These are codes used to describe or classify businesses based upon the products or services they provide. When you apply for group health insurance coverage, you may be asked to provide the SIC code for your business. This code provides the insurance company with information about the kind of work your employees are likely to perform and may be used to help determine a monthly premium.
Insurance companies reserve the right to change the terms of a policy after properly notifying you. Please note that definitions of certain terms may vary across insurance companies.