2024-08-14T11:55:39-07:00 2023-09-30 050234540 Ward Fisher & Company LLP 250C Centerville Road Warwick RI 02886 990 2022-10-01 050420932 Rhode Island Life & Health Insurance Guaranty Association RHOD 4012732921 235 Promenade Street 445 Providence RI 02908 Margaret Sperry Esq Executive Direc 2024-08-14 true true Armen Garabedian P00849732 4013846464 2022 2024-08-08 14:25:15Z 235 Promenade Street 445 Providence RI 02908 1772708 false X www.rilifega.org X 1986 RI Maintain public confidence in the promises of insurers by paying claims of insolvent insurance companies licensed to write life, annuity and health insurance in Rhode Island 9 9 2 0 0 311265 371907 48021 25204 0 359286 397111 0 0 135515 145137 0 0 153535 46257 289050 191394 70236 205717 2569051 2774768 0 2569051 2774768 Maintain public confidence in the promises of insurers by paying claims of insolvent insurance companies licensed to write life, annuity and health insurance in Rhode Island false false Claims paid to beneficiaries of insolvent insurance companies and reimbursements received of previously paid claims totaling a net of -$130,615 false false false true false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 3 0 true 2 true false false false false false false false false X 9 9 false false false false true true true true false true false true true true true true true true false false X Margaret Sperry Esq 4012732921 235 Promenade St Providence RI 02908 Margaret Sperry Esq Executive Direc 20.00 0.00 X 112000 0 0 112000 1 false false false 0 0 Member Assessments 524298 371907 371907 371907 32820 32820 0 0 0 1367981 1375597 -7616 -7616 -7616 0 0 0 0 397111 364291 32820 0 0 0 0 112000 0 21025 0 0 12112 0 14000 9500 0 0 5203 0 0 5358 20955 0 15905 2239 0 0 0 0 0 702 National Dues & Assessments 102262 Miscellaneous 748 Claims Paid (Reimb),Net -130615 0 191394 0 0 0 47436 418744 131948 140437 0 0 0 0 0 0 0 0 2389667 2215587 0 0 0 0 2569051 2774768 0 0 X 2569051 2774768 2569051 2774768 2569051 2774768 205717 X false false false false false true false X 397111 397111 397111 191394 191394 191394 Part X : FIN48 Footnote Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Association and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained by the IRS. Management has analyzed the tax positions taken by the Association and has concluded that as of September 30, 2023, all tax positions taken or expected to be taken would more likely than not be sustained upon examination. The Association is subject to routine tax audits by taxing juridictions; however, there are currently no audits for any tax periods in progress. Form 990, Part VI, Section A, Line 9 Amica Life Insurance CompanyAlex Bogdanov Director10 Amica Center BoulevardLincoln, RI 02865-1165Guardian Life Insurance Company of AmericaEric C. DuPont Director65 Robert StreetRoslindale, MA 02131Fidelity Investments Life Insurance CompanyLiane Latham Director245 Summer StreetBoston, MA 02210The Savings Bank Mutual Life Insurance Company of MassachusettsMatthew C. Regan III Chairman & DirectorOne Linscott RoadWoburn, MA 01801Rhode Island Division of InsuranceMatthew Gendron Director1511 Pontiac Ave., Bldg. 69-2Cranston, RI 02920UnitedHealthcare Insurance CompanyScott E. Sebastian Director185 Asylum StreetHartford, CT 06103The Prudential Insurance Company of AmericaHugh Barrett Vice Chairman & Director444-A North Main Street, PMB 290East Longmeadow, MA 01028 New York Life Insurance CompanyKatelynn Eckert Director51 Madison Avenue, New York, NY 10010Northwestern Mutual Life Insurance CompanyMichael A. Reis, Secretary-Treasurer & Director720 E. Wisconsin AvenueMilwaukee, WI 53202Metropolitan Life Insurance CompanyKerri E. Cutry Director200 Park AvenueNew York, NY 10166 Form 990, Part VI, Section B, Line 11b Copy of Form 990 submitted to each board member for comment prior to filing. Form 990, Part VI, Section B, Line 15a Comparable compensation of the staff of other Guaranty Associations (especially New England)is considered together with experience, knowledge and the number of hours worked over the past fiscal year Form 990, Part VI, Section B, Line 15b Comparable compensation of the staff of other Guaranty Associations (especially New England)is considered together with experience, knowledge and the number of hours worked over the past fiscal year Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are available upon request.