Overview
What is Missouri Life And Health Insurance Guaranty Association?
Missouri Life and Health Insurance Guaranty Association is a nonprofit organization located in Jefferson City, Missouri. Its primary mission is to safeguard the interests of policyholders and certificate holders in the event of an insolvent life, accident, health, or annuity insurance company within the state. The association provides limited protection to these individuals, ensuring they do not face substantial financial losses. With a small team of eight employees, Missouri Life and Health Insurance Guaranty Association operates in accordance with Missouri state statute, providing a vital safety net in the insurance sector.
Official website here: www.moiga.org
Is Missouri Life And Health Insurance Guaranty Association legitimate?
Missouri Life And Health Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Missouri 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: $388,283
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.moiga.org
What is the mission statement of Missouri Life And Health Insurance Guaranty Association?
The Missouri Life and Health Insurance Guaranty Association is committed to safeguarding the interests of policyholders and certificate holders of life, accident, health, and annuity contracts and policies. In the event an insurer becomes insolvent, the association offers limited protection to these individuals. This protection is in accordance with Missouri state statute, and the association ensures its implementation during the year. The primary objective of the association is to provide a measure of financial security to policyholders, offering them peace of mind in the face of potential insolvency within their insurance companies.
Official website here: www.moiga.org
Who is the CEO of Missouri Life And Health Insurance Guaranty Association?
Tamara W Kopp is the Vice Chair of Missouri Life And Health Insurance Guaranty Association.
Official website here: www.moiga.org
What is the revenue of Missouri Life And Health Insurance Guaranty Association?
Missouri Life And Health Insurance Guaranty Association's revenue in 2022 was $1,042,493.
Official website here: www.moiga.org
Who are the executives of Missouri Life And Health Insurance Guaranty Association and what are their salaries?
The average compensation at Missouri Life And Health Insurance Guaranty Association during 2022 was $48,535. There are 8 employees and 10 volunteers at Missouri Life And Health Insurance Guaranty Association.
Here are 12 key members and their salaries:
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- Compensation: $149,719
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- Other: $49,572
- Compensation: $148,364
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- Other: $40,629
Official website here: www.moiga.org
Where can I find the form 990 for Missouri Life And Health Insurance Guaranty Association?
Missouri Life And Health Insurance Guaranty Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.moiga.org
Learn more at the official website: www.moiga.org
Mission Statement of Missouri Life And Health Insurance Guaranty Association
Missouri Life and Health Insurance Guaranty Association, abbreviated as MLHIGA, is committed to safeguarding the policyholders and certificate holders of insolvent insurers. Its primary mission is to offer limited protection for individuals with life, accident, health, and annuity contracts and policies. This protection is extended to Missouri residents in the event that their insurance company faces insolvency. By adhering to Missouri state statute, the Guaranty Association ensures that policyholders are shielded from potential financial losses.
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Impact
October, 2024
The Missouri Life and Health Insurance Guaranty Association safeguards policyholders by providing protection in cases where insurers become insolvent. By adhering to Missouri state statutes, the association ensures that individuals with life, accident, health, and annuity contracts can still receive benefits, thus reducing the financial impact of an insurer's failure on residents of Missouri. This limited protection is vital for maintaining trust in the insurance system and offers peace of mind to policyholders, knowing they have a safety net should their insurer face financial difficulties.
This information is meant to be a general summary of Missouri 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 2022.
- Investment Income: $436,066
- Program Service Revenue: $606,204
- Gross Receipts: $57,229,281
Assets and Liabilities:
- Total Assets: $47,042,990
- Total Liabilities: $8,929,972
- Net Assets: $38,113,018
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ALLOCATIONS TO CLASS B
Revenue
$344,960
PREMIUM INCOME
Revenue
$261,244
Organization Details
Founding Year
1988
Phone
(573) 634-8455Principal Officer
Tamara W Kopp
Main Address
2210 MISSOURI BLVD, JEFFERSON CITY, MO, 65109
Website
www.moiga.orgNTEE Category
Code: E80 - Health
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