License applicant financial responsibility liability insurance certificate: Fill out & sign online

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Click ‘Get Form’ to open it in the editor.
Begin by entering the name of the insurance company and its mailing address, including city, state, and zip code.
Fill in the name of the licensee along with their home address details. Ensure accuracy for proper identification.
Provide the company business name and its mailing address, again ensuring all fields are completed correctly.
In the coverage section, confirm that the policy meets North Carolina's minimum liability limits: $50,000 for bodily injury per person and $20,000 for property damage.
Enter the policy number and effective dates of coverage in the designated fields.
Have the insurance agent print their name, agency name, and address. The agent must also sign and provide their license number.
Finally, ensure a notary public completes their section to validate the document before submission.

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What is a certificate of financial responsibility?

The financial responsibility requirement can be met in one of four ways: A policy or policies of motor vehicle liability insurance have been obtained and are in full force. A bond has been duly executed. A deposit has been made of money or securities.

How do I obtain a certificate of liability insurance?

In order to get a certificate of liability insurance, you must buy a general liability insurance policy. After the policy is issued, your certificate of liability insurance will be available online.

Can I generate my own coi?

Short answer: Nope. Longer answer: Any changes to coveragelike listing someone as Additional Insured or modifying coverage datesmust be endorsed by your insurance company first. That endorsement becomes part of your policy, and only after that can a new COI reflecting the change be created.

How much does a certificate of liability insurance cost?

Certificates of insurance are completely free, so you can provide proof of insurance at no cost to anyone who needs to see it. Just make sure your policy is active and youre up to date on your insurance cost payments.