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What does NAIC code stand for?

By Olivia Norman |

North American Industry Classification System
NAICS: North American Industry Classification System This system is the standard used by federal statistical agencies for classifying businesses for the purpose of collecting, analyzing, and publishing data related to the U.S. economy.

Is Interinsurance Exchange of the Automobile Club the same as AAA?

Recent years. Today, the Automobile Club of Southern California’s affiliated insurance company, the Interinsurance Exchange of the Auto Club, is one of California’s largest insurers. The Auto Club is the largest member of the AAA federation.

What is a reciprocal insurer?

Reciprocal insurance exchanges are a form of insurance organization in which individuals and businesses exchange insurance contracts and spread the risks associated with those contracts among themselves. Policyholders of a reciprocal insurance exchange are referred to as subscribers.

What is the USAA auto insurance company code?

USAA is capable of paying out claims and generally meets customer expectations. For military members and their families, we think there is no better choice than USAA. USAA’s insurance company code is 25941 with the NAIC. Read more about the provider in our complete USAA auto insurance review.

What are the different types of insurance company codes?

An insurance company code is a specific code assigned to authorized insurance retailers in the U.S. There are two types of insurance company codes: the NAIC code and the DMV code.

What is the DMV code for an insurance company?

When this is the case, the NAIC groups each organization into a group code under the parent company to keep things simple. What Is A DMV Code? A DMV code is a three-digit code assigned to insurance companies that are authorized to sell insurance in that state.

What kind of insurance company has a NAIC number?

NAIC codes don’t only apply to automobile insurance companies. Any American insurance company that underwrites coverage has an NAIC number, including health insurance, life insurance, and fire insurance companies. Also, a single insurance company may have more than one NAIC number.