How to Procure an Insurance Company Identification Number

Save
Holding an NAIC number shows consumers that an insurer adheres to strict industry standards.
Holding an NAIC number shows consumers that an insurer adheres to strict industry standards. (Image: PaulPaladin/iStock/Getty Images)

The National Association of Insurance Commissioners strives to protect consumers and promote fair business practices among insurance providers by setting industry rules and standards. Becoming a member of the NAIC can give insurance companies legitimacy in the field. When they join up, members receive an NAIC company identification number in the form of a company code.

Meet the Requirements

Applicants for a company code from the NAIC must hold a certificate of authority from the insurance department located in the state where they are headquartered. Only risk-bearing insurance companies can apply for a code.

Submit an Application

The application for a NAIC company code is located on the NAIC website. The application asks for the insurance company’s basic information such as name, address, federal employee identification number, financial contact person and company president. It also asks what type of insurance the company provides, such as health, property and casualty, or title. In addition, it asks whether the insurer is a limited liability company, corporation, partnership or other type of arrangement. The applicant can send in the application via email or fax and will typically receive the company code within four business days.

Related Searches

References

Promoted By Zergnet

Comments

You May Also Like

Related Searches

Check It Out

Are You Really Getting A Deal From Discount Stores?

M
Is DIY in your DNA? Become part of our maker community.
Submit Your Work!