Overview
What is District Of Columbia Insurance Regulatory Trust Fund Bureau?
The District of Columbia Insurance Regulatory Trust Fund Bureau is a crucial entity that ensures proper oversight of insurance companies under the jurisdiction of the District of Columbia's Department of Insurance, Securities, and Banking. Its primary role involves assessing the process and level of evaluation of these insurance firms, offering comments on their annual budgets and expenditures related to insurance regulatory functions. By carrying out this oversight, the Bureau contributes to maintaining a well-regulated insurance market within the District of Columbia.
Is District Of Columbia Insurance Regulatory Trust Fund Bureau legitimate?
District Of Columbia Insurance Regulatory Trust Fund Bureau is a legitimate nonprofit organization registered as a 501(c)(6) entity. District Of Columbia Insurance Regulatory Trust Fund Bureau submitted a form 990EZ, 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.
What is the mission statement of District Of Columbia Insurance Regulatory Trust Fund Bureau?
The District of Columbia Insurance Regulatory Trust Fund Bureau's mission is to oversee the evaluation process and level of assessment of insurance companies carried out by the District of Columbia Department of Insurance, Securities, and Banking. It also keeps a close eye on the annual budget and expenditures associated with the department's Insurance Regulatory functions, offering comments when necessary. In essence, its role is to ensure transparency and accountability in the insurance industry within the District of Columbia.
Who is the CEO of District Of Columbia Insurance Regulatory Trust Fund Bureau?
L Noel Patterson Jr is the Secretary of District Of Columbia Insurance Regulatory Trust Fund Bureau.
What is the revenue of District Of Columbia Insurance Regulatory Trust Fund Bureau?
District Of Columbia Insurance Regulatory Trust Fund Bureau's revenue in 2022 was $114,132.
Who are the executives of District Of Columbia Insurance Regulatory Trust Fund Bureau and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990EZ for District Of Columbia Insurance Regulatory Trust Fund Bureau?
District Of Columbia Insurance Regulatory Trust Fund Bureau's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of District Of Columbia Insurance Regulatory Trust Fund Bureau
The District of Columbia Insurance Regulatory Trust Fund Bureau plays a vital role in overseeing the evaluation process and the extent of assessments conducted by the District of Columbia's Department of Insurance, Securities, and Banking. Its primary mission is to monitor and offer insights on the annual budget and expenditures associated with the department's Insurance Regulatory functions. By doing so, the District Of Columbia Insurance Regulatory Trust Fund Bureau ensures that the evaluation of insurance companies is carried out effectively and efficiently, ultimately safeguarding the interests of the public.
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Impact
October, 2024
The District Of Columbia Insurance Regulatory Trust Fund Bureau plays a crucial role in ensuring the effective regulation of insurance companies operating within Washington, DC. By providing oversight on the assessment processes and levels employed by the DC Department of Insurance, Securities and Banking, it enhances accountability and transparency in the insurance regulatory framework. This bureau actively monitors and evaluates the annual budget and expenditures related to the department's regulatory activities, ensuring that resources are utilized efficiently and in the public interest.
The impact of this oversight is significant as it helps to maintain a stable insurance market, protects consumers from unfair practices, and promotes confidence in the insurance system. Through its regulatory functions, the Bureau contributes to community improvement by fostering a fair and competitive insurance environment that ultimately benefits residents and businesses in the District of Columbia.
This information is meant to be a general summary of District Of Columbia Insurance Regulatory Trust Fund Bureau. 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: $257
- Gross Receipts: $114,132
Assets and Liabilities:
- Total Assets: $218,051
- Total Liabilities: $0
- Net Assets: $218,051
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Organization Details
Phone
(202) 797-0757Principal Officer
L Noel Patterson Jr
Main Address
1455 PENNSYLVANIA AVENUE NW STE 400, WASHINGTON, DC, 20004
NTEE Category
Code: S40 - Community improvement
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