Powered by LevrNAICS 525190: Other insurance funds
NAICS 525190 is the industry code for other insurance funds. Use it on loan applications, tax forms and registrations. Explore financing for professional services and start your application when you are ready.
What 525190 covers
Other insurance funds include self insurance funds and risk pools that provide coverage to members. Public entity risk pools are included.
Included in this code
- Self insurance funds
- Workers' compensation self insurance pools
- Public entity risk pools
Not this code
- Insurance carriers: see 524126 Direct property and casualty insurance carriers
- Pension funds: see 525110 Pension funds
Businesses that use 525190
Financing for this trade
Self insurance funds and risk pools are funded by member contributions and buy reinsurance or excess coverage for large losses. Regulators review reserves and funding levels.
Apply for funding with AIIs 525190 the right code for an insurance fund?
Yes, if the entity is a self insurance fund or risk pool. Carriers that underwrite insurance for the public use 5241 codes. Owners in this trade most often weigh it against 524126 (direct property and casualty insurance carriers) and 525110 (pension funds). 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 525190?
The SBA size standard for 525190 is $40M in average annual receipts. SBA averages total gross receipts over the last five completed fiscal years and adds in any affiliates under common control. An insurance fund 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 self insurance funds financed?
Members contribute to the fund, and the fund buys reinsurance or excess coverage for large losses. Regulators review reserves and funding levels. 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 525190 cover?
Other insurance funds. Industry level code in NAICS 2022, under 52 Finance and insurance, 525 Funds, trusts, and other financial vehicles, 5251 Insurance and employee benefit funds, 52519 Other insurance funds.
What financing do NAICS 525190 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 525190?
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.