What Is An Naic Code For Insurance

What is the Naic and what does it do?

The National Association of Insurance Commissioners (NAIC) is a US organization that sets standards and regulations for the insurance industry. Each insurance company in the United States has an NAIC numb er. Some companies have multiple NAIC numbers - say, one number for each subsidiary organization or different numbers for different states.

What does Naic mean insurance?

NAIC number refers to the number issued by the National Association of Insurance Commissioners to licensed and affiliated insurance companies across the US. The NAIC is a body or organization that helps in the creation of similar or uniform policies across various insurance companies and organizations.

What is an insurance company code?

Insurance Company Codes. Auto insurance company codes appear on the insurance card given to auto policyholders. These codes identify the type of car or truck a person has insured with the company. US auto insurance companies use these codes to determine how much a policyholder will pay for collision and comprehensive coverage.

What Is An Naic Code For Insurance

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