Group 662 - Activities auxiliary to insurance and pension funding
PSIC Group 662 covers Activities auxiliary to insurance and pension funding. Direct children below it include Risk and damage evaluation, Activities of insurance agents and brokers, and Pre-need plan activities. It...
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Practical summary
Group 662 sits in the PSIC 2019 hierarchy under K Financial and Insurance Activities > 66 Activities Auxiliary to Financial Service and Insurance Activities. This group usually narrows the choice to a small family of classes such as Risk and damage evaluation, Activities of insurance agents and brokers, and Pre-need plan activities. It is useful when two or three neighboring activities look similar but should not be collapsed into one code.
Where this code is used
This group is used when reviewers compare a short list of classes such as Risk and damage evaluation, Activities of insurance agents and brokers, and Pre-need plan activities and need to decide which family is the closest fit. It is common in internal classification review and administrative lookup work.
How to choose it
Use this group when the activity sits between similar classes such as Risk and damage evaluation, Activities of insurance agents and brokers, and Pre-need plan activities. The safest choice is the one whose wording matches the actual production, service or operating model most closely.
Official note
Source-backed description
This group includes activities of those acting as agents (i.e. broker) in selling annuities and insurance policies or providing other employee benefits and insurance and pension related services such as claims adjustment and third party administration.
FAQ
What does PSIC Group 662 cover?
PSIC Group 662 clusters a smaller family of classes under Activities auxiliary to insurance and pension funding and is useful when the business sits between closely related options.
How do I compare Group 662 with sibling groups?
Look at the parent class and the nearby sibling groups. On this page, the most relevant nearby options are 661 Activities auxiliary to financial service, except insurance and pension funding and 663 Fund management activities.
Why is Group 662 useful for classification?
It sits at the point where a broad sector is already narrowed enough to compare a small family of similar classes before the final code choice.