Overview
What is Nevada Insurance Guaranty Association?
The Nevada Insurance Guaranty Association is a non-profit organization established by the state legislature. Its primary mission is to provide financial assistance to Nevada insurance consumers when a property-casualty insurance company encounters insolvency. By doing so, the Association ensures that policyholders' claims are paid, offering them financial security during challenging times. The Association plays a crucial role in maintaining trust and stability within the insurance industry.
Official website here: www.nviga-pc.org
Is Nevada Insurance Guaranty Association legitimate?
Nevada Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Nevada 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: $233,818
Professional Fundraising Fees: $0
Other Salaries and Wages: $92,506
For more financial information, click here
Official website here: www.nviga-pc.org
What is the mission statement of Nevada Insurance Guaranty Association?
The Nevada Insurance Guaranty Association is a non-profit organization established by the legislature with a mission to safeguard Nevada insurance consumers. In the unlikely event that a property-casualty insurance company faces insolvency, this association assumes the responsibility of settling certain claims made against the insolvent company. By doing so, it ensures that policyholders are not left in financial hardship and maintains trust in the insurance industry. The Nevada Insurance Guaranty Association acts as a safety net for insurance consumers, providing them with peace of mind and financial security. Its primary goal is to protect Nevada residents from potential financial losses due to an insolvent insurance company.
Official website here: www.nviga-pc.org
Who is the CEO of Nevada Insurance Guaranty Association?
Joel Fierro is the Executive Di of Nevada Insurance Guaranty Association.
Official website here: www.nviga-pc.org
What is the revenue of Nevada Insurance Guaranty Association?
Nevada Insurance Guaranty Association's revenue in 2022 was $14,989,543.
Official website here: www.nviga-pc.org
Who are the executives of Nevada Insurance Guaranty Association and what are their salaries?
The average compensation at Nevada Insurance Guaranty Association during 2022 was $81,581. There are 4 employees and 8 volunteers at Nevada Insurance Guaranty Association.
Here are 10 key members and their salaries:
- Compensation: $29,944
- Related: $0
- Other: $3,225
- Compensation: $160,166
- Related: $0
- Other: $35,483
- Compensation: $3,000
- Related: $0
- Other: $0
- Compensation: $2,000
- 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.nviga-pc.org
Where can I find the form 990 for Nevada Insurance Guaranty Association?
Nevada Insurance Guaranty Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nviga-pc.org
Learn more at the official website: www.nviga-pc.org
Mission Statement of Nevada Insurance Guaranty Association
The Nevada Insurance Guaranty Association, a non-profit organization established by the legislature, is dedicated to ensuring financial security for Nevada insurance consumers. In the unfortunate event that a property-casualty insurance company in Nevada faces insolvency, this association steps in to pay certain claims on behalf of the policyholders. By assuming this critical role, the Nevada Insurance Guaranty Association protects individuals and businesses from financial losses due to unpaid insurance claims. Its mission is rooted in the belief that every Nevada resident deserves peace of mind, knowing that their insurance coverage will be honored, even when their insurance company encounters financial instability.
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Impact
October, 2024
The Nevada Insurance Guaranty Association plays a crucial role in protecting consumers by ensuring that claims are paid when property-casualty insurance companies become insolvent. This safeguard helps maintain the stability of the insurance market in Nevada and provides peace of mind to policyholders, knowing that their claims will be fulfilled even in the event of an insurer's financial failure. By covering certain claims, it mitigates the financial impact on individuals and businesses, helping them recover from losses such as property damage or liability issues. With its operations based in Las Vegas, the Association is essential for supporting consumer confidence and fostering trust in the insurance industry across the state.
This information is meant to be a general summary of Nevada 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.
- Gross Receipts: $14,989,543
Assets and Liabilities:
- Total Assets: $18,546,670
- Total Liabilities: $36,089,390
- Net Assets: -$17,542,720
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Organization Details
Founding Year
1971
Phone
(702) 368-0607Principal Officer
Joel Fierro
Main Address
3821 WEST CHARLESTON BOULEVARD 100, LAS VEGAS, NV, 89102
Website
www.nviga-pc.orgIf you are a representative of Nevada Insurance Guaranty Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.