A State Farm NAIC quantity, also referred to as a Nationwide Affiliation of Insurance coverage Commissioners (NAIC) quantity, is a novel identifier assigned to insurance coverage corporations licensed in the US. For instance, State Farm’s NAIC quantity is 20087.
NAIC numbers are important for figuring out insurance coverage suppliers and guaranteeing they’re working legally. They streamline communication between insurance coverage corporations, regulators, and customers. The NAIC system dates again to 1965 when the NAIC was created to advertise uniformity in insurance coverage regulation.
