Certificate of insurance
Can you verify that they have a COI and the specifications of their policy?
|OOP||Out of pocket|
|SUI||State Unemployment Insurance|
|FDIC||Federal Deposit Insurance Corporation|
|FICA||Federal Insurance Contributions Act|
|AIR||Assumed interest rate|
|HMO||Health maintenance organization|
|SUTA||State Unemployed Tax Act|
COI means certificate of insurance, which is the legal document that describes the coverage an insurance company provides for a member. It contains types and limits of coverage, policy number, insurance company, named insured, and the effective periods of the policy.