Overview
What is Kentucky Insurance Arbitration Association?
The Kentucky Insurance Arbitration Association is a nonprofit organization situated in Louisville, Kentucky. Its primary function is to provide a mechanism for resolving disputes between parties with reparation obligations and those with rights against these parties. The association assists in resolving these conflicts, acting as a mediator to help reach a fair resolution. It operates under Kentucky law, required to provide an arbitration service for such controversies.
Official website here: www.kyinsplans.org
Is Kentucky Insurance Arbitration Association legitimate?
Kentucky Insurance Arbitration Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kentucky Insurance Arbitration 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: $48,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,293
For more financial information, click here
Official website here: www.kyinsplans.org
What is the mission statement of Kentucky Insurance Arbitration Association?
The Kentucky Insurance Arbitration Association is mandated under state law to offer a resolution mechanism for disputes between reparation obligors and individuals with rights and obligations against these parties. The association's primary role is to provide a platform for arbitrating controversies involving reparation obligors and persons with relevant rights and obligations. This service aims to facilitate a fair and efficient resolution of disputes, thereby avoiding lengthy and costly legal proceedings. The association's mission is to serve as a neutral third party, ensuring that both parties have an opportunity to present their cases and reach a mutually agreeable resolution.
Official website here: www.kyinsplans.org
Who is the CEO of Kentucky Insurance Arbitration Association?
Stephen Hillis is the Chairperson of Kentucky Insurance Arbitration Association.
Official website here: www.kyinsplans.org
What is the revenue of Kentucky Insurance Arbitration Association?
Kentucky Insurance Arbitration Association's revenue in 2022 was $980,584.
Official website here: www.kyinsplans.org
Who are the executives of Kentucky Insurance Arbitration Association and what are their salaries?
Here are 10 key members and their salaries:
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- Compensation: $38,602
- Related: $235,675
- Other: $68,720
Official website here: www.kyinsplans.org
Where can I find the form 990 for Kentucky Insurance Arbitration Association?
Kentucky Insurance Arbitration Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kyinsplans.org
Learn more at the official website: www.kyinsplans.org
Mission Statement of Kentucky Insurance Arbitration Association
Kentucky Insurance Arbitration Association, abbreviated as KIAA, is an organization with a distinct mission. According to its description, the association's primary role is to assist in resolving disputes involving reparation obligors and those with rights against them. The organization is legally mandated to provide a mechanism for arbitrating controversies between these parties. In simpler terms, KIAA serves as a mediator, helping to resolve disagreements between parties with reparation obligations and those who have rights against these parties. This role is crucial in ensuring a fair resolution of disputes, thereby promoting harmony and avoiding lengthy legal battles.
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Impact
October, 2024
The Kentucky Insurance Arbitration Association plays a crucial role in facilitating the resolution of disputes involving reparation obligors and those with rights against them. By providing an efficient mechanism for arbitration, it helps ensure that conflicts are settled fairly and promptly, which can alleviate the burden on the court system while promoting equitable outcomes for all parties involved. The association's efforts contribute to a more streamlined process for those seeking to enforce their rights in the context of reparations, making it easier for individuals and organizations to navigate disputes that might otherwise be protracted and complicated. In doing so, it enhances access to justice and fosters mutual benefit within the Kentucky community.
This information is meant to be a general summary of Kentucky Insurance Arbitration 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: $468
- Program Service Revenue: $980,116
- Gross Receipts: $980,584
Assets and Liabilities:
- Total Assets: $1,039,045
- Total Liabilities: $50,416
- Net Assets: $988,629
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$935,944
FILING FEES
Revenue
$44,072
MEMBERSHIP FEES
Revenue
$100
Organization Details
Founding Year
1980
Phone
(502) 327-8909Principal Officer
Stephen Hillis
Main Address
PO BOX 437249, LOUISVILLE, KY, 40243
Website
www.kyinsplans.orgNTEE Category
Code: Y20 - Mutual benefit
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