JSIC J—Finance and insurance

Where J sits

1. J Finance and insurance

Contains 6 narrower codes

• 62 Banking
• 63 Financial institutions for cooperative organizations
• 64 Non-deposit money corporations, including lending and credit card business
• 65 Financial products transaction dealers and futures commodity transaction dealers
• 66 Financial auxiliaries
• 67 Insurance institutions, including insurance agents, brokers and services

Description

This Division comprises establishments engaged in "Finance" or "Insurance."

Cooperatives primarily engaging in finance and insurance, establishments engaging in mutual aid enterprise related to agriculture or fishery, and establishments engaged in fishing boat insurance are included in this Division.

However, establishments engaged in social insurance business are classified either in the Division P – MEDICAL, HEALTH CARE AND WELFARE [8511] or Division S–GOVERNMENT, EXCEPT ELSEWHERE CLASSIFIED [9731, 9811, 9821].

1. Finance

Establishments engaged in financing funds between the lending and borrowing parties, and establishments engaged in intermediating financial transactions between both parties are classified in this category. (1) Financing-funds institutions "Financing-funds institutions" refer to the following establishments. (a) Banks handling deposits vis-à-vis lending funds, and deposit-handling institutions such as financial institutions for small businesses and financial institutions for agriculture, forestry and fisheries. (b) Credit institutions which do not deal with savings, including credit and finance businesses, credit card institutions. (2) Intermediary institutions for financial transactions Establishments engaged in intermediating financial transactions include financial products transaction brokers and dealers, future commodity transaction dealers, commodity investment advisors, etc. (3) Establishments engaged in auxiliary and incidental operations and establishments engaged in trust business, financial brokers and intermediaries closely associated with items (1) and (2) above.

2. Insurance institutions

This is a business in which the payment of an insurance premium is required and, when a prescribed insured event happens, the insurance claim is paid out. Establishments engaged in insurance business (life insurance, non-life insurance), mutual aid operations and small-amount short-term insurance business, and insurance agents and brokers, insurance service institutions incidental to these are classified under "Insurance."

J in other systems