North Dakota Life And Heath Insurance Guaranty Assn

Organization Overview

North Dakota Life And Heath Insurance Guaranty Assn is located in Fargo, ND. The organization was established in 1985. According to its NTEE Classification (Y20) the organization is classified as: Insurance Providers, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Dakota Life And Heath Insurance Guaranty Assn is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.

For the year ending 06/2022, North Dakota Life And Heath Insurance Guaranty Assn generated $5.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 24.5% each year . All expenses for the organization totaled $205.2k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE FINANCIAL BENEFITS FOR CLAIMS SUBMITTED BY NORTH DAKOTA RESIDENTS WHO ARE POLICYHOLDERS AND BENEFICIARIES OF CONTRACTS ISSUED BY INSOLVENT INSURANCE COMPANIES LICENSED TO DO BUSINESS IN NORTH DAKOTA UNDER LIFE,ACCIDENT,HEALTH,DISABILITY,LONG-TERM CARE AND ANNUITY CONTRACT

Describe the Organization's Program Activity:

Part 3 - Line 4a

PER THE NORTH DAKOTA CENTURY CODE, THE ASSOCIATION IS REQUIRED TO ASSESS FUNDS FROM LIFE AND HEALTH INSURANCE COMPANIES LICENSED TO DO BUSINESS IN NORTH DAKOTA TO PAY CLAIMS OF INSOLVENT LIFE AND HEALTH INSURERS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$4,197
Investment income $1,439
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,636

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