Overview
What is Nevada Surplus Lines Association Inc?
Nevada Surplus Lines Association Inc is a nonprofit organization situated in Reno, Nevada. Its primary mission is to assist the Nevada Division of Insurance in regulating surplus lines insurance and encourage compliance with related laws and rules by surplus lines agents and insurers. The association provides necessary filings and educational services to member brokers involved in the placement of surplus lines insurance. With a modest workforce of two individuals, it plays a crucial role in maintaining order and adherence to regulations within the surplus lines insurance sector in Nevada.
Official website here: www.nsla.org
Is Nevada Surplus Lines Association Inc legitimate?
Nevada Surplus Lines Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Nevada Surplus Lines Association 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: $140,774
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,000
For more financial information, click here
Official website here: www.nsla.org
What is the mission statement of Nevada Surplus Lines Association Inc?
The Nevada Surplus Lines Association Inc's mission is centered around assisting the Nevada Division of Insurance in regulating surplus lines insurance. They aim to encourage compliance with the surplus lines law and the rules set by the Nevada Division of Insurance by surplus lines agents and insurers. This organization provides program services by accepting required filings related to the placement of surplus lines insurance by member brokers and offering related educational services to these brokers. In essence, their role is to ensure the regulation and compliance of surplus lines insurance, offering necessary filings and educational support to associated brokers.
Official website here: www.nsla.org
What is the revenue of Nevada Surplus Lines Association Inc?
Nevada Surplus Lines Association Inc's revenue in 2023 was $3,986,637.
Official website here: www.nsla.org
Who are the executives of Nevada Surplus Lines Association Inc and what are their salaries?
The average compensation at Nevada Surplus Lines Association Inc during 2023 was $97,887. There are 2 employees at Nevada Surplus Lines Association Inc.
Here are 9 key members and their salaries:
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- Compensation: $117,000
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- Other: $23,774
Official website here: www.nsla.org
Where can I find the form 990 for Nevada Surplus Lines Association Inc?
Nevada Surplus Lines Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nsla.org
Learn more at the official website: www.nsla.org
Mission Statement of Nevada Surplus Lines Association Inc
Nevada Surplus Lines Association Inc plays a crucial role in assisting the Nevada Division of Insurance in regulating surplus lines insurance. Their primary mission is to encourage compliance by surplus lines agents and insurers with the surplus lines law and the rules set forth by the Nevada Division of Insurance. This organization serves as a bridge between regulatory bodies and the surplus lines insurance industry, ensuring that all parties adhere to the necessary guidelines. Through their activities, Nevada Surplus Lines Association Inc aids in maintaining a stable and secure surplus lines insurance market in Nevada. Their program services involve accepting required filings related to the placement of surplus lines insurance by member brokers and providing educational services to these brokers, thereby promoting understanding and adherence to regulatory standards.
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Impact
October, 2024
The Nevada Surplus Lines Association Inc plays a crucial role in the regulation of surplus lines insurance in the state. By assisting the Nevada Division of Insurance, the organization helps ensure that surplus lines agents and insurers comply with the established laws and regulations. This impact is significant in maintaining a structured and legally compliant insurance marketplace.
Through its program services, the association facilitates the required filings related to the placement of surplus lines insurance by member brokers. This not only streamlines the process for insurance professionals but also enhances the overall efficiency and transparency of the surplus lines market in Nevada. Additionally, the educational services provided by the association empower member brokers with the knowledge and resources needed to navigate complex regulations effectively.
Overall, the Nevada Surplus Lines Association Inc contributes to a robust insurance ecosystem, fostering compliance, supporting brokers, and ultimately protecting consumers by ensuring that the surplus lines market operates within the legal framework set by the state.
This information is meant to be a general summary of Nevada Surplus Lines Association 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 2023.
- Investment Income: $85,662
- Program Service Revenue: $3,886,004
- Gross Receipts: $3,988,013
Assets and Liabilities:
- Total Assets: $3,511,286
- Total Liabilities: $142,368
- Net Assets: $3,368,918
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STAMPING FEES
Revenue
$3,886,004
Organization Details
Founding Year
1996
Principal Officer
Maria Muzea
Website
www.nsla.orgNTEE Category
Code: Y03 - Mutual benefit
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