SAC Code 997139 - Other non-life insurance services (excluding reinsurance services)
- The first two digits of the SAC code are 99 which represents all services.
- The first four digits of the SAC code are 9971 which represent the services that come under the heading, Financial and related services.
- The complete six digit SAC code 997139 is used for Other non-life insurance services (excluding reinsurance services).
Additional Notes on the SAC code 997139
Other non -life insurance services ( excluding reinsurance services) This service code includes: - underwriting services of insurance policies which cover risks of all types of liability including liability for defective products, bodily injury, property damage, pollution, malpractice, etc., other than liability covered in service code 997 134 (Motor vehicle insurance services),997135 (Marine, aviation and other transport insurance services) and 997137 (Other property insurance services) - underwriting services of insurance policies which cover risks of excessive credit losses because of de btor insolvency - underwriting services of insurance policies which cover risks of non - performance or failure to satisfy a contractual financial obligation by a party to a contract or agreement - underwriting services of policies for legal expense insurance, mortgage insurance, fidelity insurance or title insurance - underwriting services of insurance policies which cover risks of miscellaneous financial loss, that is, expenses arising from the following risks: loss of employment, insufficiency of income (general), bad weather, loss of benefits, continuing general expenses, unforeseen trading expenses, loss of market value, loss of rent or revenue, indirect trading losses (other than those mentioned above), other financial loss (non -trading) and other forms of loss - underwriting services of insurance policies which cover other non -life risks n.e.c.
This SAC code comes under the SAC heading - 9971 - Financial and related services
This heading contains the following SAC Codes -
| SAC Code | Description |
|---|---|
| 997111 | Central banking services |
| 997112 | Deposit services |
| 997113 | Credit-granting services including stand-by commitment, guarantees & securities |
| 997114 | Financial leasing services |
| 997119 | Other financial services (except investment banking, insurance services and pension services) |
| 997120 | Investment banking services |
| 997131 | pension services |
| 997132 | Life insurance services (excluding reinsurance services) |
| 997133 | Accident and health insurance services |
| 997134 | Motor vehicle insurance services |
| 997135 | Marine, aviation, and other transport insurance services |
| 997136 | Freight insurance services & Travel insurance services |
| 997137 | Other property insurance services |
| 997139 | Other non-life insurance services (excluding reinsurance services) |
| 997141 | Life reinsurance services |
| 997142 | Accident and health reinsurance services |
| 997143 | Motor vehicle reinsurance services |
| 997144 | Marine, aviation and other transport reinsurance ser |
| 997145 | services |
| 997146 | Freight reinsurance services |
| 997147 | Other property reinsurance services |
| 997149 | Other non-life reinsurance services |
| 997151 | Services related to investment banking such as mergers & acquisition services, corporate finance & venture capital services |
| 997152 | Brokerage and related securities and commodities services including commodity exchange services |
| 997153 | Portfolio management services except pension funds |
| 997154 | Trust and custody services |
| 997155 | Services related to the administration of financial markets |
| 997156 | Financial consultancy services |
| 997157 | Foreign exchange services |
| 997158 | Financial transactions processing and clearing house services |
| 997159 | Other services auxiliary to financial services |
| 997161 | Insurance brokerage and agency services |
| 997162 | Insurance claims adjustment services |
| 997163 | Actuarial services |
| 997164 | Pension fund management services |
| 997169 | Other services auxiliary to insurance and pensions |
| 997171 | Services of holding equity of subsidiary companies |
| 997172 | Services of holding securities and other assets of trusts and funds and similar financial entities |