Concept: Insurance; financial affairs; monetary affairs; real estate affairs in the ncl vocabulary

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Concept URI	http://dd.eionet.europa.eu/vocabulary/eurostat/ncl/NCL36
Preferred label	Insurance; financial affairs; monetary affairs; real estate affairs
Definition	This class includes activities relating to finance, real estate transactions and insurance. If a service affects the movement of money, investments in the form of money, insurance, or real estate, the service is classified in Class 36. Most brokerage services are in Class 36 because a broker is a financial liaison between two entities that have goods or services to exchange for monetary value. The only exceptions are freight brokerage and transport brokerage which are in Class 39 because this service involves setting up freight transportation services and such services are in Class 39. The Alphabetical List includes entries for appraisal, valuation and evaluation services in Class 36 when they are done for financial or monetary purposes. The purpose of these services in Class 36 is to determine the value of a particular item for its owner. The owner may use that valuation as a basis for insurance coverage or as a guideline for the sale or purchase of such goods. There are also appraisal, valuation and/or evaluation services in classes other than Class 36. For example, "business appraisal" services are not included in Class 36. As would be expected, these services are in Class 35 since they clearly and uniquely provide "help in the management of the business affairs or commercial functions of an industrial or commercial enterprise". The information obtained through a business appraisal may not have an immediate financial or monetary purpose. It may be to evaluate business efficiency or customer service. While improvement in these areas as a result of the appraisal may result in an increase in profit for the business, the immediate purpose of the appraisal may not be primarily for that financial or monetary outcome. Also, appraisal, valuation or evaluation services that are to assess the quality of the item or activity being examined are not in Class 36. These quality evaluation services are in Class 42 since they often involve the type of testing, analysis and research activities that are included in Class 42.
Notation	NCL36
Status	Valid
Status Modified	2013-09-18
Accepted Date	2013-09-18
Not Accepted Date