Overview
What is Vt Life & Health Insurance Guaranty Association?
The Vt Life & Health Insurance Guaranty Association, located in Montpelier, Vermont, is a nonprofit organization dedicated to safeguarding policyholders in the state. Its primary mission is to ensure protection for those with policies from insolvent insurance companies. By providing guarantees, the association aims to shield Vermont residents from potential financial losses, thereby maintaining trust in the insurance industry. The association operates with a customer-centric focus, ensuring the well-being of its served population.
Official website here: www.vtlifega.org
Is Vt Life & Health Insurance Guaranty Association legitimate?
Vt Life & Health Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Vt Life & Health Insurance Guaranty Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $93,950
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.vtlifega.org
What is the mission statement of Vt Life & Health Insurance Guaranty Association?
The Vt Life & Health Insurance Guaranty Association is committed to safeguarding policyholders in Vermont. It ensures protection for individuals with policies from insolvent insurance companies by providing guarantees. The Association's primary mission is to prioritize the needs of its customers, operating with a focus on protection. By doing so, it operates as a shield for policyholders, providing them with peace of mind during challenging financial circumstances related to insurance companies.
Official website here: www.vtlifega.org
What is the revenue of Vt Life & Health Insurance Guaranty Association?
Vt Life & Health Insurance Guaranty Association's revenue in 2023 was $204,378.
Official website here: www.vtlifega.org
Who are the executives of Vt Life & Health Insurance Guaranty Association and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.vtlifega.org
Where can I find the form 990 for Vt Life & Health Insurance Guaranty Association?
Vt Life & Health Insurance Guaranty Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.vtlifega.org
Learn more at the official website: www.vtlifega.org
Mission Statement of Vt Life & Health Insurance Guaranty Association
The Vt Life & Health Insurance Guaranty Association, in essence, is dedicated to ensuring the safety and security of Vermont policyholders. With a mission that prioritizes protection, this organization safeguards policyholders who hold policies with insolvent insurance companies. By offering guarantees, the association serves as a shield for its customers, ensuring they are not left unprotected in the event of an insurer's financial downturn. The organization's primary goal is to uphold its mission, thereby providing a sense of assurance to the policyholders it serves.
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Impact
October, 2024
The Vt Life & Health Insurance Guaranty Association plays a crucial role in safeguarding Vermont policyholders by providing a safety net for individuals with insurance policies from insolvent insurers. By ensuring that these policyholders receive the benefits they are entitled to, the Association helps maintain consumer confidence in the insurance market. This protection is vital for promoting financial stability and security among residents, particularly in times of economic uncertainty or insurer failure. Operating out of Montpelier, VT, the Association’s primary mission centers on protecting customers, thereby enhancing community trust and welfare. Its impact underscores the importance of a robust insurance safety net, ultimately contributing to the overall resilience of the Vermont community.
This information is meant to be a general summary of Vt Life & Health Insurance Guaranty Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $41,782
- Program Service Revenue: $162,596
- Gross Receipts: $204,378
Assets and Liabilities:
- Total Assets: $1,002,134
- Total Liabilities: $0
- Net Assets: $1,002,134
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ESTATE ASSET DISTRIBS
Revenue
$162,596
Organization Details
Founding Year
1971
Principal Officer
Robert Burke
Website
www.vtlifega.orgNTEE Category
Code: S40 - Community improvement
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