Overview
What is Utah Life And Health Insurance Guaranty Association?
Utah Life and Health Insurance Guaranty Association is a state-established nonprofit organization located in Salt Lake City, Utah. Its primary mission, as outlined in Utah Code Annotated 31A-28-103, is to offer specific protections to policyholders of financially struggling or insolvent insurance companies within the state. This association serves as a safety net, ensuring policyholders maintain coverage and receive benefits during challenging times for their insurers.
Official website here: www.ulhiga.org
Is Utah Life And Health Insurance Guaranty Association legitimate?
Utah Life And Health Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Utah Life And Health Insurance Guaranty 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: $155,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ulhiga.org
What is the mission statement of Utah Life And Health Insurance Guaranty Association?
The Utah Life and Health Insurance Guaranty Association, established by the state, provides specific safeguards to policyholders of financially troubled or bankrupt insurance companies. In line with Section 31A-28-103 of the Utah Code Annotated, this association ensures protection for policyholders in such situations. The association's primary role is to implement these safeguards, thereby providing financial security to policyholders in Utah.
Official website here: www.ulhiga.org
Who is the CEO of Utah Life And Health Insurance Guaranty Association?
Ted D Lewis is the Executive Di of Utah Life And Health Insurance Guaranty Association.
Official website here: www.ulhiga.org
What is the revenue of Utah Life And Health Insurance Guaranty Association?
Utah Life And Health Insurance Guaranty Association's revenue in 2022 was $1,258.
Official website here: www.ulhiga.org
Who are the executives of Utah Life And Health Insurance Guaranty Association and what are their salaries?
There 11 volunteers at Utah Life And Health Insurance Guaranty Association.
Here are 12 key members and their salaries:
- Compensation: $153,300
- Related: $0
- Other: $0
- Compensation: $1,400
- Related: $0
- Other: $0
- Compensation: $1,100
- Related: $0
- 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
- Compensation: $0
- Related: $0
- 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.ulhiga.org
Where can I find the form 990 for Utah Life And Health Insurance Guaranty Association?
Utah Life And Health Insurance Guaranty Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ulhiga.org
Learn more at the official website: www.ulhiga.org
Mission Statement of Utah Life And Health Insurance Guaranty Association
Utah Life and Health Insurance Guaranty Association, established by the state of Utah, is committed to providing certain protective measures for policyholders of insolvent or impaired insurance companies. This association operates under the guidance of Section 31A-28-103 of the Utah Code Annotated. The primary mission of Utah Life and Health Insurance Guaranty Association is to safeguard the interests of policyholders in such challenging situations, ensuring they maintain coverage and receive benefits as stipulated in their insurance policies. By doing so, the association plays a crucial role in maintaining trust and stability within the insurance industry.
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Impact
October, 2024
The Utah Life and Health Insurance Guaranty Association plays a crucial role in protecting policyholders in the event of insurer impairment or insolvency. By providing financial safeguards, it ensures that individuals and businesses can maintain access to their insurance benefits, despite the potential failure of their insurance provider. This role fosters stability within the insurance market, instilling confidence in consumers who might otherwise be wary of purchasing insurance products. The association's protections offer peace of mind, helping to mitigate the financial impact on policyholders and maintaining trust in the insurance system as a whole. In this way, the Utah Life and Health Insurance Guaranty Association contributes significantly to the overall health and reliability of the insurance landscape in the state.
This information is meant to be a general summary of Utah Life And Health Insurance Guaranty 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: $1,258
- Gross Receipts: $1,258
Assets and Liabilities:
- Total Assets: $1,951,601
- Total Liabilities: $517,167
- Net Assets: $1,434,434
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Organization Details
Founding Year
1979
Phone
(801) 320-9955Principal Officer
Ted D Lewis
Main Address
466 SOUTH 500 EAST SUITE 100, SALT LAKE CITY, UT, 84102
Website
www.ulhiga.orgNTEE Category
Code: Y20 - Mutual benefit
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