Class Code: 8723

Per NCCI's Scopes Code Description:

Code 8723 is applicable to employees of insurance companies. Insurance companies include carriers or providers, both exclusive and independent agents, brokers, and ratemaking organizations. These businesses provide coverage for individuals, businesses, or property in exchange for premium. These businesses may also bind coverage, sell policies or place coverage, develop rates, process claims, and collect data.

Employees common to insurance companies include actuaries, underwriters, customer service representatives, sales agents, premium auditors, inside claims adjusters, analysts, and other professional support such as lawyers, computer programmers, computer troubleshooters, accountants, managers, etc. This list is representative and is not intended to be all inclusive.

Related Operations Not Classified to Code 8723:

•    Refer to Code 8720 for insurance company inspectors, outside claims adjusters, examiners, appraisers, and detectives or investigators.
•    Contracted services, such as real estate appraisals or investigations, to be classified separately.
•    Title insurance companies are separately rated to the appropriate clerical and sales classifications.

Rate per $100. of Renumeration: $ 0.09

Construction Exemption Required: No