Direct Health and Medical Insurance Carriers

📘 Source: U.S. Census Bureau — 2022 NAICS Manual

This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) health and medical insurance policies. Group hospitalization plans and HMO establishments that provide health and medical insurance policies without providing health care services are included in this industry.

NAICS code 524114 — Direct Health and Medical Insurance Carriers — is used in SAM.gov to identify businesses whose primary activity falls within this classification. When you add this code to your SAM.gov entity registration, contracting officers searching for vendors in the Insurance Carriers space will be able to find your business.

If this code represents your primary business activity, designate it as your primary NAICS code. Your primary NAICS code determines your size standard for any contract solicited under this code. With a size standard of $47M average annual receipts, your business must be at or below this threshold to qualify as a small business for set-aside contracts under NAICS 524114.

What is NAICS code 524114?

NAICS code 524114 is 'Direct Health and Medical Insurance Carriers', classified under the Finance and Insurance sector (NAICS 52). This U.S. industry comprises establishments primarily engaged in initially underwriting (i.e., assuming the risk and assigning premiums) health and medical insurance policies. Group hospitalization p

What is the SBA small business size standard for NAICS code 524114?

The SBA defines a small business under NAICS code 524114 (Direct Health and Medical Insurance Carriers) as one with $47M average annual receipts. This size standard determines eligibility for small business set-aside contracts, 8(a), HUBZone, WOSB, and SDVOSB programs in SAM.gov.

How do I register NAICS code 524114 in SAM.gov?

To register NAICS code 524114 in SAM.gov: (1) Log in at sam.gov, (2) Navigate to your Entity Registration, (3) Go to the Assertions section, (4) Add 524114 (Direct Health and Medical Insurance Carriers) to your NAICS code list. You may designate one code as your Primary NAICS code.