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EIN 72-0889235

Louisiana Insurance Guaranty Association

IRS 501(c) type
501(c)(6)
Num. employees
18
City
Baton Rouge
State
Louisiana
Year formed
1971
Most recent tax filings
2021-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
Liga is an organization created by the Insurance Guaranty act (la. R.s. 1375-1394) to pay for the claims of insolvent member Insurance companies. Funds are provided for the payment of the claims by the assessment of the remaining member Insurance companies. All admitted Insurance companies doing business in Louisiana are required to be members of the Association (excluding certain lines of business excluded by statute).
Total revenues
$14,540,897
2021
Total expenses
$78,212,431
2021
Total assets
$107,866,753
2021
Num. employees
18
2021

Program areas at Louisiana Insurance Guaranty Association

Liga serves as a safety net for Louisiana Insurance policyholders. In 2021 liga paid approximately $75 million to policyholders and third party claimants.

Personnel at Louisiana Insurance Guaranty Association

NameTitleCompensation
John WellsPrincipal Officer / Director$175,450
Mr. Markham R. McKnightTreasurer$0
Mr. Stephen SchremppSecretary$0
Mr. Michael T. GrayChairman$0
Wayne T RousselSecretary$0
...and 2 more key personnel

Financials for Louisiana Insurance Guaranty Association

RevenuesFYE 12/2021
Total grants, contributions, etc.$0
Program services$9,888,782
Investment income and dividends$3,179,936
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$1,472,179
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$14,540,897

Form 990s for Louisiana Insurance Guaranty Association

Fiscal year endingDate received by IRSFormPDF link
2019-122021-06-08990View PDF
2018-122020-01-21990View PDF
2017-122019-02-21990View PDF
2016-122017-11-16990OView PDF
2015-122017-04-03990OView PDF
...and 6 more Form 990s
Data update history
November 22, 2022
Used new vendors
Identified 2 new vendors, including , and
October 3, 2021
Posted financials
Added Form 990 for fiscal year 2019
September 22, 2021
Updated personnel
Identified 1 new personnel
September 21, 2021
Used new vendors
Identified 2 new vendors, including , and
April 29, 2021
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
2142 Quail Run Dr
Baton Rouge, LA 70808
Metro area
Baton Rouge, LA
County
East Baton Rouge Parish, LA
Website URL
laiga.org/ 
Phone
(225) 291-4775
IRS details
EIN
72-0889235
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1971
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
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