What Does Naic Number Mean?

How do I find my NAIC number?

The NAIC code is found on your insurance card. Most of the time the NAIC is printed on your ID card, however it is not labeled. It is a 5 digit number. Please call the office and any representative would be happy to provide you with the NAIC needed for your vehicle registration.

What is the NAIC number used for?

All licensed and authorized insurance companies in the U.S. are assigned a five-digit NAIC code that represents their primary area of business within the insurance industry. Consumers can find out information about insurance companies, any complaints, licenses, their financial health and more.

What is the NAIC and what is its purpose?

The National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers.

What does NAIC stand for on an insurance card?

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and. regulatory support organization created and governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories.

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What is the NAIC number for the General?

The General (an agency) offers auto insurance online underwritten by the following insurance companies: Permanent General Assurance Corporation ( NAIC #37648 ), Permanent General Assurance Corporation of Ohio (NAIC #22906), and The General Automobile Insurance Company, Inc. (NAIC #13703).

What is USAA’s NAIC number?

Company NAIC Number: 25968 3.

Is NAIC legit?

The NAIC is not a regulator; while its members are the insurance commissioners (i.e., the chief insurance regulators) of each U.S. state and six territories, the NAIC is a non-governmental organization that concerns itself with insurance regulatory matters but does not actually regulate.

How does NAIC work?

The NAIC sets standards and establishes best practices for the U.S. insurance industry and provides support to insurance regulators. It also provides information and resources to consumers. 1 Insurance products sold in the U.S. are largely regulated by the states, rather than the federal government.

What is NAIC Model Act?

The NAIC Model Laws, Regulations, and Guidelines (available in the library) contains documents promulgated by the National Association of Insurance Commissioners as proposed statements of insurance laws that should be adopted by the 50 states.

Do states have to adopt NAIC model laws?

It is primarily through the states’ adoption of NAIC model laws and regulations that the legal framework for insurance regulation has been largely harmonized throughout all the states. The subject matter of the model law or regulation must call for a minimum national standard or require uniformity among the states.

What is considered to be the beginning of an insurance contract?

In general, an insurance contract must meet four conditions in order to be legally valid: it must be for a legal purpose; the parties must have a legal capacity to contract; there must be evidence of a meeting of minds between the insurer and the insured; and there must be a payment or consideration.

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Who does NAIC Model regulation apply to?

This model regulation establishes the initial filing requirements for interest-indexed annuity contracts. It also contains additional filing requirements, valuation requirements, and a Statement of Actuarial Opinion for Interest-Indexed Annuity Contracts. This regulation applies only to individual annuity contracts.

What is an NAIC Company Code?

An NAIC 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 regulatory oversight of insurance practices in the U.S.

What is the NAIC number for Metlife Auto and Home?

Metropolitan Life Insurance Company, NAIC Company Code Number 65978, is licensed to do business in all fifty states, the District of Columbia, Puerto Rico, and the Virgin Islands.

Do insurance brokers have NAIC numbers?

NAICS 524210 – Insurance Agencies and Brokerages is part of: NAICS 524200 – Agencies, Brokerages, and Other Insurance Related Activities.

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