Overview

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Est.

1972

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

The South Carolina Life and Accident and Health Insurance Guaranty Association (EIN: 57-0650179) operates with a mission to guarantee benefits and the continuation of covered life, health, accident, and annuity contracts when insurers become insolvent, in accordance with South Carolina law. With an operating budget of $6.3 million and total revenue of $29.8 million for the filing year 2024, the organization plays a crucial role in health care administration and financing within the state. For more information, visit their website at www.sclifega.org.

Mission Statement

IN ACCORDANCE WITH SC LAW, THE ORGANIZATION'S PURPOSE IS TO GUARANTEE BENEFITS AND CONTINUATION OF COVERED LIFE, HEALTH, ACCIDENT AND ANNUITY CONTRACTS WHEN INSURERS ISSUING SUCH POLICIES OR CONTRACTS BECOME INSOLVENT AND ARE UNDER A FINAL ORDER TO LIQUIDATE OR TO REHABILITATE.
Revenues
$29.8M
Expenses
$6.3M
Net Income:
+$23.5M
Assets
$55.4M
Liabilities
$0
Net Assets:
+$55.4M
Operating Budget
$6.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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L
Lincoln National Life Insurance Co
Board Member
G
Genworth Financial Inc
Board Member
N
Nationwide Life Insurance Co
Board Member

Frequently Asked Questions

What is SOUTH CAROLINA LIFE AND ACCIDENT AND HEALTH INSURANCE GUARANTY ASSOCIATION’s budget?
In 2024, SOUTH CAROLINA LIFE AND ACCIDENT AND HEALTH INSURANCE GUARANTY ASSOCIATION reported an annual operating budget of around $6.3 million. More detailed financial information is available to registered users.
What causes does SOUTH CAROLINA LIFE AND ACCIDENT AND HEALTH INSURANCE GUARANTY ASSOCIATION support?
SOUTH CAROLINA LIFE AND ACCIDENT AND HEALTH INSURANCE GUARANTY ASSOCIATION supports work in Health care administration and financing.
Where does SOUTH CAROLINA LIFE AND ACCIDENT AND HEALTH INSURANCE GUARANTY ASSOCIATION operate?
SOUTH CAROLINA LIFE AND ACCIDENT AND HEALTH INSURANCE GUARANTY ASSOCIATION is headquartered in COLUMBIA, SC.