Overview
What is Indiana Life & Health Ins Guaranty Assoc?
Indiana Life & Health Ins Guaranty Assoc is a nonprofit organization established in Indiana to safeguard policyholders of financially distressed insurance companies, as per the state's code. The association's primary role is to cover policyholders' claims from insolvent companies, ensuring some level of protection. This organization operates under Indiana Code 27-8-8 and provides additional information regarding policy claims paid in Part IX of their form.
Official website here: www.inlifega.org
Is Indiana Life & Health Ins Guaranty Assoc legitimate?
Indiana Life & Health Ins Guaranty Assoc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Indiana Life & Health Ins Guaranty Assoc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.inlifega.org
What is the mission statement of Indiana Life & Health Ins Guaranty Assoc?
The Indiana Life & Health Insurance Guaranty Association was established with a mission to offer certain protections to policyholders of insolvent insurance companies, in line with the regulations outlined in Indiana Code 27-8-8. Specifically, the association's role is to pay covered claims of policyholders of these financially struggling insurance companies, as detailed in the same code. The association's activities are intended to provide reassurance and financial security to policyholders during challenging times for their insurers. By fulfilling these responsibilities, the Indiana Life & Health Insurance Guaranty Association aims to uphold the integrity of the insurance industry and safeguard the interests of policyholders in the state.
Official website here: www.inlifega.org
Who is the CEO of Indiana Life & Health Ins Guaranty Assoc?
Amanda Barbera is the Chair of Indiana Life & Health Ins Guaranty Assoc.
Official website here: www.inlifega.org
What is the revenue of Indiana Life & Health Ins Guaranty Assoc?
Indiana Life & Health Ins Guaranty Assoc's revenue in 2022 was $51,687.
Official website here: www.inlifega.org
Who are the executives of Indiana Life & Health Ins Guaranty Assoc and what are their salaries?
Here are 12 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
Official website here: www.inlifega.org
Where can I find the form 990 for Indiana Life & Health Ins Guaranty Assoc?
Indiana Life & Health Ins Guaranty Assoc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.inlifega.org
Learn more at the official website: www.inlifega.org
Mission Statement of Indiana Life & Health Ins Guaranty Assoc
Indiana Life & Health Ins Guaranty Assoc, established in accordance with Indiana Code 27-8-8, was instituted with a primary mission. This mission involves providing specific protections to policyholders of insolvent insurance companies. In simpler terms, the association steps in to pay covered claims of policyholders whose insurance companies have gone bankrupt, as outlined in the aforementioned code. This ensures that policyholders do not lose their coverage and financial protection during such challenging times.
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 Indiana Life & Health Insurance Guaranty Association (ILHIGA) plays a critical role in safeguarding the interests of policyholders when insurance companies become insolvent. By ensuring that covered claims are paid, ILHIGA provides a safety net that protects individuals and families from the financial fallout that can result from an insurance company going out of business. This association operates under Indiana Code 27-8-8, which outlines the protections afforded to policyholders in such scenarios.
The impact of ILHIGA is significant, as it instills confidence among consumers in the insurance market, knowing that there is a system in place to support them during turbulent times. By fulfilling claims for the policyholders of insolvent companies, the association mitigates potential losses, maintaining financial stability and fostering trust within the insurance industry. Their work not only helps individuals regain financial footing but also contributes to the overall health of the insurance sector in Indiana, reinforcing the principle that policyholder interests are protected.
This information is meant to be a general summary of Indiana Life & Health Ins Guaranty Assoc. 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: $40,338
- Program Service Revenue: $11,349
- Gross Receipts: $51,687
Assets and Liabilities:
- Total Assets: $7,173,989
- Total Liabilities: $0
- Net Assets: $7,173,989
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.
PREMIUM RECEIPTS
Revenue
$11,221
LIQUIDATION RECOVERIES
Revenue
$128
Organization Details
Founding Year
1978
Phone
(317) 636-8204Principal Officer
Amanda Barbera
Main Address
3502 WOODVIEW TRCE STE 100, INDIANAPOLIS, IN, 462683182
Website
www.inlifega.orgNTEE Category
Code: Y20 - Mutual benefit
If you are a representative of Indiana Life & Health Ins Guaranty Assoc 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.