EIN 58-1737531

Georgia Life and Health Insurance Guaranty Association

IRS 501(c) type
501(c)(6)
Num. employees
0
City
State
Year formed
1981
Most recent tax filings
2022-12-01
Description
To protect Georgia resident policy owners, insureds, and beneficiaries of Life & Health Insurance and annuity policies, plans or contracts against failure in the performance of contractual obligations due to the insolvency of the insurer. Association was established to provide certain protections to policyholders of insolvent insurers in accordance with ocga 33-38-1 et seq.
Total revenues
$2,442,191
2022
Total expenses
$1,538,053
2022
Total assets
$99,779,231
2022
Num. employees
0
2022

Program areas at Georgia Life and Health Insurance Guaranty Association

The persons benefited by the organization were Georgia resident policy owners, insureds, and beneficiaries of Life & Health and annuity policies, plans or contracts of insolvent insurers. When an admitted Life and Health insurer is declared to be insolvent and ordered to liquidate, the Association is required to assume certain contractual obligations of that company in order to protect Georgia resident policyholders. In compliance with this obligation , the Association endeavors to cancel all cancelable policies and to settle all non-cancelable policies through reinsurance or sale as soon as possible after the Association assumes the administrative responsibility for policies of insolvent Insurance companies.

Personnel at Georgia Life and Health Insurance Guaranty Association

NameTitleCompensation
Frank KnightonExecutive Director
Ted KennedyVice Chairman$0
Eugene ChoateSecretary and Treasurer$0
Delos H YanceyChairman$0
Charles P BreitstadtVice Chair$0
...and 2 more key personnel

Financials for Georgia Life and Health Insurance Guaranty Association

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$100,944
Investment income and dividends$2,341,247
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$2,442,191

Form 990s for Georgia Life and Health Insurance Guaranty Association

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-14990View PDF
2021-122022-11-07990View PDF
2020-122021-11-12990View PDF
2018-122020-01-30990View PDF
2017-122018-12-22990View PDF
...and 9 more Form 990s
Data update history
December 26, 2023
Posted financials
Added Form 990 for fiscal year 2022
December 26, 2023
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 18, 2023
Updated personnel
Identified 7 new personnel
Nonprofit Types
Mutual assistance organizationsInsurance companies
Issues
Health
Characteristics
State / local levelNo full-time employees
General information
Address
3700 Crestwood Pkwy Ste 400
Duluth, GA 30096
Metro area
Atlanta-Sandy Springs-Alpharetta, GA
County
Gwinnett County, GA
Website URL
gaiga.org/ 
Phone
(770) 621-9835
IRS details
EIN
58-1737531
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1981
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
52411: Direct Life, Health, and Medical Insurance Carriers
Parent/child status
Independent
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