NAICS Code 524114

NAICS 524114

NAICS Code 524114 – Direct Health and Medical Insurance Carriers

Definition of NAICS Code 524114: This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) health and medical insurance policies. Group hospitalization plans and HMO establishments (except those providing health care services) that provide health and medical insurance policies without providing health care services are included in this industry.

  • 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 524114

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.

  • HMO establishments that provide both health care services and underwrite health and medical insurance are classified in U.S. Industry NAICS 621491, HMO Medical Centers;
  • Establishments primarily engaged in reinsuring health insurance policies are classified in Industry NAICS 524130, Reinsurance Carriers; and
  • Legal entities (i.e., funds, plans, and/or programs) organized to provide health- and welfare-related employee benefits exclusively for the sponsor’s employees or members are classified in Industry NAICS 525120, Health and Welfare Funds.

Other Index Entries for NAICS 524114

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.

  • Dental insurance carriers, direct
  • Group hospitalization plans without providing health care services
  • Health insurance carriers, direct
  • Hospital and medical service plans, direct, without providing health care services
  • Hospitalization insurance carriers, direct, without providing health care services
  • Insurance carriers, health, direct
  • Insurance underwriting, health and medical, direct
  • Medical insurance carriers, direct
  • Medical service plans without providing health care services

Suggested Insurance Conversion Table for NAICS Code 524114

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): 8810NAICS 524114
  • CA WC: 8822
  • DE WC: 984
  • PA WC: 984
  • MI WC: 8810
  • NJ WC: 8810
  • NY WC: 8810
  • WY WC: 524114
  • GL: 61226

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 524114 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 524114