Overview
What is Pacific Association Of Domestic Insurance Companies?
The Pacific Association of Domestic Insurance Companies (PADIC) is a nonprofit organization based in Sacramento, California. With a focus on the insurance industry, PADIC organizes quarterly meetings for its members to discuss current regulations and legislation. Their mission is to foster a healthy insurance marketplace by collaborating with regulators, legislators, and consumers. PADIC aims to improve understanding of insurance issues, maintain reasonable costs and prices, and contribute to a thriving insurance marketplace. They represent mid-sized California domestic property and casualty insurance companies, playing a significant role in shaping the insurance landscape in their region.
Official website here: www.padic.org
Is Pacific Association Of Domestic Insurance Companies legitimate?
Pacific Association Of Domestic Insurance Companies is a legitimate nonprofit organization registered as a 501(c)(6) entity. Pacific Association Of Domestic Insurance Companies 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: $97,492
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Official website here: www.padic.org
What is the mission statement of Pacific Association Of Domestic Insurance Companies?
The Pacific Association of Domestic Insurance Companies (PADIC) is an organization comprising mid-sized California domestic property and casualty insurance companies. Its mission is to foster a healthy insurance marketplace by collaborating with regulators, legislators, consumers, and policyholders. PADIC strives to enhance understanding of insurance-related issues, maintain reasonable costs and prices, and contribute to the creation of a well-functioning insurance marketplace. The organization's activities aim to bridge the gap between different stakeholders and promote a balanced and sustainable insurance sector.
Official website here: www.padic.org
Who is the CEO of Pacific Association Of Domestic Insurance Companies?
Marcus Linden is the President of Pacific Association Of Domestic Insurance Companies.
Official website here: www.padic.org
What is the revenue of Pacific Association Of Domestic Insurance Companies?
Pacific Association Of Domestic Insurance Companies's revenue in 2022 was $218,249.
Official website here: www.padic.org
Who are the executives of Pacific Association Of Domestic Insurance Companies and what are their salaries?
Here are 15 key members and their salaries:
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Official website here: www.padic.org
Where can I find the form 990 for Pacific Association Of Domestic Insurance Companies?
Pacific Association Of Domestic Insurance Companies's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.padic.org
Learn more at the official website: www.padic.org
Mission Statement of Pacific Association Of Domestic Insurance Companies
The Pacific Association of Domestic Insurance Companies, or PADIC, is an organization that comprises mid-sized California domestic property and casualty insurance companies. Their mission is centered around fostering a healthy insurance marketplace. To achieve this, PADIC collaborates with regulators, legislators, consumers, and policyholders. By working together, they aim to enhance the understanding of insurance-related issues and maintain reasonable costs and prices. This collective effort ultimately contributes to the creation of a robust and sustainable insurance marketplace.
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Impact
October, 2024
The Pacific Association of Domestic Insurance Companies (PADIC) plays a crucial role in shaping a robust insurance marketplace in California. By bringing together mid-sized domestic property and casualty insurance companies, PADIC fosters collaboration with regulators, legislators, consumers, and policyholders. This engagement is vital for navigating the complexities of insurance regulation and ensuring that the industry remains responsive to the needs of various stakeholders.
PADIC conducts quarterly meetings that serve as a platform for its members to stay informed about current regulations and legislation affecting the insurance sector. This proactive approach facilitates a deeper understanding of evolving insurance issues, which in turn helps stabilize costs and pricing for consumers. By advocating for reasonable rates and working towards a balanced insurance market, PADIC contributes to both consumer protection and industry health.
Ultimately, PADIC's initiatives lead to improved transparency and collaboration within the insurance landscape, enhancing the overall quality of service available to policyholders while promoting a competitive environment that benefits all parties involved.
This information is meant to be a general summary of Pacific Association Of Domestic Insurance Companies. 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: $749
- Program Service Revenue: $217,500
- Gross Receipts: $218,249
Assets and Liabilities:
- Total Assets: $305,122
- Total Liabilities: $733
- Net Assets: $304,389
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSE
Revenue
$217,500
Organization Details
Founding Year
2004
Phone
(530) 888-6045Principal Officer
Marcus Linden
Main Address
915 L STREET SUITE 1250, SACRAMENTO, CA, 95814
Website
www.padic.orgNTEE Category
Code: S41 - Community improvement
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