Overview
What is National Insurance Producer Registry?
National Insurance Producer Registry (NIPR) is a not-for-profit technology company, based in Kansas City, Missouri, with 121 employees. They collaborate with the National Association of Insurance Commissioners (NAIC), a 501(c)(3) organization, through a service agreement. Their primary mission is to maintain the NAIC's state producer licensing database by assisting in record-keeping related to insurance agents and other producers across the United States, the District of Columbia, Guam, Puerto Rico, and the Virgin Islands. This database is electronically accessed by insurance commissioners and their staffs, and insurance companies, streamlining the producer licensing process. NIPR's efforts protect and serve insurance consumers along with the NAIC and the insurance industry.
Official website here: www.nipr.com
Is National Insurance Producer Registry legitimate?
National Insurance Producer Registry is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Insurance Producer Registry 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,311,724
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,311,181
For more financial information, click here
What is the mission statement of National Insurance Producer Registry?
The National Insurance Producer Registry, doing business as NIPR, functions as a not-for-profit technology company that offers cost-effective, streamlined, and uniform licensing data and compliance services for insurance professionals. In partnership with the National Association of Insurance Commissioners and the insurance industry, NIPR works tirelessly to protect and serve insurance consumers. Through their agreement with the NAIC, NIPR maintains an electronic database of insurance agents and producers throughout the United States, the District of Columbia, Guam, Puerto Rico, and the Virgin Islands. This database is utilized by insurance commissioners and their staffs to expedite the producer licensing process. Insurance companies also have access to the database. Additionally, NIPR facilitates the producer licensing, appointment, and termination process between state insurance regulators and the insurance industry.
Official website here: www.nipr.com
Who is the CEO of National Insurance Producer Registry?
Karen Stakem Hornig is the Director President of National Insurance Producer Registry. The CEO's salary of National Insurance Producer Registry is $564,289 and their total compensation is $604,832.
Official website here: www.nipr.com
What is the revenue of National Insurance Producer Registry?
National Insurance Producer Registry's revenue in 2022 was $69,990,640.
Official website here: www.nipr.com
Who are the executives of National Insurance Producer Registry and what are their salaries?
The average compensation at National Insurance Producer Registry during 2022 was $96,057. There are 121 employees and 13 volunteers at National Insurance Producer Registry.
Here are 21 key members and their salaries (National Insurance Producer Registry's CEO's salary is $564,289 and their total compensation is $604,832):
- Michael Consedine (Director And Ceo Of Naic)
- Karen Stakem Hornig (Chief Executive Officer)
- Eric Saul (Chief Technology Officer)
- Sarah Heidenreich (General Counsel)
- Laurie Wolf (Deputy Director)
- Valeria Williams (Director Of Bus. Dev. & Customer Exp.)
- Dennis Wilson (Asst. Director Quality Assurance)
- Heidi Wood (Asst. Director Application Dev.)
- Steve Anderson (Enterprise Architect)
- The Honorable Larry Deiter (Director President)
- David Leifer (Director Vice President)
- The Honorable Elizabeth Dwyer (Director Secretary/Treasurer)
- Wesley Bissett (Director)
- The Honorable Sharon Clark (Director)
- The Honorable Evan Daniels (Director)
- Maeghan Gale (Director)
- Suzanne Loomis (Director)
- Victoria Mccarthy (Director)
- The Honorable Vicki Schmidt (Director)
- Jessica Waltman (Director)
- The Honorable Lori Wing-Heier (Director)
Official website here: www.nipr.com
Where can I find the form 990 for National Insurance Producer Registry?
The National Insurance Producer Registry’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.nipr.com
Learn more at the official website: www.nipr.com
Mission Statement of National Insurance Producer Registry
National Insurance Producer Registry, or NIPR, is a not-for-profit technology company that offers cost-effective, streamlined, and uniform licensing data and compliance services for insurance professionals. By collaborating with the National Association of Insurance Commissioners (NAIC) and the insurance industry, NIPR plays a vital role in protecting and serving insurance consumers.
The core mission of NIPR is to provide essential technology solutions that simplify the licensing process for insurance professionals across different jurisdictions. This not-for-profit organization maintains the NAIC's state producer licensing database, which contains records on insurance agents and other producers throughout the United States, the District of Columbia, Guam, Puerto Rico, and the Virgin Islands. This comprehensive database is accessed electronically by insurance commissioners and their staffs to expedite producer licensing activities. Insurance companies can also access the producer database. Furthermore, NIPR's Gateway facilitates the producer licensing, appointment, and termination process between state insurance regulators and the insurance industry, ensuring a seamless experience for all parties involved.
NIPR is an indispensable partner in the insurance industry, assisting the NAIC in maintaining a centralized and efficient system for managing producer licenses. Their innovative technology and dedicated services enable insurance professionals to focus on serving their clients, ultimately ensuring that insurance consumers receive the best possible care and coverage. By streamlining the licensing process, NIPR contributes significantly to the overall growth and success of the insurance industry while prioritizing the interests of insurance consumers.
Impact
This information is meant to be a general summary of National Insurance Producer Registry. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The National Insurance Producer Registry (NIPR) has a significant impact on the insurance industry by providing cost-effective, streamlined, and uniform licensing data and compliance services for insurance professionals. By maintaining the state producer licensing database and facilitating the producer licensing process between state insurance regulators and the insurance industry, NIPR helps ensure that insurance agents and producers are properly licensed and compliant with regulations. This contributes to protecting and serving insurance consumers by promoting transparency and efficiency in the insurance marketplace.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRODUCER LICENSING FEE
Revenue
$28,519,602
DATABASE ACCESS REV
Revenue
$25,842,673
APPOINTMENT RENEWAL/ALERTS
Revenue
$11,947,704
CAR REPORTS
Revenue
$1,122,375
OTHER SERVICE REVENUE
Revenue
$35,000
Organization Details
Founding Year
1996
Phone
(816) 842-3600
Principal Officer
Karen Stakem Hornig
Main Address
1100 WALNUT STREET SUITE 1500, KANSAS CITY, MO, 64106
Website
www.nipr.com
NTEE Category
Code: Y03 - Mutual benefit
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