I believe the SIM card lock would require you to have a PIN or password to access the card, making it secured from unauthorized use. As for the other, I am not sure if there's a relation or not, but some company usage situations require a certificate to authenticate that you and your phone, 1) are actually you, and 2) have been authorized to connect with the company network. This likely has nothing to do with your VZW, etc. network, BTW as I see it. It does imply that your SIM could save the certificate on itself.
Although my answer is mostly guesswork based upon what I am learning in college about IT, I believe I am on the right track. Hope it helps anyway.
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