Overview
What is California Automobile Assigned Risk Plan?
The California Automobile Assigned Risk Plan is a resource aimed at ensuring motor vehicle insurance accessibility for individuals who struggle to obtain coverage within the voluntary market. Headquartered at a location in Johnston, Rhode Island, this organization operates under the guidance of the AIPSO. Its primary mission is to extend automobile liability insurance to individuals who, in good faith, cannot secure such coverage through conventional means. This initiative serves as a safety net, providing essential coverage to those who may have been overlooked by traditional insurance providers.
Official website here: www.aipso.com/ca/
Is California Automobile Assigned Risk Plan legitimate?
California Automobile Assigned Risk Plan is a legitimate nonprofit organization registered as a 501(c)(6) entity. California Automobile Assigned Risk Plan 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: $416,277
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aipso.com/ca/
What is the mission statement of California Automobile Assigned Risk Plan?
The California Automobile Assigned Risk Plan has a mission to extend automobile liability insurance to individuals who, in good faith, find themselves unable to secure such coverage through conventional methods. This organization serves to make motor vehicle insurance accessible to those who might otherwise be left unprotected in the voluntary market. Its primary objective is to ensure that everyone entitled to automobile liability insurance, despite any challenges, can obtain the necessary coverage.
Official website here: www.aipso.com/ca/
Who is the CEO of California Automobile Assigned Risk Plan?
Unavailable
Official website here: www.aipso.com/ca/
What is the revenue of California Automobile Assigned Risk Plan?
California Automobile Assigned Risk Plan's revenue in 2022 was $391,029.
Official website here: www.aipso.com/ca/
Who are the executives of California Automobile Assigned Risk Plan and what are their salaries?
There 13 volunteers at California Automobile Assigned Risk Plan.
Here are 13 key members and their salaries:
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Official website here: www.aipso.com/ca/
Where can I find the form 990 for California Automobile Assigned Risk Plan?
California Automobile Assigned Risk Plan's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aipso.com/ca/
Learn more at the official website: www.aipso.com/ca/
Mission Statement of California Automobile Assigned Risk Plan
The California Automobile Assigned Risk Plan, in essence, serves a crucial role in ensuring automobile liability insurance is accessible to individuals who, in good faith, find it challenging to obtain such coverage through conventional methods. Its primary mission is to bridge this gap, providing motor vehicle insurance to those who are entitled to it but struggle to secure it through regular channels. This organization operates with a vision to make motor insurance available for those individuals who, for reasons beyond their control, cannot procure coverage in the voluntary market.
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Impact
October, 2024
The California Automobile Assigned Risk Plan (CAARP) plays a crucial role in ensuring that individuals who are unable to secure automobile liability insurance through traditional means still have access to coverage. This plan specifically targets those who are considered "in good faith" entitled but face challenges in obtaining insurance in the voluntary market. By providing a safety net for these drivers, CAARP helps to enhance road safety and reduce the number of uninsured vehicles on California's roads.
Furthermore, the existence of CAARP encourages responsible driving practices by allowing higher-risk individuals the opportunity to obtain legitimate insurance. This not only protects those who may be financially vulnerable but also contributes to the overall stability of the automobile insurance market by mitigating the risks associated with an uninsured populace. In essence, CAARP serves a vital function in promoting equity and accessibility in automobile insurance, thereby fostering a more inclusive and responsible driving environment.
This information is meant to be a general summary of California Automobile Assigned Risk Plan. 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: $10,220
- Program Service Revenue: $379,191
- Gross Receipts: $391,029
Assets and Liabilities:
- Total Assets: $1,696,353
- Total Liabilities: $1,400,252
- Net Assets: $296,101
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Premium Earned
Revenue
$379,191
Organization Details
Founding Year
1947
Phone
(401) 946-2310Main Address
c/o AIPSO 302 CENTRAL AVENUE, JOHNSTON, RI, 029194932
Website
www.aipso.com/ca/NTEE Category
Code: Y20 - Mutual benefit
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