Overview
What is Utah Property And Casualty Insurance Guaranty Association?
Utah Property and Casualty Insurance Guaranty Association (UPCIGA) is a nonprofit organization established by state law (Title 31A-28) with a primary mission to support verified resident claimants of insolvent insurance companies. During 2022, UPCIGA disbursed claims totaling 2,024,140 dollars to such claimants. Based in South Jordan, Utah (with a PO Box 95986 address), UPCIGA serves as a safety net for individuals whose insurance providers have become financially unstable. The association operates with a dedicated workforce of six employees.
Official website here: www.utah.ncigf.org
Is Utah Property And Casualty Insurance Guaranty Association legitimate?
Utah Property And Casualty Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(4) entity. Utah Property And Casualty 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: $84,480
Professional Fundraising Fees: $0
Other Salaries and Wages: $118,796
For more financial information, click here
Official website here: www.utah.ncigf.org
What is the mission statement of Utah Property And Casualty Insurance Guaranty Association?
The Utah Property and Casualty Insurance Guaranty Association (UPCIGA) was established by state statute with the mission to provide financial support to verified claimants of insolvent insurance companies. Its primary role is to pay out claims in such scenarios, acting as a safety net for residents who may have been left in a vulnerable position due to the collapse of their insurance providers. During the year 2022, UPCIGA disbursed a total of 2,024,140 dollars in claims to these eligible claimants. The organization operates in accordance with Title 31A-28 of the state statute.
Official website here: www.utah.ncigf.org
Who is the CEO of Utah Property And Casualty Insurance Guaranty Association?
Jim Christensen is the Executive Di of Utah Property And Casualty Insurance Guaranty Association.
Official website here: www.utah.ncigf.org
What is the revenue of Utah Property And Casualty Insurance Guaranty Association?
Utah Property And Casualty Insurance Guaranty Association's revenue in 2022 was $401,068.
Official website here: www.utah.ncigf.org
Who are the executives of Utah Property And Casualty Insurance Guaranty Association and what are their salaries?
The average compensation at Utah Property And Casualty Insurance Guaranty Association during 2022 was $33,879. There are 6 employees and 7 volunteers at Utah Property And Casualty Insurance Guaranty Association.
Here are 8 key members and their salaries:
- Compensation: $84,480
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.utah.ncigf.org
Where can I find the form 990 for Utah Property And Casualty Insurance Guaranty Association?
Utah Property And Casualty Insurance Guaranty Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.utah.ncigf.org
Learn more at the official website: www.utah.ncigf.org
Mission Statement of Utah Property And Casualty Insurance Guaranty Association
Utah Property and Casualty Insurance Guaranty Association, abbreviated as UPCIGA, was established under state statute (Title 31A-28) with a specific purpose. This organization was founded to provide financial assistance to verified resident claimants whose insurance companies have gone bankrupt or become insolvent. By assuming these companies' outstanding claims, UPCIGA ensures that policyholders receive the compensation they are entitled to, thereby protecting them from financial harm. During 2022, UPCIGA paid out claims totaling 2,024,140 to such claimants, demonstrating its commitment to fulfilling its mission.
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Impact
October, 2024
The Utah Property and Casualty Insurance Guaranty Association (UPCIGA) plays a crucial role in protecting policyholders in the event of an insurance company's insolvency. Established under state statute, UPCIGA ensures that verified residents of Utah can recover claims when their insurance providers become financially unable to meet their obligations. In 2022 alone, UPCIGA paid out over $2 million to verified claimants, highlighting its significant impact on residents during challenging situations. By safeguarding claims for those affected by insolvency, UPCIGA fosters confidence in the insurance market and provides essential support to individuals and families facing unexpected financial hardships due to the failure of their insurance companies.
This information is meant to be a general summary of Utah Property And Casualty 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: $117,645
- Program Service Revenue: $283,423
- Gross Receipts: $3,400,242
Assets and Liabilities:
- Total Assets: $7,528,761
- Total Liabilities: $14,101,369
- Net Assets: -$6,572,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ESTATE RECOVERY DISTRIBUTIONS
Revenue
$283,423
Organization Details
Founding Year
1971
Phone
(385) 420-5810Principal Officer
Jim Christensen
Main Address
PO BOX 95986, SOUTH JORDAN, UT, 84095
Website
www.utah.ncigf.orgNTEE Category
Code: Y20 - Mutual benefit
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