State Farm Naic Number: What You Need To Know

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The National Association of Insurance Commissioners (NAIC) is a non-profit organization that provides regulatory support and information to state insurance regulators. Each insurance company is assigned a unique NAIC number, which is used to identify the company and provide information about its financial stability, claims handling, and other regulatory data.

State Farm is one of the largest insurance companies in the United States, and its NAIC number is a critical piece of information for policyholders, insurance agents, and regulatory bodies. In this article, we will explore the State Farm NAIC number, its significance, and what you need to know about it.

What is the State Farm NAIC Number?

The State Farm NAIC number is 25143. This number is used to identify State Farm Mutual Automobile Insurance Company, which is the parent company of the State Farm group of insurance companies.

Why is the NAIC Number Important?

The NAIC number is essential for several reasons:

1. Regulatory Compliance: The NAIC number is used by state insurance regulators to track and monitor insurance companies' financial stability, claims handling, and other regulatory data.
2. Financial Rating: The NAIC number is used to access financial rating information about the insurance company. This information helps policyholders and insurance agents evaluate the company's financial strength and stability.
3. Claims Handling: The NAIC number is used to access information about the insurance company's claims handling practices. This information helps policyholders and insurance agents evaluate the company's ability to pay claims and handle customer complaints.
4. Consumer Information: The NAIC number is used to access consumer information about the insurance company, including complaint data and market conduct examination reports.

How to Use the State Farm NAIC Number

You can use the State Farm NAIC number to access information about the company's financial stability, claims handling, and regulatory data. Here are some ways to use the NAIC number:

1. NAIC Website: You can visit the NAIC website () and enter the State Farm NAIC number (25143) to access information about the company's financial stability, claims handling, and regulatory data.
2. State Insurance Department Website: You can visit your state insurance department website and enter the State Farm NAIC number (25143) to access information about the company's regulatory data and consumer complaints.
3. Insurance Agent or Broker: You can contact a State Farm insurance agent or broker and ask them to provide you with information about the company's NAIC number and regulatory data.

Benefits of Knowing the State Farm NAIC Number

Knowing the State Farm NAIC number can provide several benefits, including:

1. Improved Transparency: The NAIC number provides transparent information about the insurance company's financial stability, claims handling, and regulatory data.
2. Increased Accountability: The NAIC number holds insurance companies accountable for their financial stability, claims handling, and regulatory compliance.
3. Better Decision Making: The NAIC number provides policyholders and insurance agents with critical information to make informed decisions about their insurance needs.

Conclusion

In conclusion, the State Farm NAIC number is a critical piece of information that provides transparency, accountability, and better decision making for policyholders and insurance agents. By knowing the State Farm NAIC number (25143), you can access information about the company's financial stability, claims handling, and regulatory data. This information can help you make informed decisions about your insurance needs and ensure that you are working with a financially stable and reliable insurance company.

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