Overview
What is Iowa Life And Health Insurance Guaranty Association?
The Iowa Life and Health Insurance Guaranty Association is a nonprofit organization situated in Des Moines, Iowa. Its primary role is to ensure financial security for residents of Iowa by providing funds for the settlement of covered claims in case of impairment or insolvency of life, health, and annuity insurance companies or health maintenance organizations, as per the Iowa Life and Health Insurance Guaranty Association Act, Chapter 508C, Code of Iowa. The association serves as a safety net, protecting policyholders' interests and maintaining continuity of insurance coverage during challenging times for insurance companies.
Official website here: www.ialifega.org
Is Iowa Life And Health Insurance Guaranty Association legitimate?
Iowa Life And Health Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Iowa 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ialifega.org
What is the mission statement of Iowa Life And Health Insurance Guaranty Association?
The Iowa Life and Health Insurance Guaranty Association's primary role is to provide financial support for the settlement of covered claims against impaired or insolvent member insurance companies and health maintenance organizations. This is carried out in accordance with the Iowa Life and Health Insurance Guaranty Association Act. The association's mission is to safeguard policyholders by ensuring that their life, health, and annuity policies, plans, or contracts are settled when their insurance providers face financial difficulties. The association operates under the Code of Iowa, Chapter 508C, and its activities are directed towards protecting Iowa residents with insurance policies from financial loss due to an insurer's insolvency.
Official website here: www.ialifega.org
Who is the CEO of Iowa Life And Health Insurance Guaranty Association?
Lori K Geadelmann is the Director of Iowa Life And Health Insurance Guaranty Association.
Official website here: www.ialifega.org
What is the revenue of Iowa Life And Health Insurance Guaranty Association?
Iowa Life And Health Insurance Guaranty Association's revenue in 2023 was $5,104,875.
Official website here: www.ialifega.org
Who are the executives of Iowa Life And Health Insurance Guaranty Association and what are their salaries?
Here are 10 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
Official website here: www.ialifega.org
Where can I find the form 990 for Iowa Life And Health Insurance Guaranty Association?
Iowa Life And Health Insurance Guaranty Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.ialifega.org
Learn more at the official website: www.ialifega.org
Mission Statement of Iowa Life And Health Insurance Guaranty Association
Iowa Life and Health Insurance Guaranty Association is an organization with a singular mission. Its primary objective is to provide financial assistance for the settlement of covered claims against impaired or insolvent member insurance companies and health maintenance organizations. This is carried out in accordance with the Iowa Life and Health Insurance Guaranty Association Act, Chapter 508C, of the Code of Iowa. The association plays a crucial role in protecting Iowa residents who have life, health, and annuity policies, plans, or contracts with insolvent companies. In the event of an insurance company's inability to meet its financial obligations, Iowa Life and Health Insurance Guaranty Association steps in to ensure that the policyholders receive the benefits they are entitled to. The association's mission is essential in safeguarding the financial security of Iowa residents and maintaining confidence in the insurance industry.
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
Iowa Life and Health Insurance Guaranty Association plays a crucial role in safeguarding policyholders by ensuring that claims against impaired or insolvent insurance companies are settled effectively. It provides necessary funds for covered claims related to life, health, and annuity policies, benefiting Iowa residents who may otherwise face significant financial loss due to the insolvency of their insurers.
By fulfilling this mission, the Association enhances consumer confidence in the insurance market, as policyholders can trust that their claims will be honored even in the event of an insurer's financial troubles. This stability not only protects individuals and families but also fortifies the overall integrity of the insurance industry in Iowa. Furthermore, the Association's work helps to mitigate the broader economic impacts that could arise from insurer bankruptcies, fostering a more resilient insurance landscape for all stakeholders involved.
This information is meant to be a general summary of Iowa 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 2023.
- Investment Income: $222,834
- Program Service Revenue: $4,882,041
- Gross Receipts: $5,104,875
Assets and Liabilities:
- Total Assets: $15,868,080
- Total Liabilities: $135,733
- Net Assets: $15,732,347
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.
TERMINATION RECEIPTS
Revenue
$4,882,041
Organization Details
Founding Year
1987
Phone
(515) 283-3126Principal Officer
Lori K Geadelmann
Main Address
700 WALNUT ST STE 1600, DES MOINES, IA, 50309
Website
www.ialifega.orgNTEE Category
Code: Y20 - Mutual benefit
If you are a representative of Iowa 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.