Overview
What is Kansas Insurance Guaranty Association?
The Kansas Insurance Guaranty Association is a nonprofit organization situated in Denver, Colorado. Its primary mission is to efficiently handle and settle insurance claims for policyholders and claimants of insolvent property and casualty insurance companies, as per the Kansas Insurance Guaranty Association Act. This is done in collaboration with regulatory bodies and receivers. In 2022, they reviewed and managed over 70 claim files, with 67 still pending at year's end. Throughout the year, they issued over 1,500 checks to claimants and providers. The association is responsible for managing its funds effectively while fulfilling its obligations.
Official website here: www.ksiga.org
Is Kansas Insurance Guaranty Association legitimate?
Kansas Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kansas 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.
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Official website here: www.ksiga.org
What is the mission statement of Kansas Insurance Guaranty Association?
The Kansas Insurance Guaranty Association's mission is centered around efficiently settling insurance claims of policyholders and claimants from insolvent property and casualty insurers, as mandated by the Kansas Insurance Guaranty Association Act. They work in collaboration with regulators and receivers to ensure the responsible management of the association's funds while settling these claims. In 2022, they reviewed over 70 claim files and had 67 claims pending at year's end, issuing over 1,500 checks to claimants and providers throughout the year.
Official website here: www.ksiga.org
Who is the CEO of Kansas Insurance Guaranty Association?
Chad Anderson is the Board Chair of Kansas Insurance Guaranty Association.
Official website here: www.ksiga.org
What is the revenue of Kansas Insurance Guaranty Association?
Kansas Insurance Guaranty Association's revenue in 2022 was $414,603.
Official website here: www.ksiga.org
Who are the executives of Kansas Insurance Guaranty Association and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.ksiga.org
Where can I find the form 990 for Kansas Insurance Guaranty Association?
Kansas Insurance Guaranty Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ksiga.org
Learn more at the official website: www.ksiga.org
Mission Statement of Kansas Insurance Guaranty Association
The Kansas Insurance Guaranty Association, a crucial entity, is devoted to ensuring the efficient resolution of insurance claims for policyholders and claimants whose insurers have become insolvent. This mission is carried out in accordance with the Kansas Insurance Guaranty Association Act, and involves cooperating closely with regulators and receivers. The association's primary responsibility is to manage the funds at its disposal responsibly, while diligently processing and settling eligible claims. In 2022, the Kansas Insurance Guaranty Association reviewed numerous claim files and issued over 1,500 checks to claimants and providers, demonstrating its commitment to fulfilling this mission efficiently.
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Impact
October, 2024
The Kansas Insurance Guaranty Association plays a critical role in protecting policyholders and claimants in the event of insurer insolvency. By efficiently processing and paying covered claims for those affected by the collapse of property and casualty insurers, the Association ensures that individuals are not left without recourse in difficult times. In 2022, the Association reviewed over 70 claim files, highlighting its commitment to thorough and effective claims management. The issuance of over 1,500 checks to claimants and providers during the same year demonstrates its significant impact on the financial well-being of affected individuals and entities. By managing funds responsibly and collaborating with regulators and receivers, the Kansas Insurance Guaranty Association enhances stability and confidence in the insurance market, ultimately benefiting the community it serves.
This information is meant to be a general summary of Kansas 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: $247,702
- Program Service Revenue: $166,901
- Gross Receipts: $414,603
Assets and Liabilities:
- Total Assets: $36,137,198
- Total Liabilities: $0
- Net Assets: $36,137,198
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Claim Recoveries
Revenue
$166,901
Organization Details
Founding Year
1970
Phone
(303) 759-5066Principal Officer
Chad Anderson
Main Address
1873 So Bellaire St Suite 920, Denver, CO, 80222
Website
www.ksiga.orgNTEE Category
Code: Y20 - Mutual benefit
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