NAICS Canada 524122—Direct, private, automobile insurance carriers

Where 524122 sits

1. 52 Finance and insurance
2. 524 Insurance carriers and related activities
3. 5241 Insurance carriers
4. 52412 Direct insurance (except life, health and medical) carriers
5. 524122 Direct, private, automobile insurance carriers

Description

This Canadian industry comprises private establishments in which more than 70 percent of nominal output is derived from underwriting automobile insurance directly to policyholders. Nominal output is measured as premiums less claims plus investment income.

What 524122 includes

• Insurance for private and commercial vehicles
• Liability insurance and vehicle loss or damage insurance

What 524122 excludes

• Government-owned automobile insurance carriers (see 524123 direct, public, automobile insurance carriers (can))
• Reinsuring automobile insurance (see 524133 automobile reinsurance carriers (can))

Example activities

• direct, private, automobile insurance carriers
• direct, private, automobile insurance carriers
• insurance for private and commercial vehicles
• liability insurance and vehicle loss or damage insurance

524122 in other systems