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Virginia Life Accident & Sickness Insurance Guaranty Association

Trade
DBA: INSURANCE GUARANTY ASSOCIATION
Trade Association · HAMPDEN, MA · EIN 54-1642659

About

Primary exempt purpose: the association is a virginia statutory association formed pursuant to chapter 17 of title 38.2 of the code of virginia to pay obligations of insolvent insurance companies under the supervision of the virginia state corporation commission. "member insurer" means an insurer or health maintenance organization licensed to transact in the commonwealth ANY class of insurance or health maintenance organization business to which this chapter 17 applies under section 38.2-1700, but does not include cooperative nonprofit life benefit companies, mutual assessment life, accident and sickness insurance companies, burial societies, fraternal benefit societies, dental and optometric services plans, and health services plans not subject to this chapter 17 pursuant to section 38.2-4213. Chapter 17 also applies to dental benefit contracts entered into with a dental plan organization as provided in chapter 61. With respect to contracts issued by insurers licensed to transact BUSI

DBA Insurance Guaranty Association

Donations are NOT tax-deductible
Category
Trade Association
Employees
0
Volunteers
15

Financial Snapshot

FY ending 2024-12-31
Revenue
$20.7M
Expenses
$22.9M
Assets
$9.0M
Liabilities
$0

Financial history

$43.1M$21.5M$0
161718192021222324
RevenueExpenses
Latest FY2024: $20.7M · Peak FY2018: $43.1M · Avg: $15.1M
VIRGINIA LIFE ACCIDENT & SICKNESS INSURANCE GUARANTY ASSOCIATION
Your actions

Address

PO BOX 606
Hampden, MA, 01036-060

Governance

Voting board members13
Independent members13
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes
Public records
ProPublica Nonprofit Explorer
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.