Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Certificate of Authority

A document that grants an agent power to act for the insurance company. This document comes from the insurer and is given to the agent as proof of his authority. The document not only grants authority but also outlines the extent of that authority. A certificate of authority may be used in any situation where one party grants power to another to act on the first party's behalf.

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Certificate of Assumption

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Certificate of Indebtedness

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