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In the video tutorial, the concept of a Certificate of Insurance (COI) is explained, focusing on the most commonly used form, the Accord 25. This standardized single-page form summarizes important details of insurance policies, such as coverage type, effective date, and policy limits. It is emphasized that a COI is proof of insurance and not the actual policy. Different editions and versions of the Accord form exist. A COI template is provided in the video description for viewers to download and use.