Standard Security Life Insurance Company of New York: Federal ID Number Explained

What Is a Federal ID Number?

A Federal ID number, often called the NAIC (National Association of Insurance Commissioners) number, is a unique identifier assigned to every licensed insurance company in the United States. Regulators, agents, and consumers use it to confirm a company's legal status, track filings, and access financial data.

Standard Security Life Insurance Company of New York – Basic Profile

Standard Security Life Insurance Company of New York is a subsidiary of Standard Security Life Insurance Company, which operates in several states. The New York entity is licensed by the New York State Department of Financial Services (DFS) and is subject to state‑specific reporting requirements.

Key Identifiers

• Legal name: Standard Security Life Insurance Company of New York
• Headquarters: 101 Main Street, New York, NY 10001 (example address for illustration)
• State license: New York

Federal ID (NAIC) Number for Standard Security Life Insurance Company of New York

The Federal ID (NAIC) number assigned to Standard Security Life Insurance Company of New York is **84242**. This number appears on the company's NAIC filings, the New York DFS website, and in the public insurance data portals used by agents and consumers.

How to Verify the Federal ID Number

Verification can be done through several official sources:

• NAIC Consumer Database: Search by company name or NAIC number.
• New York DFS License Lookup: Enter the company name to view its license status and NAIC number.
• State Insurance Commission Websites: Most states provide a searchable registry of licensed insurers.

Why the Federal ID Number Matters

The NAIC number is essential for:

• Checking the insurer's financial strength ratings (e.g., A.M. Best, Moody's).
• Accessing the company's annual statements and statutory filings.
• Ensuring agents are selling policies from a properly licensed carrier.

Regulatory Oversight and Consumer Protections

Standard Security Life Insurance Company of New York is overseen by:

• New York State Department of Financial Services (DFS): Issues and renews the state license, conducts examinations, and enforces consumer protection rules.
• NAIC: Provides a national framework for solvency monitoring and data standardization.

Practical Steps for Policyholders and Prospects

If you are reviewing a life insurance quote or policy from Standard Security Life Insurance Company of New York, follow these steps:

Frequently Asked Questions

Is the Federal ID the same as an EIN?

No. The Federal ID (NAIC number) identifies the insurance carrier for regulatory purposes, while an Employer Identification Number (EIN) is used for tax reporting.

Can the NAIC number change?

Only if the company undergoes a merger, acquisition, or re‑organization that results in a new legal entity. In such cases, the NAIC assigns a new number and updates public records.

Where else is the NAIC number used?

It appears on policy declarations, agents' licensing records, and on the NAIC's Consumer Information Source, which consumers can consult before purchasing a policy.

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