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All glossary terms
Brokerage operations

SIC code

Definition

Standard Industrial Classification code — a 4-digit industry classifier the federal government has used since 1937. NAICS codes officially replaced SIC in 1997, but SIC is what's still on most ERISA Form 5500 filings.

For brokers

Velora indexes brokers' books and prospect lists by SIC code so renewal-month cadences can be filtered to industry-relevant content (e.g. construction-specific safety messaging in plan-comparison emails).

Related in brokerage operations

AMS

The system-of-record for a brokerage's book — clients, plans, policies, commissions, renewals.

TPA

A vendor that processes claims, manages eligibility, and handles plan administration for a self-funded employer.

NAICS

The 6-digit successor to SIC, replacing it for federal statistical purposes in 1997.

Enrolled lives

The count of employees + dependents covered under a benefits plan.

Velora speaks the broker domain natively.

SIC, enrolled lives, renewal month, current carrier — every term in this glossary corresponds to a field Velora's outbound engine actually uses for targeting, segmentation, and cadence selection.

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