICAL,USA: Statement that an insurance policy has been written for the benefit of one or more individuals. This document may be used in evidencing reinsurance between insurance companies.
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The condition still found in policies issued in some countries requiring the certificate of a magistrate to support a claim under a Policy seems to have long since fallen out of use. Certificate is a statement that a Policy has been written for the benefit of one or more individuals. Also issued in evidencing Reinsurance between companies.
Insurance Encyclopedia
Certificate holder
Insured individual of a group insurance policy that has been issued a certificate of insurance, which certifies that an insurance contract has been written.This certification of insurance contains a summary of the coverage of the policy in general terms applicable to that member.
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The entity that is provided a certificate of insurance as evidence of the insurance maintained by another entity. In standard certificate forms, the certificate holder is usually listed in the space provided for that purpose.
Certificate in Insurance
The CII’s ‘core’ level qualification suitable for those entering the industry and gaining the essential basic knowledge of the market, key disciplines and products. Six units accumulating a 40 credit threshold achieve a pass and the entitlement to use the designation ‘Cert CII’. Candidates are also able to proceed to the Diploma in Insurance, subject to continuing professional development requirements, gaining recognition for their accumulated credits.
Certificate in IT for Insurance Professionals
Examination-based qualification awarded jointly by the CII and the British Computer Society for insurance professionals seeking a greater awareness of potential IT applications in the insurance industry. The award gives credit towards other CII qualifications and the BCS Professional Examination.
Certificate membership benefit maximum
Largest total payment limit that an insurance plan will generate for certain kinds of care that a member may receive while the certificate is valid.
Certificate number
Numeric or alphanumeric characters issued to an insured or member of an insurance plan and used for identification. It appears on an insured’s health insurance identification card and is placed on insurance claim forms when submitting claims or when communicating with insurance companies. Also called identification number (ID #).
Certificate of Analysis
Certificate of Analysis is a certificate required by some countries as proof of the quality and composition of food products or pharmaceuticals. The required analysis may be made by a private or government health agency. The certificate must be legalized by a foreign counsel of the country concerned, as is the case with such similar certificates as the phytosanitary certificate.
Certificate of assumption
In assumption reinsurance, each policyholder is sent an official document (certificate) when the policy has been ceded about a notice of the assumption and information about the new insurer.
Certificate of authority (COA)
1. State license to operate as a health maintenance organization (HMO). 2. Insurance company’s document that grants authority to a particular agent or group of agents to act on behalf of the insurer. 3. Certificate issued by a state’s insurance department that authorizes an insurance company to issue certain types of insurance in the state.
Certificate of authority (Health Insurance)
A state-issued certificate licensing the operation of a health maintenance organization.