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In this video tutorial, the speaker explains the components of a Certificate of Insurance (COI), focusing on the commonly used 25 form. This form summarizes essential insurance policy details on a single page, including coverage types, what is covered, the policy's effective date, and limits. It's important to note that a COI serves as proof of insurance and varies in appearance due to different edition dates and versions. The video also mentions that a COI template will be provided in the description for viewers to download and use as a reference.