The NAIC code for The General, a well-known auto insurance provider, is 13703. This unique identifier is assigned by the National Association of Insurance Commissioners (NAIC) to insurance companies operating in the United States.
Understanding NAIC Codes
NAIC codes are five-digit numbers used by the National Association of Insurance Commissioners to identify specific insurance companies. These codes are crucial for various reasons:
- Regulatory Oversight: They help state insurance departments and regulators track and monitor the financial stability and operational compliance of insurance companies.
- Consumer Protection: Consumers can use NAIC codes to look up information about a specific insurer, including licensing status, complaint history, and financial ratings.
- Data Analysis: Researchers and industry professionals use these codes to analyze market trends, financial performance, and other relevant data across the insurance sector.
Each insurance company authorized to conduct business in a U.S. state is assigned an NAIC code, making it easy to identify them in regulatory databases.
About The General
The General, legally known as Permanent General Assurance Corporation, has a rich history in the insurance industry. Established in 1963, the company is known for providing auto insurance coverage, particularly to drivers who may have difficulty obtaining policies from other insurers due to past driving records or other factors.
Key Facts about The General:
- Company Name: Permanent General Assurance Corporation (doing business as The General)
- NAIC Code: 13703
- Focus: Primarily provides auto insurance
- History: Began operations in 1963, focusing on making insurance accessible.
- Parent Company: A subsidiary of American Family Insurance.
The company's long-standing presence in the market underscores its commitment to serving a broad range of policyholders. For more detailed information about the company's background and services, you can visit their official website's "About Us" section.
How NAIC Codes are Used by Consumers
While primarily a regulatory tool, NAIC codes can be beneficial for consumers:
- Verifying an Insurer: If you receive an insurance quote, you can use the NAIC code to verify that the company is legitimate and licensed in your state.
- Researching Company Information: Websites like the NAIC Consumer Information Source (CIS) allow you to enter an NAIC code to view an insurer's financial data, complaint history, and contact information.
- Filing Claims or Complaints: Having the NAIC code readily available can streamline the process if you need to file a claim or a formal complaint against an insurance company.
Below is a summary table for The General's NAIC code:
| Company Name | NAIC Code | Primary Service |
|---|---|---|
| The General | 13703 | Auto Insurance |
Understanding the importance of NAIC codes empowers both regulators and consumers to navigate the complex world of insurance with greater transparency and confidence.
