Powered by LevrNAICS 524128: Other direct insurance (except life, health, and medical) carriers
NAICS 524128 is the industry code for other direct insurance (except life, health, and medical) carriers. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 524128 covers
Other direct insurance carriers underwrite coverage other than life, health, property and casualty, and title, such as warranty insurance, credit insurance and pet insurance.
Included in this code
- Pet insurance carriers
- Credit insurance carriers
- Warranty insurance
- Mortgage guaranty insurance
Not this code
- Property and casualty: see 524126 Direct property and casualty insurance carriers
- Insurance agencies: see 524210 Insurance agencies and brokerages
- Extended warranty administrators: see 524298 All other insurance related activities
Businesses that use 524128
Financing for this trade
Specialty carriers support growth with equity, surplus notes and reinsurance. Investors and regulators review loss ratios, reserves and growth in policies written.
Apply for funding with AIIs 524128 the right code for a specialty insurance carrier?
Yes, if you underwrite specialty insurance such as pet, credit or mortgage insurance. Warranty administrators that do not carry risk use 524298. Owners in this trade most often weigh it against 524126 (direct property and casualty insurance carriers) and 524298 (all other insurance related activities). The right choice is the activity that brings in the most revenue, used the same way on tax returns and loan applications.
What is the SBA size standard for 524128?
The SBA size standard for 524128 is $47M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. A specialty insurance carrier at or below that figure counts as small for federal small business contracts and other SBA size determinations, although lending and passive investment businesses are generally not eligible for SBA 7(a) loans.
How are specialty insurers financed?
They rely on equity, reinsurance and surplus notes. Lenders and investors review loss ratios, reserves and growth in policies written. Expect lenders to ask for receivables and payables agings, recent bank statements and a debt schedule, which also help a broker match the request to the right lender quickly.
What does NAICS 524128 cover?
Other direct insurance (except life, health, and medical) carriers. Industry level code in NAICS 2022, under 52 Finance and insurance, 524 Insurance carriers and related activities, 5241 Insurance carriers, 52412 Direct insurance (except life, health, and medical) carriers.
What financing do NAICS 524128 businesses use?
Equipment financing, working capital, SBA loans and invoice factoring are the products placed most for professional services businesses. Start an application and the AI matches the deal to lenders that fund this code.
Where do I put NAICS 524128?
On the SBA loan application, on federal Schedule C or Form 1120, on SAM.gov and state registrations, and on most lender applications. A business can report more than one code; use this one if it describes what produces most of your revenue.