Overview
What is Nebraska Property & Liability Insurance Guaranty Association?
Nebraska Property & Liability Insurance Guaranty Association is a nonprofit organization situated in Denver, Colorado. Its primary mission is to manage funds effectively and pay covered insurance claims of policyholders and claimants of insolvent property and casualty insurers, adhering to Nebraska's guaranty act in collaboration with regulators and receivers. During 2022, they reviewed over 45 claim files and issued over 1,600 checks to claimants and providers. This association efficiently manages its resources to ensure the smooth settlement of insurance claims in the event of an insolvent company.
Official website here: www.npliga.org
Is Nebraska Property & Liability Insurance Guaranty Association legitimate?
Nebraska Property & Liability Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Nebraska Property & Liability 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.npliga.org
What is the mission statement of Nebraska Property & Liability Insurance Guaranty Association?
The Nebraska Property & Liability Insurance Guaranty Association's mission is to efficiently handle and pay out covered claims of policyholders and claimants from insolvent property and casualty insurers, in line with Nebraska's guaranty act. This is done in collaboration with regulators and receivers, while ensuring the responsible management of the association's funds. During 2022, the association reviewed numerous claim files and issued over 1,600 checks to claimants and providers.
Official website here: www.npliga.org
Who is the CEO of Nebraska Property & Liability Insurance Guaranty Association?
Chad Anderson is the Board Chair of Nebraska Property & Liability Insurance Guaranty Association.
Official website here: www.npliga.org
What is the revenue of Nebraska Property & Liability Insurance Guaranty Association?
Nebraska Property & Liability Insurance Guaranty Association's revenue in 2022 was $1,176,564.
Official website here: www.npliga.org
Who are the executives of Nebraska Property & Liability Insurance Guaranty Association and what are their salaries?
Here are 7 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
Official website here: www.npliga.org
Where can I find the form 990 for Nebraska Property & Liability Insurance Guaranty Association?
Nebraska Property & Liability Insurance Guaranty Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.npliga.org
Learn more at the official website: www.npliga.org
Mission Statement of Nebraska Property & Liability Insurance Guaranty Association
Nebraska Property & Liability Insurance Guaranty Association, in essence, is dedicated to efficiently managing and responsibly distributing funds to pay covered claims of policyholders and claimants of insolvent property and casualty insurers, as per Nebraska's guaranty act. The association works in close collaboration with regulators and receivers to ensure a seamless process, striving for efficiency and effectiveness in claim settlements. Their primary objective is to provide financial assistance to policyholders and claimants whose insurers have become insolvent, thereby upholding the promises made in insurance policies and protecting the interests of policyholders. The association's mission is a testament to its commitment to maintaining stability and trust in the insurance industry, even in times of insolvency.
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
The Nebraska Property & Liability Insurance Guaranty Association plays a crucial role in ensuring that policyholders and claimants receive compensation when property and casualty insurers become insolvent. By efficiently processing and paying covered claims, the association provides financial security and peace of mind to affected individuals and businesses. In 2022, it reviewed over 45 claim files and managed to disburse over 1,600 checks to claimants and providers, demonstrating its effectiveness in handling claims. With 44 claims pending at year-end, the association also highlights its ongoing commitment to managing these situations responsibly in cooperation with regulators and receivers. This support not only safeguards the interests of policyholders but also enhances community stability by addressing the financial repercussions of insurer insolvency.
This information is meant to be a general summary of Nebraska Property & Liability 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: $355,662
- Program Service Revenue: $820,902
- Gross Receipts: $1,176,564
Assets and Liabilities:
- Total Assets: $36,099,315
- Total Liabilities: $0
- Net Assets: $36,099,315
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.
Member Assessments
Revenue
$41,742
Claim Recoveries
Revenue
$779,160
Organization Details
Founding Year
1971
Phone
(303) 759-5066Principal Officer
Chad Anderson
Main Address
1873 So Bellaire St Ste 920, Denver, CO, 80222
Website
www.npliga.orgNTEE Category
Code: S41 - Community improvement
If you are a representative of Nebraska Property & Liability 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.