Overview
What is Connecticut Life And Health Insurance Guaranty Association?
The Connecticut Life and Health Insurance Guaranty Association is a legislatively established organization, established in 1972 through the Connecticut Life and Health Insurance Guaranty Association Act (P.A. 280). This nonprofit entity provides a safety net for policyholders in the event of an insurance company's insolvency. The exact activities and mission of this association, however, are not specified in the information provided and are indicated as "See Schedule O," implying further details can be found in the organization's official schedule or guidelines.
Official website here: www.ctlifega.org
Is Connecticut Life And Health Insurance Guaranty Association legitimate?
Connecticut Life And Health Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Connecticut Life And 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: $164,972
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For more financial information, click here
Official website here: www.ctlifega.org
What is the mission statement of Connecticut Life And Health Insurance Guaranty Association?
The Connecticut Life and Health Insurance Guaranty Association, established in 1972 through the Connecticut Life and Health Insurance Guaranty Association Act (P.A. 280), serves as a statutory entity. Its primary role is not explicitly stated in the provided information, as the mission description mentions referring to a schedule O. However, generally speaking, such associations are typically set up to provide protection to policyholders in the event that an insurance company fails, ensuring the continuation of insurance coverage or payment of benefits.
Official website here: www.ctlifega.org
Who is the CEO of Connecticut Life And Health Insurance Guaranty Association?
Jessica Walker is the Chair of Connecticut Life And Health Insurance Guaranty Association.
Official website here: www.ctlifega.org
What is the revenue of Connecticut Life And Health Insurance Guaranty Association?
Connecticut Life And Health Insurance Guaranty Association's revenue in 2022 was $27,575.
Official website here: www.ctlifega.org
Who are the executives of Connecticut Life And 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.ctlifega.org
Where can I find the form 990 for Connecticut Life And Health Insurance Guaranty Association?
Connecticut Life And Health Insurance Guaranty Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ctlifega.org
Learn more at the official website: www.ctlifega.org
Mission Statement of Connecticut Life And Health Insurance Guaranty Association
The Connecticut Life and Health Insurance Guaranty Association, established in 1972 through the enactment of the Connecticut Life and Health Insurance Guaranty Association Act (P.A. 280) by the legislature, is a statutory entity with a significant mission. This organization serves as a safeguard, ensuring the financial stability of the life and health insurance industry within the state of Connecticut. Its primary role involves protecting policyholders in the event that their insurance company fails to meet its financial obligations. By providing this crucial service, the Connecticut Life and Health Insurance Guaranty Association upholds the trust and security that policyholders have in their insurance coverage.
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Impact
October, 2024
The Connecticut Life and Health Insurance Guaranty Association provides critical protection for policyholders in the event that an insurance company becomes insolvent. Established by the Connecticut legislature in 1972, its primary mission is to ensure that residents who are policyholders in life and health insurance plans are not left without coverage. By safeguarding policyholders, the association helps maintain public confidence in the insurance system, supports economic stability, and provides peace of mind to individuals and families who rely on these essential services. In doing so, it plays a significant role in the overall health insurance landscape of Connecticut, fostering consumer trust and enabling a more secure environment for both policyholders and insurers.
This information is meant to be a general summary of Connecticut Life And 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 2022.
- Investment Income: $17,410
- Program Service Revenue: $10,165
- Gross Receipts: $27,575
Assets and Liabilities:
- Total Assets: $1,494,980
- Total Liabilities: $200,699
- Net Assets: $1,294,281
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EARLY ACCESS PAYMENTS
Revenue
$10,165
Organization Details
Founding Year
1972
Phone
(475) 422-5235Principal Officer
Jessica Walker
Main Address
PO BOX 673, NEW MARKET, MD, 21774
Website
www.ctlifega.orgNTEE Category
Code: E81Z - Health
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