NonprofitsSouth Carolina Life And Health Insurance Guaranty Association

South Carolina Life And Health Insurance Guaranty Association

COLUMBIA, SC

Total revenue

$29.8M

Total expenses

$6.3M

Net assets

$55.4M

Grants received

EIN

570650179

Tax year

2024

Mission

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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$29.2M
Investment income$658K
Other revenue
Total revenue$29.8M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$6.3M
Total expenses$6.3M
Total assets$55.4M
Net assets$55.4M

People

9 listed

NameRoleCompensation

COLONIAL LIFE AND ACCIDENT INS

MEMBER

Board

1 hrs/wk

GENWORTH FINANCIAL INC

MEMBER

Board

1 hrs/wk

LINCOLN NATIONAL LIFE INSURANCE CO

MEMBER

Board

1 hrs/wk

NATIONWIDE LIFE INSURANCE CO

MEMBER

Board

1 hrs/wk

TIAA

MEMBER

Board

1 hrs/wk

ATHENE ANNUITY AND LIFE ASSUR CO

SECRETARY

Board

1 hrs/wk

AMERICAN FAMILY LIFE ASSURANCE COMP

CHAIRMAN

Board

2 hrs/wk

ATLANTIC COAST LIFE INSURANCE CO

VICE CHAIRMAN

Board

1 hrs/wk

BLUECROSS BLUESHIELD OF SOUTH CAROL

TREASURER

Board

1 hrs/wk

Independent contractors

THOMTAM LLC

ASSISTANT ADMINISTRATOR

$128K

Details

EIN570650179
Subsection06
Ruling date1977-02
Formed1972
Employees0
Volunteers0
SOUTH CAROLINA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION — Mission, Financials & Grants Received | Grantivo