Next, the types of establishments to which the NAICS code 524128 corresponds will be detailed and their classification will be explained. This code is used to identify specific categories within the industry, helping to better understand the market and related economic activities.
Description NAICS Code 524128 – Other Direct Insurance (except Life, Health, and Medical) Carriers
This U.S. industry comprises establishments primarily engaged in initially underwriting (e.g., assuming the risk, assigning premiums) insurance policies (except life, disability income, accidental death and dismemberment, health and medical, property and casualty, and title insurance policies).
NAICS code 524128 includes:
- Bank deposit insurance carriers, direct
- Burial insurance carriers, direct
- Contact lens insurance, direct
- Deposit or share insurance carriers, direct
- Funeral insurance carriers, direct
- Homeowners’ warranty insurance carriers, direct
- Pet health insurance carriers, direct
- Product warranty insurance carriers, direct
- Warranty insurance carriers (e.g., appliance, automobile, homeowners’, product), direct
NAICS Code 524128 does not include the following references:
- Reinsuring insurance policies–are classified in Industry 524130, Reinsurance Carriers;
- Initially underwriting annuities and life insurance policies, disability income insurance policies, and accidental death and dismemberment insurance policies–are classified in U.S. Industry 524113, Direct Life Insurance Carriers;
- Initially underwriting health and medical insurance policies–are classified in U.S. Industry 524114, Direct Health and Medical Insurance Carriers;
- Initially underwriting property and casualty insurance policies–are classified in U.S. Industry 524126, Direct Property and Casualty Insurance Carriers; and
- Initially underwriting title insurance policies–are classified in U.S. Industry 524127, Direct Title Insurance Carriers.
