Overview
What is Oregon Insurance Guaranty Association?
The Oregon Insurance Guaranty Association is a local nonprofit organization based in Beaverton, Oregon. Its primary mission is to provide financial assistance to policyholders when their insurance company becomes insolvent. The Association ensures that claims, including claims expenses and unearned premiums, are paid to policyholders during such situations. By doing so, the Oregon Insurance Guaranty Association plays a crucial role in maintaining financial security and peace of mind for policyholders when their insurance companies face financial instability.
Official website here: www.oregon.ncigf.org
Is Oregon Insurance Guaranty Association legitimate?
Oregon Insurance Guaranty Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Oregon 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 not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $98,411
Professional Fundraising Fees: $0
Other Salaries and Wages: $140,245
For more financial information, click here
Official website here: www.oregon.ncigf.org
What is the mission statement of Oregon Insurance Guaranty Association?
The Oregon Insurance Guaranty Association is dedicated to providing financial security for policyholders when their insurance companies face insolvency. By assuming the obligations of failed insurance companies, the organization ensures that claims, both expenses and unearned premiums, are paid out to policyholders. This crucial role safeguards the financial well-being of individuals who may be left vulnerable in the wake of an insurer's collapse. In essence, the Oregon Insurance Guaranty Association acts as a safety net, ensuring peace of mind and financial stability for policyholders during uncertain times.
Official website here: www.oregon.ncigf.org
Who is the CEO of Oregon Insurance Guaranty Association?
Catherine S Braughton-Ba is the Principal Officer of Oregon Insurance Guaranty Association.
Official website here: www.oregon.ncigf.org
What is the revenue of Oregon Insurance Guaranty Association?
Oregon Insurance Guaranty Association's revenue in 2022 was $20,811,033.
Official website here: www.oregon.ncigf.org
Who are the executives of Oregon Insurance Guaranty Association and what are their salaries?
The average compensation at Oregon Insurance Guaranty Association during 2022 was $79,552. There are 3 employees and 9 volunteers at Oregon Insurance Guaranty Association.
Here are 10 key members and their salaries:
- Catherine S Braughton-Bazant (Administrator)
- Steve Patterson (Director)
- Melissa Rietmann Crawford (Chairperson) [Trustee/Director]
- Mike Rasmussen (Vice Chairperson) [Trustee/Director]
- Melanie Thurlow (Director)
- Aaron Selburg (Director)
- Jamie Horne (Director)
- Jon Hedegard (Director)
- Celeste Holmes (Director)
- Dan Rabinovich (Director)
Official website here: www.oregon.ncigf.org
Where can I find the form 990 for Oregon Insurance Guaranty Association?
The Oregon Insurance Guaranty Association’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.oregon.ncigf.org
Learn more at the official website: www.oregon.ncigf.org
Mission Statement of Oregon Insurance Guaranty Association
The Oregon Insurance Guaranty Association, a critical nonprofit organization, assumes the responsibility of settling claims and paying out unearned premiums to policyholders when their insolvent insurance companies are unable to do so. This association ensures financial security and peace of mind for individuals and businesses who have been left in a precarious position due to the insolvency of their insurance providers. By stepping in to cover the unpaid claims and expenses, the Oregon Insurance Guaranty Association provides a safety net, shielding policyholders from potential financial hardship. In doing so, the organization plays a pivotal role in maintaining trust within the insurance industry and upholding the integrity of the financial system.
Impact
This information is meant to be a general summary of Oregon Insurance Guaranty Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of the Oregon Insurance Guaranty Association is significant in ensuring that policyholders are protected in the event of an insurance company becoming insolvent. By stepping in to pay claims, including expenses and unearned premiums, the association helps maintain trust and stability in the insurance industry. This support provided by the association is crucial for policyholders who may otherwise be left financially vulnerable if their insurance provider fails.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REIMBURSEMENTS
Revenue
$19,616,498
SECURITY DEPOSITS
Revenue
$30,716
Organization Details
Founding Year
1971
Phone
(503) 641-7132
Principal Officer
Catherine S Braughton-Ba
Main Address
10700 SW BEAVERTON HWY 426, BEAVERTON, OR, 97005
Website
www.oregon.ncigf.org
NTEE Category
Code: Y20 - Mutual benefit
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