Here are some of the ways that you can find the most accurate NAIC numbers to use. Places you are most likely to need to reference your NAIC number is when you are filling out paperwork for your state's Department of Motor Vehicles or if you are filing an insurance claim.
Below are some of the ways that you can find and verify your NAIC number to make sure that you are providing an accurate number when filling out this very important paperwork. One of the easiest ways to find your NAIC number is to utilize a trusted search engine using your web browser. Be aware that some of the larger insurance providers may have multiple NAIC numbers. Often, these numbers represent each one of the member companies within the larger insurance provider.
Make sure to select the branch of the insurance provider you purchased your insurance through. Another way to find your insurance providers NAIC number is to look at the proof of insurance card your insurance company issued you when you purchased your insurance. Generally speaking, the NAIC number is located on this card and is easy to find.
The declarations page of your automobile insurance plan is also the excellent spot to look for your NAIC number. Additionally, the NAIC number of your car insurance company it is a searchable at naic. The website for NAIC has a search box that can be extremely helpful. Just type the name of your company into the box, select the business type, and click on "Find a Company. Choose the number that corresponds with the branch you purchased your policy from.
It is also important to note that the NAIC provides numbers for a wide variety of insurance policy types. These can include things like property insurance. As some companies will also offer coverage for cars, you will want to make sure you have the NAIC number that matches your automobile insurance policy.
Another simple option that is available is to call your insurance company and ask any if the operators or staff answer. This number is used quite often, so the people there should have easy access to what it is. The group divides the United States into four separate geographic zones, northeastern, southeastern, Midwestern, and Western.
These zones were created to help easily organize the NAIC's resources. Each zone has a chair, vice chair, and secretary.
The group holds three national meetings each year, in every season except for winter. The NAIC is made up of various committees and working parties, with the goals to:. All licensed and authorized insurance companies in the U. The code, which can be found on the NAIC database , also shows consumer reports, such as the number of closed complaints for an insurance company, any fraud or actions taken against the company and company financial data.
And, Liberty Mutual Insurance has one code for homeowners and auto and another for fire insurance coverage. NAIC codes are only assigned to risk-bearing entities, which is a company with the probability that an actual return on an investment will be lower than the expected return.
It helps keep insurance companies in check and provides oversight for the entire industry. One of the most noteworthy accomplishments was creating uniform financial reporting for all insurance companies. Other ways the NAIC helps is to bring insurance companies together and facilitate communication. It also ensures that insurance companies can payout during disasters by providing the assistance to make that happen.
Licensing Report: The NAIC database has a detailed breakdown of where each insurance company does business, how each insurance company is licensed, and whether or not the insurance company is able to do business in your state. Some insurance companies are licensed to sell auto insurance in one state but not another, for example, but sell homeowners insurance nationwide. NAIC numbers are important for all of the reasons listed above.
You can view detailed information about each insurance company from an objective, unbiased source. Every insurance company claims to protect you from unexpected events. But not all insurance companies live up to that promise. Some insurance companies go bankrupt, for example, leaving policyholders without coverage.
Insurance company review websites are complicated. With the NAIC complaint index, you get a better source of information about a company. If someone takes the time to complain to the NAIC, it means they were upset with the service. The NAIC complaint index shows the number of policyholders who complained compared to the number of policyholders overall, giving you an idea of how many policyholders were upset with coverage. The National Association of Insurance Commissioners sets standards and regulations for insurance companies across the United States.
The organization plays a crucial role in the insurance system across all 50 states, the District of Columbia, and five territories. The NAIC was founded in to help insurance companies coordinate services across multiple states. The five-digit number should be the NAIC number.
This number will also be on your insurance declaration page. You should also be able to easily find the number online. Type your insurance provider, followed by the type of policy you have with the provider, followed by NAIC number. It ultimately serves U. How We Make Money. Lauren Ward. Written by. Lauren Ward has nearly 10 years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, and Reviews. She covers auto, homeowners, and life …. Edited By Aylea Wilkins.
Edited by. Aylea Wilkins. Aylea Wilkins is an editor specializing in personal and home equity loans. She has previously worked for Bankrate editing content about auto, home and life insurance. She has been …. Share this page. Bankrate Logo Why you can trust Bankrate. We guide you throughout your search and help you understand your coverage options.
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