NAICS UNIVERSITY · Free research for insurance agents
Trusts, Estates, and Agency Accounts
NAICS 525920 · United States · 2022 edition
This industry comprises legal entities, trusts, estates, or agency accounts, administered on behalf of the beneficiaries under the terms of a trust agreement, will, or agency agreement.
Activities described by this code
- Bankruptcy estates
- Private estates (i.e., administering on behalf of beneficiaries)
- Personal investment trusts
- Testamentary trusts
Other activities to examine
- Managing portfolios of trusts: 523940 — Portfolio Management and Investment Advice
- Administering personal estates: 523991 — Trust, Fiduciary, and Custody Activities;
Census classification reference
For educational purposes only. AI-generated insurance research and automated logic can contain errors. Independently verify classification and coverage decisions.
Compare another operationInsurance operations research — draft
These are legal entities — trusts, estates, and agency accounts — administered on behalf of beneficiaries under governing documents such as trust agreements, wills, or agency agreements. Day-to-day activity typically involves asset management, distributions, record-keeping, and compliance with fiduciary duties rather than conventional commercial operations. Examples include personal investment trusts, testamentary trusts, bankruptcy estates, and private estates.
Questions to investigate
- Is this a testamentary trust, inter vivos trust, agency account, or bankruptcy estate — and who is acting as trustee or administrator?
- Does the trust or estate own any physical real property that would require property or premises liability coverage?
- Are there any active disputes or litigation among beneficiaries or involving the trust assets?
- Does the governing document or any court order require a trustee bond or fidelity bond?
This insurance research was generated in April 2026. It has not received a complete human review. The October 12, 2026 audit checked codes and titles only, not descriptions or coverage assertions.