NAICS Code 524113

NAICS 524113

NAICS Code 524113 – Direct Life Insurance Carriers

Definition of NAICS Code 524113: This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) annuities and life insurance policies, disability income insurance policies, and accidental death and dismemberment insurance policies.

  • You can also download your own copy of the complete 2017 NAICS Classification Manual. The NAICS Manual is updated every five years. The 2017 copy will be applicable until a new edition is produced in 2022.

Cross Reference Guide for Code 524113

What codes are similar to this classification that might be a more applicable code? The cross-reference guide below displays the codes for other similar industries. Please review to find the most applicable classification.

  • Establishments primarily engaged in reinsuring life insurance policies, disability income insurance policies, and accidental death and dismemberment insurance policies are classified in Industry NAICS 524130, Reinsurance Carriers; and
  • Legal entities (i.e., funds, plans, and/or programs) organized to provide insurance and employee benefits exclusively for the sponsor, firm, or its employees or members are classified in Industry Group 5251, Insurance and Employee Benefit Funds.

Other Index Entries for NAICS 524113

The North American Industry Classification System contains multiple index entries that are each descriptive of the same code. The bulleted list below shows all applicable index entries (Current and former) that are associated with this classification. These index entries further elaborate on the scope of applicable industries that have already been defined at the top of this page.

  • Accidental death and dismemberment insurance carriers, direct
  • Accidental death and dismemberment insurance underwriting, direct
  • Annuities underwriting
  • Cooperative life insurance organizations
  • Credit life insurance carriers, direct
  • Disability insurance carriers, direct
  • Disability insurance underwriting, direct
  • Fraternal life insurance organizations
  • Insurance carriers, disability, direct
  • Insurance carriers, life, direct
  • Insurance underwriting, disability, direct
  • Insurance underwriting, life, direct
  • Life insurance carriers, direct
  • Savings bank life insurance carriers, direct

Suggested Insurance Conversion Table for NAICS Code 524113

Looking for an insurance classification other than the North American Industry Classification System? If a company falls within the industry defined on this page, then the class codes mentioned below may be applicable. Please note that the bulleted cross-reference guide below is not authoritative. Users should have an insurance professional review to ensure proper insurance classification.

  • NCCI WC (Varies by state): 8723NAICS 524113
  • CA WC: 8822
  • DE WC: 984
  • PA WC: 984
  • MI WC: 8810
  • NJ WC: 8810
  • NY WC: 8810
  • WY WC: 524113
  • GL: 61226
  • SIC: 6311

Resources: Praxiom, AceGroupTDICalifornia Division of Workers Compensation, Delaware Workers Compensation Manual, Pennsylvania Workers Compensation Manual, Michigan Workers’ Compensation Placement Facility: Classification Definitions, New Jersey Workers Compensation and Employers Liability Insurance Manual, New York Workers Compensation and Employers Liability, North American Industry Classification System, Florida Underwriting Guide: Commercial General Liability Classifications,  Standard Industrial Classifications.

The suggested cross reference guide for NAICS code 524113 is based on our research using the resources cited above.

Correlating Code Breakdown for North American Industry Classification System

NAICS codes are broken down by digit. The broadest description starts with the 2 digit sector codes. The 3 digit subsector codes are more specific, then the 4 digit industry group, 5 digit industry, and the most specific is the 6 digit NAICS code (Where you are now). If the code on this page does not describe the industry of the business in question, then select the largest applicable code below. From there, follow through the progression of smaller digits to the larger digits in order to obtain the most specific 6 digit classification.

  • Sector 52: Finance and Insurance
  • Subsector 524: Insurance Carriers and Related Activities
  • Industry Group 5241: Insurance Carriers
  • Industry 52411: Direct Life, Health, and Medical Insurance Carriers
  • 6 Digit Code(s) NAICS 524113: Direct Life Insurance Carriers
  • 6 Digit Code(s) NAICS 524114: Direct Health and Medical Insurance Carriers
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NAICS Code 524113