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What are NAIC codes as shown on the SL-1905 – what do they mean?

April 26, 2017mean naic sl-1905

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What are NAIC codes as shown on the SL-1905 – what do they mean?

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These are the codes used in insurance company financial statements to identify lines of business. The codes are used in compliance with NAIC (National Assn. of Insurance Commissioners) standards. The data from this field on the SL-1905 helps the Department when it calculates the amount of funding the volunteer fire departments will receive.