Overview
What is Minnesota Automobile Insurance Plan?
The Minnesota Automobile Insurance Plan is a nonprofit organization, specifically designed to extend motor vehicle insurance coverage to individuals who have difficulty obtaining it within the voluntary market. By providing this vital service, the plan bridges the insurance gap for these individuals, ensuring they can legally operate their vehicles with the necessary protection. The organization's mission is to ensure that motor vehicle insurance remains accessible to all, irrespective of any challenges they might face in securing it through the conventional market.
Official website here: www.aipso.com/mn
Is Minnesota Automobile Insurance Plan legitimate?
Minnesota Automobile Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. Minnesota Automobile Insurance Plan submitted a form 990EZ, 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.
Official website here: www.aipso.com/mn
What is the mission statement of Minnesota Automobile Insurance Plan?
The Minnesota Automobile Insurance Plan's mission is centered around making motor vehicle insurance accessible to individuals who have difficulty obtaining coverage in the voluntary market. This initiative is essential to ensure that everyone, regardless of their circumstances, has the necessary insurance coverage. The plan operates with a note of importance to consider, although the details of this note are not provided in the information.
Official website here: www.aipso.com/mn
What is the revenue of Minnesota Automobile Insurance Plan?
Minnesota Automobile Insurance Plan's revenue in 2020 was $5,619.
Official website here: www.aipso.com/mn
Who are the executives of Minnesota Automobile Insurance Plan and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.aipso.com/mn
Where can I find the form 990EZ for Minnesota Automobile Insurance Plan?
Minnesota Automobile Insurance Plan's most recent form 990EZ was submitted in 2020 and can be accessed here.
Official website here: www.aipso.com/mn
Learn more at the official website: www.aipso.com/mn
Mission Statement of Minnesota Automobile Insurance Plan
The Minnesota Automobile Insurance Plan, in essence, is committed to making motor vehicle insurance accessible for individuals who struggle to acquire coverage within the voluntary market. This nonprofit organization serves as a bridge, ensuring that insurance coverage is within reach for those who might otherwise be left unprotected. By providing this essential service, the Minnesota Automobile Insurance Plan contributes to the broader safety and security of the community, ensuring that all road users have some level of protection.
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Impact
October, 2024
The Minnesota Automobile Insurance Plan plays a crucial role in ensuring that individuals who are unable to secure motor vehicle insurance through the traditional voluntary market have access to necessary coverage. By catering specifically to those considered high-risk or facing challenges in obtaining insurance, the plan enhances overall road safety and promotes responsible driving.
This initiative helps to stabilize the insurance market by providing coverage to drivers who might otherwise remain uninsured, thereby reducing the potential financial burden on society due to accidents involving uninsured motorists. Additionally, it contributes to a broader understanding of risk by allowing insurers to include a wider variety of drivers in their coverage calculations. Overall, the plan supports inclusivity in the automotive insurance landscape, allowing more individuals to legally operate vehicles while fostering a safer driving environment.
This information is meant to be a general summary of Minnesota Automobile Insurance Plan. 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 2020.
- Investment Income: $241
- Program Service Revenue: $4,978
- Gross Receipts: $5,619
Assets and Liabilities:
- Total Assets: $83,218
- Total Liabilities: $98,553
- Net Assets: -$15,335
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Organization Details
Website
www.aipso.com/mnNTEE Category
Code: Z99 - Unknown
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