2024-05-21T10:37:35-05:00 2023-12-31 382157642 MANER COSTERISAN PC 2425 E GRAND RIVER SUITE 1 LANSING MI 489123291 990 2023-01-01 382602142 MICHIGAN LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION MICH 5173394500 1640 HASLETT RD 160 HASLETT MI 48840 SCOTT J GOLDE CHAIR 5173394500 2024-05-13 1 SCOTT GOLDE 999009999 1 BRANDY L MIKULA CPA P00645694 5173237500 2024-05-09 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z SCOTT J GOLDE 1640 HASLETT RD 160 HASLETT MI 48840 2612192 0 X WWW.MILIFEGA.ORG X 1982 MI PROTECT MI POLICYHOLDERS, WITHIN LIMITS, IN THE UNLIKELY EVENT A MEMBER INSURER BECOMES INSOLVENT. 9 9 0 11 0 0 0 0 998 2411554 104435 200638 0 0 105433 2612192 0 0 34076 422794 0 0 0 0 0 656624 687357 690700 1110151 -585267 1502041 9917800 11425385 0 5544 9917800 11419841 TO PROTECT MICHIGAN POLICYHOLDERS IN THE EVENT OF IMPAIRMENT OR INSOLVENCY OF A MEMBER INSURANCE COMPANY AND TO GUARANTEE PAYMENTS OF BENEFITS AND CONTINUATION OF COVERAGE, SUBJECT TO LIMITS. 0 0 850 MEMBERS OF THE ASSOCIATION ARE SUBJECT TO ASSESSMENT, WITHIN CERTAIN LIMITS, TO PROVIDE FUNDS TO GUARANTEE CERTAIN PAYMENTS AND COVERAGE IN THE EVENT OF IMPAIRMENT OR INSOLVENCY OF MEMBER INSURANCE COMPANIES. CLAIMS WERE PAID TO POLICYHOLDERS OR THEIR BENEFICIARIES FOR 1 INSOLVENT COMPANIES DURING THE YEAR. 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X COLPEAN & ASSOCIATES PC 5173394500 1640 HASLETT ROAD STE 160 HASLETT MI 48840 X KEVIN M HEIL CPA CGMA DIRECTOR 1.00 X 0 0 0 MOLLIE K ZITO DIRECTOR 1.00 X 0 0 0 LORRI RISHAR DIRECTOR 1.00 X 0 0 0 SCOTT L FREEMAN DIRECTOR 1.00 X 0 0 0 JAMES W HOLEVAS DIRECTOR 1.00 X 0 0 0 GREGORY S MARTINO DIRECTOR (ENDED 10/23) 1.00 X 0 0 0 KEN ROSS DIRECTOR 1.00 X 0 0 0 DANIEL O'SHEA SECRETARY/TREASURER (ENDED 5/23) 1.00 X X 0 0 0 PHILLIP GILLESPIE VICE CHAIR 1.00 X X 0 0 0 SCOTT GOLDE CHAIR 3.00 X X 0 0 0 JOSHUA KORSON SECRETARY/TREASURER (BEGAN 5/23) 1.00 X X 0 0 0 0 0 0 0 0 0 0 COLPEAN & ASSOCIATES PC 1640 HASLETT RD SUITE 160 HASLETT MI 48840 LEGAL SERVICES 424153 1 ESTATE DISTRIBUTIONS 524298 2177280 2177280 INSURANCE PREMIUMS 524298 234274 234274 2411554 200638 200638 2612192 2411554 0 200638 422794 424153 8922 9726 14033 NOLHGA ASSESSMENTS 145432 NOLHGA DUES 80304 BOARD EXPENSES 4787 1110151 246202 117595 9671598 11307790 9917800 11425385 0 5544 0 5544 X 9917800 11419841 9917800 11419841 9917800 11425385 1502041 0 X 0 1 X 1 0 0 U.S. TREASURY NOTES 11307790 F 11307790 CHECKS WRITTEN AGAINST FUTURE DEPOSITS 5544 5544 X 2612192 0 2612192 0 2612192 1110151 0 1110151 0 1110151 PART X, LINE 2: IN THE PREPARATION OF TAX RETURNS, TAX POSITIONS ARE TAKEN BASED ON INTERPRETATION OF FEDERAL, STATE AND LOCAL INCOME TAX LAWS. MANAGEMENT PERIODICALLY REVIEWS AND EVALUATES THE STATUS OF UNCERTAIN TAX POSITIONS AND MAKES ESTIMATES OF AMOUNTS, INCLUDING