Overview
What is The Surplus Line Association Of Arizona?
The Surplus Line Association of Arizona is a nonprofit organization situated in Scottsdale, Arizona. Its primary purpose is to maintain a stamping office, reviewing and examining surplus line insurance policies written by brokers operating within the state. This scrutiny ensures compliance with Arizona's state laws and regulations regarding surplus line insurance. Additionally, the association is responsible for reviewing and maintaining broker records, thereby ensuring adherence to established guidelines. Operating with a small team of one employee, the Surplus Line Association of Arizona plays a crucial role in safeguarding the insurance industry in Arizona.
Official website here: www.sla-az.org
Is The Surplus Line Association Of Arizona legitimate?
The Surplus Line Association Of Arizona is a legitimate nonprofit organization registered as a 501(c)(6) entity. The Surplus Line Association Of Arizona 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: $170,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sla-az.org
What is the mission statement of The Surplus Line Association Of Arizona?
The Surplus Line Association of Arizona's primary mission is to review and maintain broker records related to insurance policies written by surplus line brokers within the state. In essence, their role is to scrutinize these policies for compliance with Arizona's state laws and the regulations set forth by the Department of Insurance. Furthermore, they maintain a stamping office for the filing of surplus line insurance, examining these filings to ensure they adhere to the established guidelines. This organization plays a crucial role in ensuring the integrity and legality of surplus line insurance transactions in Arizona.
Official website here: www.sla-az.org
What is the revenue of The Surplus Line Association Of Arizona?
The Surplus Line Association Of Arizona's revenue in 2023 was $3,025,173.
Official website here: www.sla-az.org
Who are the executives of The Surplus Line Association Of Arizona and what are their salaries?
The average compensation at The Surplus Line Association Of Arizona during 2023 was $170,000. There is 1 employee at The Surplus Line Association Of Arizona.
Here are 7 key members and their salaries:
- Compensation: $170,000
- Related: $0
- Other: $0
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- Other: $0
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- 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.sla-az.org
Where can I find the form 990 for The Surplus Line Association Of Arizona?
The Surplus Line Association Of Arizona's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sla-az.org
Learn more at the official website: www.sla-az.org
Mission Statement of The Surplus Line Association Of Arizona
The Surplus Line Association of Arizona is an organization dedicated to scrutinizing insurance policies that have been written by surplus line brokers within the state. Its primary mission involves reviewing and maintaining the records of these brokers. In essence, this association serves as a stamping office, where surplus line insurance filings are submitted for examination. The organization meticulously examines these filings to ensure they adhere to the laws of Arizona and the regulations set by the Department of Insurance of Arizona pertaining to surplus line insurance. This vigilant oversight ensures compliance with the rules, thus maintaining the integrity and reliability of the surplus line insurance industry in Arizona.
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Impact
October, 2024
The Surplus Line Association of Arizona plays a crucial role in the insurance landscape by ensuring compliance and oversight of surplus line insurance policies in the state. By examining the policies written by surplus line brokers, the Association helps to uphold the integrity and quality of insurance offerings available to consumers.
Its primary function as a stamping office facilitates the efficient filing of surplus line insurance, allowing for streamlined processes that benefit brokers and policyholders alike. The Association's rigorous review of these filings ensures they meet the legal standards established by the state of Arizona and adhere to the regulations set forth by the Department of Insurance.
This oversight not only protects consumers by ensuring they receive appropriate and legally compliant insurance coverage but also fosters transparency and accountability within the industry. By maintaining comprehensive broker records, the Association contributes to a more informed marketplace, promoting responsible practices and community improvement within the insurance sector in Arizona.
This information is meant to be a general summary of The Surplus Line Association Of Arizona. 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 2023.
- Investment Income: -$585
- Program Service Revenue: $3,025,173
- Gross Receipts: $3,025,173
Assets and Liabilities:
- Total Assets: $1,128,236
- Total Liabilities: $28,218
- Net Assets: $1,100,018
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER DUES & ASSESSMENTS
Revenue
$3,025,173
Organization Details
Founding Year
1970
Principal Officer
Konnie Keaschall-Kiser
Website
www.sla-az.orgNTEE Category
Code: S40 - Community improvement
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