52 Finance and Insurance

524113 Direct Life Insurance Carriers

This 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.

Establishments primarily engaged in reinsuring life insurance policies, disability income insurance policies, and accidental death and dismemberment insurance policies are classified in Industry 524130, Reinsurance Carriers.

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.

524114 Direct Health and Medical Insurance Carriers

This 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 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.

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.

524126 Direct Property and Casualty Insurance Carriers

This industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) insurance policies that protect policyholders against losses that may occur as a result of property damage or liability.

Illustrative Examples:

Automobile insurance carriers, direct
Malpractice insurance carriers, direct
Fidelity insurance carriers, direct
Mortgage guaranty insurance carriers, direct
Homeowners’ insurance carriers, direct
Surety insurance carriers, direct
Liability insurance carriers, direct

Establishments primarily engaged in reinsuring property and casualty insurance policies are classified in Industry 524130, Reinsurance Carriers.

524127 Direct Title Insurance Carriers

This industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) insurance policies to protect the owners of real estate or real estate creditors against loss sustained by reason of any title defect to real property.

Establishments primarily engaged in reinsuring title insurance policies are classified in Industry 524130, Reinsurance Carriers.

524128 Other Direct Insurance Carriers

This 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).

Illustrative Examples:

Bank deposit insurance carriers, direct
Product warranty insurance carriers, direct
Deposit or share insurance carriers, direct
Warranty insurance carriers (e.g., appliance, automobile, homeowners’, product), direct

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.

Initially underwriting title insurance policies are classified in U.S. Industry 524127, Direct Title Insurance Carriers.

524130 Reinsurance Carriers

This industry comprises establishments primarily engaged in assuming all or part of the risk associated with existing insurance policies originally underwritten by other insurance carriers.

Initially underwriting annuities and life insurance policies, disability income insurance policies, accidental death and dismemberment insurance policies, and health and medical insurance policies are classified in Industry 52411, Direct Life, Health, and Medical Insurance Carriers.

Initially underwriting various types of insurance policies (except life, disability income, accidental death and dismemberment, and health and medical insurance policies) are classified in Industry 52412, Direct Insurance (except Life, Health, and Medical) Carriers.