Allied Auto Insurance: Naic Number And Its Importance

The NAIC number is a unique identifier assigned to each individual underwriting company by the National Association of Insurance Commissioners (NAIC). This number is important as it promotes competition within the insurance industry and ensures a fair environment for both policyholders and providers. When filing an insurance claim or a DMV report, you may be required to provide the NAIC number for your insurance company. Allied World Insurance, a Fairfax company, provides comprehensive coverage with a personalised approach to casualty insurance. They offer a range of insurance services, including worker's compensation, healthcare liability, and property insurance.

Where to find NAIC numbers

The NAIC number is a unique, five-digit identification code assigned to every insurer for licensing purposes. NAIC stands for the National Association of Insurance Commissioners, which sets the regulations and standards for the insurance industry in the United States. The NAIC number helps identify individual insurers in the US and streamline claims.

You can find the NAIC number in the following places:

• Insurance card: The NAIC number should be on your insurance card. It may be listed as the "Company Number". If it is a five-digit number, it is most likely the NAIC number.
• Insurance policy documentation: The insurance policy documents will also include the NAIC number or the Company Number. This is the same number that is on the insurance card.
• NAIC website: If you cannot find the NAIC number on your insurance card or policy documents, or if you have misplaced them, you can log on to the NAIC website and use the consumer insurance search tool to locate your insurer's company number.

It is important to note that your insurer may hold multiple NAIC numbers, as they might differ from one state to another or correspond to different insurance products or policies. When filing a claim or requesting information, ensure that you provide the correct NAIC number to facilitate a seamless process.

NAIC number importance

The National Association of Insurance Commissioners (NAIC) assigns a unique NAIC number to each individual underwriting company. This number is important as it helps maintain consistency and transparency within the insurance industry. It is a crucial tool that facilitates communication between regulators and insurers, making processes such as licensing, reporting, and market conduct examinations more efficient.

NAIC numbers are composed of a combination of digits and letters, depending on the state and territory of the insurance company. These numbers are designed to be unique, allowing stakeholders to easily distinguish between different insurers and access relevant information. The numbering system ensures that no two companies have the same number, promoting transparency and accountability in the industry.

For consumers, the NAIC number is valuable as it enables them to verify the authenticity and financial stability of an insurance company before purchasing a policy. This helps protect consumers from fraudulent or financially unstable insurers. Consumers can find the NAIC number on insurance company websites, policy documents, or through insurance regulator websites.

NAIC numbers are also essential for regulatory compliance. They are used in regulatory filings, such as financial statements, rate filings, and market conduct examinations. Regulators can efficiently monitor the financial health, solvency, and compliance of insurance companies by using these unique identifiers. This ensures that insurers adhere to state laws and regulations, maintaining the integrity and stability of the insurance marketplace.

In summary, NAIC numbers are crucial in the insurance industry as they facilitate identification, regulatory compliance, consumer protection, data collection, and efficient communication. By providing a standardised system of identification, the NAIC promotes transparency and accountability, benefiting both insurers and consumers.

NAIC code meaning

The NAIC number is a unique identifier assigned by the National Association of Insurance Commissioners (NAIC) to each individual underwriting company. This number is used to identify the company on policy documents and ID cards, where it appears as the "Company Number".

Now, the NAIC code you mentioned in your query is different from the NAICS code. The North American Industry Classification System (NAICS) is a classification system used by Federal Statistical Agencies in the US, Canada, and Mexico. It was adopted in 1997 to replace the Standard Industrial Classification (SIC) system. The goal was to establish a North American standard for classifying business establishments and collecting, analyzing, and publishing statistical data related to the North American business economy.

The NAICS system is self-assigned, meaning companies select the code that best represents their primary business activity. This code is then used when asked for their industry classification. If a company has multiple unique lines of business, they may use more than one NAICS code. The system is important for statistical analysis and is also used by government agencies, trade associations, and regulatory boards for their internal needs.

NAICS codes are used by government entities to offer tax incentives to businesses within a given classification. They are also used by companies to classify their customers by industry, allowing them to target their marketing efforts towards specific industries. By acquiring NAICS information, businesses can better understand their best customers and identify the industries that might benefit most from their products and services.

Allied Insurance website

The Allied Insurance website can be found at www.alliedinsurance.com. Allied Insurance is a company that provides a range of insurance products, including auto, property, and casualty insurance. The website serves as a resource for customers to learn about the company's products and services, manage their policies, and file claims.

When navigating the Allied Insurance website, customers can expect to find information about the different types of insurance coverage offered, such as auto insurance, which protects drivers from financial loss in the event of an accident or damage to their vehicles. The website may also provide details about other insurance products, like property insurance, which covers losses or damages to an individual's or business's property, and casualty insurance, which covers legal liability resulting from accidents, injuries, or damage to another person's property.

The website is designed to be user-friendly, allowing customers to easily access their accounts and manage their policies online. Customers can log in to their accounts to view their policy details, update their personal information, add or remove coverage, and make payments. The website may also offer tools and resources to help customers understand their insurance options, calculate premiums, and compare different plans to make informed decisions about their coverage.

In addition to policy management, the Allied Insurance website is likely to provide information about the claims process. Customers can find instructions on how to file a claim, track its status, and access necessary forms and documents. The website may also offer a dedicated customer support section, providing contact information, frequently asked questions, and online chat or messaging services for quick assistance.

Overall, the Allied Insurance website serves as a central hub for customers to manage their insurance policies, access important information, and connect with the company's customer support team. It offers convenience and accessibility, allowing customers to handle their insurance-related tasks and queries from the comfort of their homes.

NAIC member companies

The National Association of Insurance Commissioners (NAIC) is a US standard-setting organisation founded in 1871. It is governed by the chief insurance regulators from the 50 states, the District of Columbia, and five US territories, and it coordinates the regulation of multistate insurers. The NAIC provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers.

The NAIC assigns each individual underwriting company a unique NAIC number. For existing policyholders, the NAIC number also appears on ID cards as the "Company Number".

• 21st Century Auto Insurance Company of New Jersey
• 21st Century Centennial Insurance Company
• 21st Century Indemnity Insurance Company
• 21st Century Preferred Insurance Company
• 21st Century Premier Insurance Company
• 21st Century North America Insurance Company
• 21st Century Superior Insurance Company
• 21st Century Assurance Company
• 21st Century Pinnacle Insurance Company
• 21st Century Pacific Insurance Company
• 21st Century Security Insurance Company
• 21st Century Advantage Insurance Company

Frequently asked questions