SCIAN 524—Insurance, surety, and retirement fund managementt companies

Where 524 sits

1. 52 Financial and insurance services
2. 524 Insurance, surety, and retirement fund managementt companies

Contains 2 narrower codes

• 5241 Insurance and surety companies
• 5242 Services related to insurance and surety bonds, and retirement fund managementt

Description

Economic units primarily engaged in issuing insurance policies, such as life, accident, theft or damage insurance; underwriting surety bonds; providing services related to insurance and surety bonds, and managing retirement funds.

What 524 includes

• Economic units (insurance companies) primarily engaged in contracting insurance with correlated risks (reinsurance), and economic units (surety companies) primarily engaged in distributing the risk of a surety between two or more surety companies (resureance).

Cross-references for 524

• Establishments primarily engaged in the administration of resources raised through financial funds to stimulate social and production activities (522, Non-stock exchange credit and financial intermediation institutions); Entities (investment instruments) whose purpose is to invest resources intended for the long term (retirement) and which may be used when the holder (the worker) reaches retirement age or in cases of disability or incapacity, and Entities (investment instruments) whose purpose is the acquisition and sale of investment assets with resources from the placement of shares representing their social capital in the market (525, Investment companies specialized in retirement funds and investment funds).

524 in other systems