Overview
What is Alaska Life And Health Insurance Guaranty Association?
The Alaska Life and Health Insurance Guaranty Association is a nonprofit organization, established in accordance with Alaska's statutes, situated in Anchorage, specifically at 5604 Grand Teton Loop, AK 99502. Its primary mission is to safeguard policyholders of financially struggling or insolvent insurance companies, offering them certain protective measures as outlined in Alaska's legislature. This assurance aims to ensure policyholders' peace of mind, maintaining their coverage during challenging times for their insurers.
Official website here: www.aklifega.org
Is Alaska Life And Health Insurance Guaranty Association legitimate?
Alaska Life And Health Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Alaska 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:
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Other Salaries and Wages: $98,417
For more financial information, click here
Official website here: www.aklifega.org
What is the mission statement of Alaska Life And Health Insurance Guaranty Association?
The Alaska Life and Health Insurance Guaranty Association, established by Alaska statute, is committed to providing certain protections for policyholders of impaired or insolvent insurers. Its primary mission is to ensure that policyholders' interests are safeguarded during such challenging circumstances. The association operates under Alaska's legislative framework, providing a vital safety net for policyholders in need. By offering necessary protections, the Alaska Life and Health Insurance Guaranty Association helps maintain trust and stability within the insurance industry, thus ensuring peace of mind for policyholders.
Official website here: www.aklifega.org
Who is the CEO of Alaska Life And Health Insurance Guaranty Association?
Donald Thomas is the Governor of Alaska Life And Health Insurance Guaranty Association.
Official website here: www.aklifega.org
What is the revenue of Alaska Life And Health Insurance Guaranty Association?
Alaska Life And Health Insurance Guaranty Association's revenue in 2022 was $60,925.
Official website here: www.aklifega.org
Who are the executives of Alaska Life And Health Insurance Guaranty Association and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.aklifega.org
Where can I find the form 990 for Alaska Life And Health Insurance Guaranty Association?
Alaska Life And Health Insurance Guaranty Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aklifega.org
Learn more at the official website: www.aklifega.org
Mission Statement of Alaska Life And Health Insurance Guaranty Association
Alaska Life and Health Insurance Guaranty Association was established with a mission to offer certain protections to policyholders of impaired or insolvent insurers. This nonprofit organization, as outlined by Alaska statutes, was created to provide a safety net for policyholders in such situations, ensuring they continue to receive coverage or receive compensation for their losses. The Alaska Life and Health Insurance Guaranty Association's role is crucial in maintaining stability and trust within the insurance industry, particularly during times of financial instability for certain insurance providers.
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Impact
October, 2024
The Alaska Life and Health Insurance Guaranty Association plays a crucial role in protecting policyholders from the financial fallout of impaired or insolvent insurers. By providing a safety net, it ensures that individuals and families can maintain their health and life insurance coverage, even in the face of insurer bankruptcy. This association operates under Alaska statutes and aims to boost consumer confidence in the insurance market.
When an insurer becomes unable to meet its obligations, the Guaranty Association steps in to provide benefits to the affected policyholders, which helps to mitigate the potential economic impact on their lives. This support is vital for maintaining stability in the insurance market and protecting the interests of Alaskans. Additionally, this initiative fosters a sense of security within the community, encouraging residents to invest in necessary insurance products without fear of losing coverage unexpectedly. Overall, the Alaska Life and Health Insurance Guaranty Association significantly contributes to the financial safety and well-being of its policyholders.
This information is meant to be a general summary of Alaska 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: $6,775
- Program Service Revenue: $54,150
- Gross Receipts: $60,925
Assets and Liabilities:
- Total Assets: $696,710
- Total Liabilities: $0
- Net Assets: $696,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP ASSESSMENTS
Revenue
$54,150
Organization Details
Founding Year
1991
Phone
(907) 243-2311Principal Officer
Donald Thomas
Main Address
5604 GRAND TETON LOOP, ANCHORAGE, AK, 99502
Website
www.aklifega.orgNTEE Category
Code: S40 - Community improvement
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