SCIAN 5242—Services related to insurance and surety bonds, and retirement fund managementt

Where 5242 sits

1. 52 Financial and insurance services
2. 524 Insurance, surety, and retirement fund managementt companies
3. 5242 Services related to insurance and surety bonds, and retirement fund managementt

Contains 2 narrower codes

• 52421 Insurance and surety agents, adjusters and managers
• 52422 Retirement fund management

Description

Economic units primarily engaged in providing services related to insurance and bonds, such as the placement or direct sale to the public of insurance or bond contracts or policies; the making of adjustments and management of insurance in case of loss, and the administration of retirement funds.

Cross-references for 5242

• Establishments primarily engaged in Economic Development Financial Institutions; the issuance of life insurance policies, against accidents, theft or damages; the insurance of the lives of farmers and their properties, and surety companies (5241, Insurance and surety companies); Entities (investment instruments) whose purpose is to invest resources intended for the long term (retirement) and that may be used when the holder (the worker) reaches retirement age or in cases of disability or incapacity (5251, Investment companies specialized in retirement funds), and Entities (investment instruments) whose purpose is the acquisition and sale of investment assets with resources from the placement of shares representing their social capital in the market (5252, Investment funds).

5242 in other systems