Overview
What is Iowa Insurance Guaranty Association?
The Iowa Insurance Guaranty Association is a nonprofit organization primarily focused on providing funding for insolvent insurers. In times of financial distress for insurance companies, this organization steps in to ensure policyholders receive coverage for their valid claims. Their mission is to safeguard policyholders' interests and maintain financial stability within the insurance industry in the state of Iowa.
Official website here: www.iowa.ncigf.org/
Is Iowa Insurance Guaranty Association legitimate?
Iowa Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Iowa 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:
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For more financial information, click here
Official website here: www.iowa.ncigf.org/
What is the mission statement of Iowa Insurance Guaranty Association?
The Iowa Insurance Guaranty Association's mission is centered around providing funding for insolvent insurers. In simpler terms, the organization exists to ensure financial stability in the insurance sector by providing support to insurance companies that are unable to meet their financial obligations due to insolvency. This crucial role allows policyholders to continue receiving coverage and benefits, thereby maintaining confidence in the insurance industry. The association's activities are primarily focused on this mission, providing a safety net for consumers and insurers alike.
Official website here: www.iowa.ncigf.org/
Who is the CEO of Iowa Insurance Guaranty Association?
Rory Hansen is the Chairman of Iowa Insurance Guaranty Association.
Official website here: www.iowa.ncigf.org/
What is the revenue of Iowa Insurance Guaranty Association?
Iowa Insurance Guaranty Association's revenue in 2022 was $266,225.
Official website here: www.iowa.ncigf.org/
Who are the executives of Iowa Insurance Guaranty Association and what are their salaries?
There 9 volunteers at Iowa Insurance Guaranty Association.
Here are 9 key members and their salaries:
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Official website here: www.iowa.ncigf.org/
Where can I find the form 990 for Iowa Insurance Guaranty Association?
Iowa Insurance Guaranty Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.iowa.ncigf.org/
Learn more at the official website: www.iowa.ncigf.org/
Mission Statement of Iowa Insurance Guaranty Association
The Iowa Insurance Guaranty Association, as its name suggests, is dedicated to providing funding for insolvent insurers. This nonprofit organization serves a crucial role in safeguarding policyholders by ensuring they continue to receive coverage and benefits, even when their insurance company experiences financial instability. By providing this essential support, the Iowa Insurance Guaranty Association helps maintain financial stability within the insurance industry and protects policyholders from significant financial losses.
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Impact
October, 2024
The Iowa Insurance Guaranty Association plays a critical role in protecting policyholders by providing funding for insolvent insurers. By ensuring that claims are paid, the association helps maintain public confidence in the insurance system. In times of insurer financial failure, it acts as a safety net, safeguarding consumers from potentially devastating losses and promoting stability within the insurance market. Additionally, its presence fosters trust among residents, knowing that their insurance coverage remains secure even if their insurer encounters financial difficulties. This support ultimately contributes to a more resilient economy in Iowa.
This information is meant to be a general summary of Iowa 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 2022.
- Investment Income: $43,421
- Program Service Revenue: $222,804
- Gross Receipts: $266,225
Assets and Liabilities:
- Total Assets: $10,320,390
- Total Liabilities: $0
- Net Assets: $10,320,390
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REFUNDS AND RECOVERIES
Revenue
$222,804
Organization Details
Founding Year
1970
Phone
(515) 223-8344Principal Officer
Rory Hansen
Main Address
801 GRAND AVE 3700, DES MOINES, IA, 50309
Website
www.iowa.ncigf.org/NTEE Category
Code: Y20 - Mutual benefit
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