In Florida, a business must have a five-digit company code that indicates its authorization to sell insurance products in the state, explains the Brevard Tax Collector's Office. These codes often comprise the final five digits of individuals' policy numbers or appear in their insurance documentation as CO or COMP codes.Continue Reading
A user can search for a particular insurer's company code on the Florida Office of Insurance Regulation's website; users can also perform reverse lookups, using codes as search terms to identify business names. Individuals can download the data in spreadsheet form or use the company codes to find insurers that provide specific types of coverage. Moreover, the site allows individuals to use codes to identify insurers' various mailing addresses, company types, federal employer identification numbers, dates of licensing for operation in Florida, and authorization statuses. As of August 2015, common examples include 06020 for Blue Cross & Blue Shield of Florida, 05901 for Humana Insurance Company, 05524 for Berkshire Life Insurance Company of America and 05249 for Fidelity Security Life Insurance Company, according to the Florida Department of Financial Services.
The National Association of Insurance Commissioners assigns insurers separate NAIC company codes, notes the organization's website. Individuals can also use these codes to identify insurers operating in different industry segments. These codes can assist insurers in filing their annual reports and tax returns, according to Safeco Insurance.Learn more about Insurance