Overview
What is Surplus Line Association Of Co Inc?
Surplus Line Association of CO Inc, located at 2060 Mt Zion Drive, Golden, Colorado, is a nonprofit organization dedicated to promoting and ensuring compliance with the laws and regulations related to surplus line insurance in the state of Colorado. Their primary mission is to support sound underwriting practices for surplus line insurance and assist the state in collecting data associated with the transaction of surplus lines insurance. With a modest workforce of one employee, they strive to contribute to the insurance industry in Colorado, promoting a secure and regulated environment for surplus line insurance transactions.
Official website here: www.colosla.org
Is Surplus Line Association Of Co Inc legitimate?
Surplus Line Association Of Co Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Surplus Line Association Of Co Inc 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: $19,525
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.colosla.org
What is the mission statement of Surplus Line Association Of Co Inc?
The Surplus Line Association of Co Inc is dedicated to promoting and supporting sound practices in the underwriting of surplus line insurance. Its primary objective is to aid the state of Colorado in collecting data associated with the transaction of surplus lines insurance. The association encourages compliance with the laws and regulations of Colorado's Insurance Commissioner in relation to surplus line insurance, contributing to a well-regulated insurance market. In essence, the Surplus Line Association of Co Inc plays a crucial role in maintaining transparency and adherence to rules in the surplus line insurance sector.
Official website here: www.colosla.org
Who is the CEO of Surplus Line Association Of Co Inc?
John Wethey is the Executive Dir. of Surplus Line Association Of Co Inc.
Official website here: www.colosla.org
What is the revenue of Surplus Line Association Of Co Inc?
Surplus Line Association Of Co Inc's revenue in 2022 was $15,888.
Official website here: www.colosla.org
Who are the executives of Surplus Line Association Of Co Inc and what are their salaries?
The average compensation at Surplus Line Association Of Co Inc during 2022 was $19,525. There is 1 employee at Surplus Line Association Of Co Inc.
Here are 5 key members and their salaries:
- Compensation: $19,525
- Related: $0
- Other: $2,400
- 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.colosla.org
Where can I find the form 990 for Surplus Line Association Of Co Inc?
Surplus Line Association Of Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.colosla.org
Learn more at the official website: www.colosla.org
Mission Statement of Surplus Line Association Of Co Inc
Surplus Line Association of CO Inc is committed to promoting and upholding sound practices in the underwriting of surplus line insurance. This nonprofit organization's mission is twofold: firstly, it aims to support these sound practices in the industry; secondly, it assists the state of Colorado in collecting data associated with the transaction of surplus lines insurance. By doing so, the Surplus Line Association of CO Inc encourages compliance with the laws of Colorado and the rules and regulations set by the Insurance Commissioner of the state. The association's objectives are crucial in ensuring the integrity of surplus line insurance underwriting practices and supporting the state in monitoring this sector of the insurance market.
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Impact
October, 2024
The Surplus Line Association of Colorado plays a crucial role in the insurance landscape by supporting sound practices for surplus line insurance underwriting. This association fosters compliance with Colorado's laws and regulations, ensuring that insurance transactions are conducted ethically and efficiently.
By assisting the state in collecting pertinent data related to surplus line insurance transactions, the organization enhances transparency and accountability within the insurance industry. This data collection not only aids regulatory oversight but also helps identify trends and risks, promoting a healthier market environment.
Moreover, the association's initiatives encourage collaboration among insurance professionals, ultimately enhancing the overall quality of service provided to consumers. The emphasis on sound underwriting practices contributes to a more stable and reliable surplus lines market, which is essential for addressing unique or high-risk insurance needs that are not typically covered by standard insurers. Overall, the Surplus Line Association serves as a vital entity in promoting better insurance practices and ensuring the integrity of the surplus line market in Colorado.
This information is meant to be a general summary of Surplus Line Association Of Co Inc. 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: $15,888
- Gross Receipts: $447,729
Assets and Liabilities:
- Total Assets: $839,711
- Total Liabilities: $2,400
- Net Assets: $837,311
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Organization Details
Founding Year
1982
Phone
(303) 681-4924Principal Officer
John Wethey
Main Address
2060 Mt Zion Drive, Golden, CO, 80401
Website
www.colosla.orgNTEE Category
Code: Y20 - Mutual benefit
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