The identification quantity assigned to The Vacationers Corporations, Inc. by the Nationwide Affiliation of Insurance coverage Commissioners (NAIC) is a singular five-digit code. This numerical identifier serves as a regulatory software, facilitating monitoring and oversight of insurance coverage entities working inside the USA. For instance, state insurance coverage departments make the most of this code to observe monetary efficiency, compliance, and market conduct.
Utilizing this identifier supplies a number of benefits. It promotes standardized information assortment and reporting throughout the insurance coverage trade. This standardization permits environment friendly evaluation of market traits, monetary stability evaluation of particular person insurers, and the identification of potential dangers throughout the insurance coverage sector. The code has been a vital part of insurance coverage regulation since its inception, evolving along with trade progress and regulatory developments.