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NAICS Code 524114 Direct Health and Medical Insurance Carriers

The NAICS Code 524114 is described as
Direct Health and Medical Insurance Carriers
  • Dental insurance carriers, direct
  • Direct Health and Medical Insurance Carriers
  • 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

Description
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.

· HMO establishments that provide both health care services and underwrite health and medical insurance are classified in U.S. Industry 621491, HMO Medical Centers;
· Establishments primarily engaged in reinsuring health insurance policies are classified in Industry 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 525120, Health and Welfare Funds.

(2019-08-02)

It belongs to the code group
NAICS Code 52411 Direct Life, Health, and Medical Insurance Carriers

To this Code "524114" belongs the sub codes
(No direct sub codes available)


The equivalent ISIC Code (Rev. 3.1) is
6603: Non-life insurance
  Activités d'assurances autres que sur la vie

The nearest NACE Code (Rev. 1.1) is
66.03: Sonstige Versicherungen (ohne Sozialversicherung) - Sonstiges Versicherungsgewerbe
66.03: Non-life insurance - Non-life insurance
66.03: Activités des assurances, autres que sur la vie
66.03: Assicurazioni diverse da quelle sulla vita
66.03: Otros tipos de seguros
66.03: Schade-, ziekte- en ongevallenverzekeringen
66.03: Anden forsikringsvirksomhed

The equivalent CPC Code (Rev. 1.1) is
xxxx: No Code defined

Translation of the Code description
524114: Direct Health and Medical Insurance Carriers
(2019-08-02)

Alternative Spellings (synonyms): Carrier
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