Who qualifies as a 'certificate holder'?

A 'certificate holder' is defined as any individual or entity that receives a certificate of insurance from the insured or an insurance company. This certificate serves as proof that the insured has certain types of coverage in place, detailing the specifics of that coverage.

The role of the certificate holder is crucial as they may be relying on that proof of coverage for various reasons, such as contractual obligations or risk management. This can include entities like landlords, vendors, or other third parties who require confirmation of insurance coverage from the policyholder.

In contrast, the other options do not fully capture the accurate definition. Not all individuals who own a policy, such as the policyholder, would be considered a certificate holder unless they are specifically named on a certificate of insurance. Similarly, insurance agents and brokers may deal with certificates but do not automatically qualify as certificate holders. Lastly, while family members of a policyholder may benefit from the coverage under certain circumstances, they do not qualify as certificate holders simply based on their relationship to the policyholder. Thus, the definition that centers on the possession of a certificate of insurance is the most precise.