524113 Direct Life Insurance Carriers

Official definition

This U.S. 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.

Source: US Census Bureau, 2022 NAICS descriptions.

When to use a different code

Census classifies these close-sounding activities somewhere else. Businesses mainly engaged in:

• 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.

Source: US Census Bureau, 2022 NAICS cross-references.

Activities listed under 524113

The Census index assigns these 14 activities to this code. If your business matches one, this is your code.

• Accidental death and dismemberment insurance carriers, direct
• Accidental death and dismemberment insurance underwriting, direct
• Annuities underwriting
• Cooperative life insurance organizations
• Credit life insurance carriers, direct
• Disability insurance carriers, direct
• Disability insurance underwriting, direct
• Fraternal life insurance organizations
• Insurance carriers, disability, direct
• Insurance carriers, life, direct
• Insurance underwriting, disability, direct
• Insurance underwriting, life, direct
• Life insurance carriers, direct
• Savings bank life insurance carriers, direct

Source: US Census Bureau, 2022 NAICS index file.

SBA size standard for 524113

To count as a small business for SBA loans and federal contracts under NAICS 524113, your business (including affiliates) must not exceed $47 million in average annual receipts. Check your business.

Source: SBA table of size standards, effective March 17, 2023.

Closest UK SIC 2007 codes

There is no official one-to-one link between NAICS and UK SIC. These codes share the same international class (ISIC Rev. 4: 6511), so treat them as a starting point and check the definition.

• 65110Life insuranceUK SIC

Built from Census concordances 2022→2017 NAICS and 2017 NAICS→ISIC Rev. 4.

Similar codes to compare

• 524114Direct Health and Medical Insurance Carriers