Overview
What is Pennsylvania Surplus Lines Association?
The Pennsylvania Surplus Lines Association (PSLA) is a nonprofit organization situated in Exton, Pennsylvania. Its primary function is to advocate for the interests of both resident and non-resident surplus lines licensees conducting business within the state. The PSLA plays a vital role in supporting Pennsylvania's insurance consumers, licensees, and regulators by promoting fairness and efficiency within the surplus lines insurance industry. The association provides training and education to all licensees, maintains an electronic database of statistical data entered by the licensees, and serves as an advisory organization to the Pennsylvania Insurance Department. In 2022, PSLA offered its services to 2,861 agencies. With a team of eight dedicated individuals, the association aims to enhance the understanding of the surplus lines marketplace for its members.
Official website here: www.pasla.org
Is Pennsylvania Surplus Lines Association legitimate?
Pennsylvania Surplus Lines Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Pennsylvania Surplus Lines 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: $373,829
Professional Fundraising Fees: $0
Other Salaries and Wages: $383,751
For more financial information, click here
Official website here: www.pasla.org
What is the mission statement of Pennsylvania Surplus Lines Association?
The Pennsylvania Surplus Lines Association's mission is centered around serving the interests of both resident and non-resident surplus lines licensees operating within the state. Their primary objective is to support the surplus lines insurance industry in a fair and efficient manner, benefiting insurance consumers, licensees, and regulators alike. The association provides educational resources to all licensees, acting as an advisory body to the Pennsylvania Insurance Department, offering insights and consultations on matters related to the surplus lines market in Pennsylvania. As a voluntary membership organization, the Pennsylvania Surplus Lines Association also fosters knowledge sharing among producers, licensees, insurance carriers, and other interested parties regarding the surplus lines marketplace. In 2022, the association offered services to 2,861 agencies.
Official website here: www.pasla.org
Who is the CEO of Pennsylvania Surplus Lines Association?
Marie E Rudert is the President Thru 11/22 of Pennsylvania Surplus Lines Association.
Official website here: www.pasla.org
What is the revenue of Pennsylvania Surplus Lines Association?
Pennsylvania Surplus Lines Association's revenue in 2022 was $2,697,401.
Official website here: www.pasla.org
Who are the executives of Pennsylvania Surplus Lines Association and what are their salaries?
The average compensation at Pennsylvania Surplus Lines Association during 2022 was $94,698. There are 8 employees and 8 volunteers at Pennsylvania Surplus Lines Association.
Here are 12 key members and their salaries:
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- Compensation: $182,535
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- Other: $28,495
- Compensation: $147,014
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- Other: $15,383
Official website here: www.pasla.org
Where can I find the form 990 for Pennsylvania Surplus Lines Association?
Pennsylvania Surplus Lines Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pasla.org
Learn more at the official website: www.pasla.org
Mission Statement of Pennsylvania Surplus Lines Association
The Pennsylvania Surplus Lines Association, a prominent organization, is dedicated to serving the interests of both resident and non-resident surplus lines licensees transacting business within Pennsylvania. Their mission is twofold: firstly, they aim to support Pennsylvania's insurance consumers, licensees, and regulators by fostering a fair and efficient surplus lines insurance industry. Secondly, they function as an advisory body for the Pennsylvania Insurance Department (PID), offering insights and consultations on matters concerning the surplus lines market in the state. The Association further provides training and education to all licensees, and serves as a voluntary membership for producers, licensees, insurance carriers, and other interested parties seeking to enhance their understanding of the surplus lines marketplace. In 2022, they offered their services to 2,861 agencies.
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Impact
October, 2024
The Pennsylvania Surplus Lines Association (PSLA) plays a crucial role in supporting the surplus lines insurance industry within the state. By representing the interests of both resident and non-resident surplus lines licensees, the PSLA ensures that these professionals can operate effectively and efficiently in Pennsylvania's unique marketplace.
One of its key contributions is the development and maintenance of an electronic database for statistical data, which enhances transparency and accessibility for the Pennsylvania Insurance Department (PID) and facilitates informed decision-making. The PSLA serves as an advisory body to the PID, providing valuable insights and recommendations on matters affecting the surplus lines market, thus fostering a more responsive regulatory environment.
Additionally, the PSLA is dedicated to educational initiatives, offering training programs that equip licensees with the necessary knowledge and skills to navigate the complexities of the surplus lines landscape. With a reach that extended to 2,861 agencies in 2022, the association plays a vital role in uniting producers, licensees, and insurance carriers, creating a collaborative atmosphere aimed at continuous improvement in the surplus lines sector.
Through these efforts, the PSLA significantly impacts Pennsylvania's insurance consumers, ensuring that they have access to diverse insurance products while supporting a fair and efficient insurance market.
This information is meant to be a general summary of Pennsylvania Surplus Lines 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: $39,671
- Program Service Revenue: $2,657,730
- Gross Receipts: $2,697,401
Assets and Liabilities:
- Total Assets: $8,302,613
- Total Liabilities: $672,250
- Net Assets: $7,630,363
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STAMPING FEES
Revenue
$2,657,730
Organization Details
Founding Year
1982
Phone
(610) 594-1340Principal Officer
Marie E Rudert
Main Address
180 SHEREE BOULEVARD STE 3100, EXTON, PA, 19341
Website
www.pasla.orgNTEE Category
Code: S41 - Community improvement
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