Organizations that are established as vehicles for their parent corporations to set aside funds for workers compensation, medical malpractice, general liability claims, and other insurance purposes. This code is used primarily for organizations exempt from federal taxes under 501(c)(3) of the Internal Revenue Code.
Key words: Casualty Insurance; Disability Insurance; General Liability Insurance; Group Insurance; Life Insurance; Medical Malpractice Insurance, Professional Malpractice Insurance; Property Insurance; Workers Compensation Insurance; VEBA
Scope notes: Include VEBAs: "A voluntary employees beneficiary association (VEBA) under Internal Revenue Code section 501(c)(9) is an organization organized to pay life, sick, accident, and similar benefits to members..."
See also: Health (General & Financing)
State-sponsored organizations established exclusively to reimburse its members for losses under workers compensation acts. This code is used primarily for organizations exempt from federal taxes under 501(c)(27) of the Internal Revenue code.