Class 6623 - Pre-need plan activities
PSIC Class 6623 covers Pre-need plan activities. Current child subclasses include Pre-need Plan for Health, Pre-need Plan for Education, and Pre-need Plan for Memorial and Interment. This four-digit layer is useful when...
Child codes
These are the next codes most users should open after this hub page.
Nearby codes
Practical summary
Class 6623 sits in the PSIC 2019 hierarchy under K Financial and Insurance Activities > 66 Activities Auxiliary to Financial Service and Insurance Activities > 662 Activities auxiliary to insurance and pension funding. This class usually fans out into more specific subclasses such as Pre-need Plan for Health, Pre-need Plan for Education, and Pre-need Plan for Memorial and Interment. It is the level people use when they already know the activity family but still need the exact five-digit match.
Where this code is used
This class is used when a business can already narrow the activity family and only needs to compare the final subclasses such as Pre-need Plan for Health, Pre-need Plan for Education, and Pre-need Plan for Memorial and Interment. It is the level most often checked before a five-digit decision is finalized.
How to choose it
Use this class to choose between its final subclasses such as Pre-need Plan for Health, Pre-need Plan for Education, and Pre-need Plan for Memorial and Interment. If two options look close, compare the exact activity, the outputs and the way the business actually earns revenue.
Official note
Source-backed description
This class includes pre-need plans for health, education, memorial, interment, pension and travel. 6629 66290 Other activities auxiliary to insurance and pension funding This class includes: Activities involved in or closely related to insurance and pension funding (except financial intermediation, claims adjusting and activities of insurance agents): salvage administration; actuarial services This class excludes marine salvage activities, see 5222.
FAQ
What does PSIC Class 6623 cover?
PSIC Class 6623 is the four-digit layer that sits just above the final subclasses and usually defines the activity family for Pre-need plan activities.
How do I compare Class 6623 with the sibling classes?
Read the neighboring classes and compare the exact wording of the child subclasses. Nearby options include 6621 Risk and damage evaluation and 6622 Activities of insurance agents and brokers.
Why does Class 6623 matter for a filing decision?
It is usually the last broad checkpoint before the five-digit subclass choice, so it is the right place to catch near-miss classifications.