What Is An Naic Code For Insurance

Every insurance company s underwriting office is identifiable by its unique naic code and it s common for a large national insurance company to have multiple naic codes often the case if an insurer offers multiple lines of insurance auto commercial life insurance etc and has offices all over the country.

What is an naic code for insurance. Buy business list since 1998. The naic is an authoritative source for insurance information. Naics codes naics code lookup directory what is a naics code. They assign unique codes to each carrier group and to each carrier.

Industry codes help insurers with several analytical processes involving marketing. Click any naics code to see the description and top 10 companies in that field. If you are a financial institution verifying flood insurance companies please email us at. The naics was established in 1997 to replace the no longer sufficient sic system.

You will need to know the geico naic number if you ever have to file an insurance claim or department of motor vehicles report. How insurance companies use sic codes. Naic carrier codes are assigned by the national association of insurance commissioners naic. Free sample industry report.

Insurance companies use naics codes to identify customers by industry code. Siccode business data powering the world s top companies. Although the naics classification system was adopted in 1997 insurers selling commercial insurance use sic codes in many ways to analyze and classify the businesses they insure or choose not insure. Naics for insurance 524126 direct property and casualty insurance carriers.

More extended sic codes for insurance email call mail your top prospects. Geico s naic number is 2063. Industry comprises establishments primarily engaged in initially underwriting i e assuming the risk and assigning premiums. However as a major insurance company geico has several naic numbers.

An insurance company code is a five digit code that is assigned to an insurance company by the national association of insurance commissioners naic which is an organization created to conduct. Naics codes classify the economy into 20 sectors which are separated into 99 3 digit subsectors which are divided into 311 4 digit industry groups which are further subdivided into 709.