INTEREST AND PENALTIES, ULTIMATELY DUE OR OWED. NO AMOUNTS HAVE BEEN IDENTIFIED, OR RECORDED, AS UNCERTAIN TAX POSITIONS. FEDERAL, STATE AND LOCAL TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION BY THE VARIOUS TAXING AUTHORITIES FOR A PERIOD OF THREE TO FOUR YEARS. FORM 990, PART VI, SECTION A, LINE 6 THE MICHIGAN LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION WAS CREATED BY LAW OF THE STATE OF MICHIGAN. AS A CONDITION TO TRANSACT INSURANCE IN THE STATE OF MICHIGAN, AN INSURER SHALL BE A MEMBER AND REMAIN A MEMBER OF THE ASSOCIATION. THE ASSOCIATION WAS CREATED TO PROTECT POLICY OWNERS AND BENEFICIARIES OF LIFE AND HEALTH INSURANCE POLICIES AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO INSOLVENCY OR IMPAIRMENT OF INSURERS ISSUING THE POLICIES. FORM 990, PART VI, SECTION A, LINE 7A TWO MEMBERS OF THE BOARD OF DIRECTORS REPRESENTING THE GENERAL PUBLIC SHALL BE APPOINTED BY MICHIGAN'S INSURANCE DIRECTOR. THE REMAINING MEMBERS OF THE BOARD SHALL BE ELECTED BY MEMBER INSURERS SUBJECT TO THE APPROVAL OF THE INSURANCE DIRECTOR. A VACANCY ON THE BOARD FOR A MEMBER REPRESENTING THE GENERAL PUBLIC SHALL BE FILLED FOR THE REMAINING PERIOD OF THE TERM BY APPOINTMENT BY THE INSURANCE DIRECTOR. A VACANCY ON THE BOARD FOR A MEMBER REPRESENTING MEMBER INSURERS SHALL BE FILLED FOR THE REMAINING PERIOD OF THE TERM BY A MAJORITY VOTE OF THE REMAINING BOARD MEMBERS, SUBJECT TO THE APPROVAL OF THE INSURANCE DIRECTOR. THIS INFORMATION IS FROM THE ENABLING STATUTE OF MICHIGAN LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7B TWO MEMBERS OF THE BOARD OF DIRECTORS REPRESENTING THE GENERAL PUBLIC SHALL BE APPOINTED BY MICHIGAN'S INSURANCE DIRECTOR. THE REMAINING MEMBERS OF THE BOARD SHALL BE ELECTED BY MEMBER INSURERS SUBJECT TO THE APPROVAL OF THE INSURANCE DIRECTOR. A VACANCY ON THE BOARD FOR A MEMBER REPRESENTING THE GENERAL PUBLIC SHALL BE FILLED FOR THE REMAINING PERIOD OF THE TERM BY APPOINTMENT BY THE INSURANCE DIRECTOR. A VACANCY ON THE BOARD FOR A MEMBER REPRESENTING MEMBER INSURERS SHALL BE FILLED FOR THE REMAINING PERIOD OF THE TERM BY A MAJORITY VOTE OF THE REMAINING BOARD MEMBERS, SUBJECT TO THE APPROVAL OF THE INSURANCE DIRECTOR. THIS INFORMATION IS FROM THE ENABLING STATUTE OF MICHIGAN LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS RECEIVED BY THE ASSOCIATION'S COUNSEL AND INTERNAL ACCOUNTANT AND CIRCULATED TO THE BOARD. AFTER ANY CONCERNS PRESENTED ARE ADDRESSED, THE CHAIR SIGNS AND FILES THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL WRITTEN CERTIFICATION IS REQUIRED FROM ALL BOARD MEMBERS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT POLICIES ARE ALL MAINTAINED AT THE ASSOCIATION OFFICE. THE ANNUAL REPORT IS FILED WITH THE MICHIGAN DEPARTMENT OF FINANCIAL & INSURANCE SERVICES. INFORMATION IS AVAILABLE UPON REQUEST.