Overview
What is Kansas Life And Health Insurance Guaranty Association?
The Kansas Life and Health Insurance Guaranty Association is a state-established organization situated in Topeka, Kansas. Its primary mission is to safeguard policyholders of struggling or bankrupt insurance companies, as outlined in Section KSA40-3001 et seq. of the state insurance code. With a small workforce of three individuals, they aim to ensure continuity of coverage and benefits for policyholders in such instances, providing them with crucial financial support during challenging times.
Official website here: www.kslifega.org
Is Kansas Life And Health Insurance Guaranty Association legitimate?
Kansas Life And Health Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kansas 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: $168,300
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,306
For more financial information, click here
Official website here: www.kslifega.org
What is the mission statement of Kansas Life And Health Insurance Guaranty Association?
The Kansas Life and Health Insurance Guaranty Association's mission is centered around safeguarding the interests of policyholders who are affected by financially troubled or insolvent insurance companies. Established in accordance with the state insurance code, this organization provides essential protections to policyholders, ensuring continuity of coverage and financial stability during challenging times. This association operates under the principle of upholding policyholder rights and maintaining confidence in the insurance industry.
Official website here: www.kslifega.org
What is the revenue of Kansas Life And Health Insurance Guaranty Association?
Kansas Life And Health Insurance Guaranty Association's revenue in 2024 was $29,691,992.
Official website here: www.kslifega.org
Who are the executives of Kansas Life And Health Insurance Guaranty Association and what are their salaries?
The average compensation at Kansas Life And Health Insurance Guaranty Association during 2024 was $96,803. There are 2 employees at Kansas Life And Health Insurance Guaranty Association.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $168,300
- Related: $0
- Other: $0
Official website here: www.kslifega.org
Where can I find the form 990 for Kansas Life And Health Insurance Guaranty Association?
Kansas Life And Health Insurance Guaranty Association's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kslifega.org
Learn more at the official website: www.kslifega.org
Mission Statement of Kansas Life And Health Insurance Guaranty Association
Kansas Life and Health Insurance Guaranty Association, in essence, serves to safeguard the interests of policyholders when their insurance companies encounter financial instability or insolvency. Established in accordance with the state insurance code, the association's primary mission is to offer certain protective measures to policyholders in such challenging circumstances. This mission is pivotal in maintaining trust and stability within the insurance industry, ensuring that policyholders are not left vulnerable when their insurance providers face financial difficulties.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Kansas Life And Health Insurance Guaranty Association plays a crucial role in safeguarding the interests of policyholders facing the insolvency of their insurance companies. Established under state law, the association provides essential protections to individuals and families who may otherwise suffer financial losses due to an insurer's impairment or insolvency.
By ensuring that policyholders continue to receive benefits, the association helps to maintain stability and confidence in the insurance market. This safety net not only protects consumers but also contributes to community resilience by mitigating the economic impact of insurer failures. The association's work fosters trust in the insurance system, encouraging residents to engage with life and health insurance products, thereby enhancing their overall security and wellbeing.
In essence, the Kansas Life And Health Insurance Guaranty Association is a vital entity that bolsters consumer protection and promotes community improvement in Kansas.
This information is meant to be a general summary of Kansas 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 2024.
- Investment Income: $521,309
- Program Service Revenue: $29,170,315
- Gross Receipts: $29,691,992
Assets and Liabilities:
- Total Assets: $6,287,978
- Total Liabilities: $6,043,419
- Net Assets: $244,559
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership dues and assessments
Revenue
$28,671,143
Reimbursement from liquidator
Revenue
$498,377
Premiums
Revenue
$795
Organization Details
Founding Year
1972
Principal Officer
Robert Corn
Website
www.kslifega.orgNTEE Category
Code: S40 - Community improvement
If you are a representative of Kansas Life And Health Insurance Guaranty Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.