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EIN 41-1333903

Minnesota Life and Health Insurance Guaranty Association

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Minneapolis
State
Minnesota
Year formed
1977
Most recent tax filings
2022-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
The Minnesota Life and Health Insurance Guaranty Association protects people against failure in the performance of contractual obligations. Its purpose is to protect policy owners, death benefit certificate holders, insureds, beneficiaries, annuitants, payees and assignees of life and health insurance policies and annuity and supplemental contracts against failure in the performance.
Total revenues
$804
2022
Total expenses
$304,870
2022
Total assets
$16,113,773
2022
Num. employees
0
2022

Program areas at Minnesota Life and Health Insurance Guaranty Association

The Association's purpose is to protect policy owners, death benefit certificate holders, insureds, beneficiaries, annuitants, payees and assignees of Life and Health Insurance policies and annuity and supplemental contracts against failure in the performance of contractual obligations due to the impairment of an insurer authorized to transact business in Minnesota. The protection is subject to certain limits and conditions set forth in Minnesota statutes. The Association assesses its member insurers, subject to certain limitations, to obtain the funds necessary to carry out its purpose and duties.

Personnel at Minnesota Life and Health Insurance Guaranty Association

NameTitleCompensation
Pamela OlsenExecutive Director$117,209
Andie ChristophersonSecretary and Treasurer and Director$0
Elizabeth ByrneChair and Director$0
Andrea ChristophersonSecretary and Treasurer$0
Gerald C BackhausPast Former Executive Director$59,500
...and 5 more key personnel

Financials for Minnesota Life and Health Insurance Guaranty Association

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$0
Investment income and dividends$804
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$804

Form 990s for Minnesota Life and Health Insurance Guaranty Association

Fiscal year endingDate received by IRSFormPDF link
2020-122021-05-02990View PDF
2019-122020-08-21990View PDF
2018-122019-12-13990View PDF
2017-122018-09-12990View PDF
2016-122017-09-11990OView PDF
...and 6 more Form 990s
Data update history
August 11, 2022
Posted financials
Added Form 990 for fiscal year 2020
August 2, 2022
Updated personnel
Identified 5 new personnel
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
April 29, 2021
Posted financials
Added Form 990 for fiscal year 2018
October 23, 2020
Updated personnel
Identified 4 new personnel
Nonprofit Types
Mutual assistance organizationsInsurance companies
Issues
Health
Characteristics
State / local levelNo full-time employees
General information
Address
90 South Seventh St 3300
Minneapolis, MN 55402
Metro area
Minneapolis-St. Paul-Bloomington, MN-WI
Website URL
mnlifega.org/ 
Phone
(612) 322-8713
IRS details
EIN
41-1333903
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1977
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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