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In this video, the presenter explains the components of a Certificate of Insurance (COI), with a focus on the commonly used 25 form. The COI is a standardized, single-page document that summarizes essential details of insurance policies, including coverage types, policy limits, and effective dates. It serves as proof of insurance, helping streamline access to critical information. The presenter emphasizes that there are various editions and versions of the form, which may look different. To aid learning, a COI template is provided in the video description for download.