When it comes to the insurance industry, there are various regulatory bodies and organizations that help ensure the smooth functioning and accountability of insurers. One such organization is the National Association of Insurance Commissioners (NAIC). The NAIC is a standard-setting body composed of in...
How to Find the NAIC Number Here are a few quick tips for finding the NAIC number: It is a five-digit numeral. The NAIC number should be on yourinsurance card. If you can’t find it, look for the Company Number. If it is a five-digit number, then it is the NAIC number. ...
National Association of Insurance Commissioners (NAIC) number for the insuring company Coverage details, which could include vehicle information, liability limits, and comprehensive and collision deductibles Compare auto insurance rates Answer a few questions to see personalized rates from top carriers. ...
Created in 1871, the NAIC’s role is to standardize insurance agencies and their practices in the United States. Although some people have debated whether the insurance industry should be federally controlled, everything has been regulated at the state level for over half a century thanks to the...
Insurance compliance is not just a legal obligation; it is also a crucial component of maintaining trust and credibility with policyholders and stakeholders. Failure to comply with regulatory standards can result in severe consequences, including financial penalties, reputational damage, and even the rev...
Non-owner car insurance is liability coverage for when you drive a car that you don’t own. It protects the owner of the car from being liable if you cause an auto accident. A non-owner car insurance policy meets minimum requirements for liability coverage, but does not include collision ...
What Is Not Covered by Travel Insurance? Review the travel insurance policy to discover exclusions. According to NAIC, common travel policy exclusions are:9 A traveler's pre-existing health conditions Civil and political unrest at the traveler's destination ...
A captive insurance company (or captive) is formed, owned, and controlled by the parent company that it insures. TheNational Association of Insurance Commissioners (NAIC)estimates that about 90% of Fortune 500 companies today have captive subsidiaries.6 ...
Telematics insurance is also called usage-based insurance, pay-as-you-drive insurance or pay-per-mile insurance. The central idea is that you can get a discount on your car insurance if you are safer than the typical driver (or if you drive fewer miles than average each year). ...
In a Dun & Bradstreet company profile or business credit report, if more than one SIC code is assigned to a company, the first one listed is the primary line of business. The remaining codes, if any, comprise at least 10% of the firm's annual revenue. ...