Insurance Glossary

Certificate Holder

Industry

Definition

A person or entity who has a certificate of insurance (COI) in their possession, which could be the policyholder or someone who requested proof of insurance. Being a certificate holder does not necessarily mean coverage under the policy.

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Related Terms

Certificate of Insurance
A document issued by an insurer or agent that verifies the existence of insurance coverage and summarizes key policy information for third parties.
Additional Insured
A person or entity added to an insurance policy who receives coverage under that policy, commonly required in contracts and leases.
Named Insured
The person or entity specifically identified in an insurance policy as the insured, having full rights and responsibilities under the policy.
Actuary
A business professional who analyzes probabilities of risk and risk management, including calculation of premiums, dividends, and other applicable insurance industry standards.
Underwriting
The process by which an insurer evaluates the risk of insuring a person or property and determines coverage terms and premium rates.
Reinsurance
Insurance purchased by insurance companies to transfer portions of their risk portfolios to other insurers, reducing the likelihood of large payouts from claims.
Loss Ratio
The ratio of losses paid plus loss reserves to premiums earned, used by insurers to measure underwriting profitability and pricing adequacy.
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