Overview
What is Louisiana Automobile Insurance Plan?
The Louisiana Automobile Insurance Plan is a nonprofit entity, whose core mission is to extend motor vehicle insurance coverage to individuals who have been unsuccessful in securing it within the voluntary market. This organization serves as a crucial safety net, ensuring that access to automobile insurance remains available, regardless of specific circumstances. While additional details about their activities or services were not provided, this nonprofit plays an essential role in addressing insurance needs of certain individuals in Louisiana.
Is Louisiana Automobile Insurance Plan legitimate?
Louisiana Automobile Insurance Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. Louisiana Automobile Insurance Plan 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 Louisiana Automobile Insurance Plan?
The Louisiana Automobile Insurance Plan's mission is centered around making motor vehicle insurance accessible for individuals who find it challenging to secure coverage in the voluntary market. This is achieved through their core activity, which focuses on providing insurance coverage to these individuals. It's essential to note that the plan operates under specific circumstances and guidelines.
Who is the CEO of Louisiana Automobile Insurance Plan?
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What is the revenue of Louisiana Automobile Insurance Plan?
Louisiana Automobile Insurance Plan's revenue in 2020 was $68,212.
Who are the executives of Louisiana Automobile Insurance Plan and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990EZ for Louisiana Automobile Insurance Plan?
Louisiana Automobile Insurance Plan's most recent form 990EZ was submitted in 2020 and can be accessed here.
Mission Statement of Louisiana Automobile Insurance Plan
The Louisiana Automobile Insurance Plan, in essence, aims to ensure that motor vehicle insurance is accessible for individuals who struggle to procure coverage in the voluntary market. This organization serves a vital role by making insurance options available to these individuals, providing a safety net when traditional markets may deny coverage. This mission is particularly significant in the context of motor vehicle insurance, as it ensures that everyone has the necessary protection, regardless of their ability to secure coverage through conventional means.
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Impact
October, 2024
The Louisiana Automobile Insurance Plan (LAIP) plays a crucial role in providing access to motor vehicle insurance for individuals who are unable to secure coverage through the conventional voluntary market. By offering a structured alternative, LAIP ensures that high-risk drivers, often excluded due to their driving history or other factors, have a means to obtain necessary insurance coverage. This approach not only supports these individuals by promoting accountability on the road but also contributes to broader public safety by encouraging insured driving practices.
Moreover, LAIP helps stabilize the insurance market by distributing risk more evenly across various insurers, mitigating the financial impact on companies that might otherwise face significant losses from uninsured drivers. The existence of this plan is vital for fostering a more inclusive insurance landscape, ultimately protecting the interests of both drivers and the insurance market as a whole.
This information is meant to be a general summary of Louisiana Automobile Insurance Plan. 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 2020.
- Investment Income: $312
- Gross Receipts: $68,212
Assets and Liabilities:
- Total Assets: $114,038
- Total Liabilities: $4,991
- Net Assets: $109,047
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Organization Details
Phone
(401) 946-2310Main Address
c/o AIPSO 302 CENTRAL AVENUE, Johnston, RI, 029194932
NTEE Category
Code: Z99 - Unknown
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