2024-09-20T13:13:22-05:00 2023-12-31 411360831 OLSEN THIELEN & CO LTD 2675 LONG LAKE ROAD ST PAUL MN 55113 990 2023-01-01 416140766 MINNESOTA INSURANCE GUARANTY ASSOCIATION MINN 9528311908 7600 PARKLAWN AVE 329 EDINA MN 55435 JEFF CHRISTENSEN EXECUTIVE DIRECTOR 9528311908 2024-09-19 1 1 RYAN VETTRUS CPA P01243596 6514834521 2023 2024-08-08 14:25:15Z JEFF CHRISTENSEN 7600 PARKLAWN AVE 329 EDINA MN 55435 7371646 0 X MINNESOTA.NCIGF.ORG X 1971 MN TO PROVIDE A METHOD OF PAYMENT FOR CERTAIN CLAIMS AGAINST INSOLVENT INSURANCE COMPANIES. 8 8 5 0 0 0 0 0 1449823 1644415 5769310 5727231 0 0 7219133 7371646 0 0 0 0 697625 688821 0 0 0 9809748 11086663 10507373 11775484 -3288240 -4403838 184125017 179721179 0 0 184125017 179721179 TO PROVIDE A METHOD OF PAYMENT FOR CERTAIN CLAIMS AGAINST INSOLVENT INSURANCE COMPANIES. 0 0 MINNESOTA INSURANCE GUARANTY ASSOCIATION (THE ASSOCIATION) WAS ORGANIZED ON NOVEMBER 24, 1971, BY STATE STATUTE AS A NONPROFIT, UNINCORPORATED LEGAL ENTITY. THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE A METHOD OF PAYMENT FOR CERTAIN CLAIMS AGAINST INSOLVENT INSURANCE COMPANIES, TO AVOID FINANCIAL LOSS TO CLAIMANTS OR TO POLICYHOLDERS, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION OF INSURERS AGAINST WHICH THE COST OF SUCH PROTECTION MAY BE ASSESSED IN AN EQUITABLE MANNER. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 196 0 1 5 1 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X JEFF CHRISTENSEN 9528311908 7600 PARKLAWN AVE STE 329 EDINA MN 55435 ROBERT FARBER EXECUTIVE DIRECTOR 37.50 X 167449 0 40200 MICHAEL F MCGOVERN CHAIR 1.00 X X 0 0 0 KATHLEEN BRAY VICE CHAIR 1.00 X X 0 0 0 CHRISTOPHER DORLE MEMBER 1.00 X 0 0 0 SARAH GROSKREUTZ MEMBER 1.00 X 0 0 0 CHRIS MERIDETH MEMBER 1.00 X 0 0 0 VICKY RIZZOLO MEMBER 1.00 X 0 0 0 MICHAEL STERN MEMBER 1.00 X 0 0 0 SEEMA TANEJA MEMBER 1.00 X 0 0 0 ANDREW WHITMAN MEMBER 1.00 X 0 0 0 167449 0 40200 1 0 1 0 CORVEL HEALTHCARE CORE PO BOX 203750 DALLAS TX 75320 RX BILL REVIEW AND PAYMENTS 1158967 ST MARY'S HOSPITAL 1216 2ND STREET SW ROCHESTER MN 55902 VARIOUS MEDICAL SERVICES 309436 HALL LAW 1010 WEST ST GERMAIN ST 320 ST CLOUD MN 56301 PLAINTIFF ATTORNEY 300000 ALLINA HEALTH SYSTEM NW8670 PO BOX 9345 MINNEAPOLIS MN 55440 VARIOUS MEDICAL SERVICES 261931 GRAND VILLAGE 923 HALE LAKE POINT GRAND RAPIDS MN 55744 VARIOUS MEDICAL SERVICES 151291 8 RECOVERIES 524298 939590 939590 REIMBURSEMENTS FROM LIQUIDATORS 524298 703162 703162 OTHER 524298 1663 1663 1644415 5727231 5727231 7371646 1644415 0 5727231 207649 320823 22260 133456 4633 39228 70531 12694 176771 38376 117764 17035 CLAIMS 9468375 UNEARNED PREMIUM 752816 CLAIM EXPENSES 391867 MISCELLANEOUS 1106 100 11775484 4420930 5530349 179704087 174190830 184125017 179721179 0 0 X 184125017 179721179 184125017 179721179 184125017 179721179 -4403838 0 X X 0 1 X 1 0 0 7371646 0 7371646 0 7371646 11775484 0 11775484 0 11775484 X X 0 0 0 ROBERT FARBER EXECUTIVE DIRECTOR 167449 0 0 0 0 0 13866 0 26334 0 207649 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS INSURER MEMBERS AS DESCRIBED IN THE MINNESOTA STATUTE AUTHORIZING FORMATION OF THE ASSOCIATION. FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS CONSISTS OF 9 MEMBERS, 2 OF WHICH ARE PUBLIC MEMBERS AND 7 ARE INSURER MEMBERS. THE PUBLIC MEMBERS ARE APPOINTED BY THE MN STATE INSURANCE COMMISSIONER. THE INSURER MEMBERS OF THE BOARD ARE SELECTED BY THE ASSOCIATION MEMBERS SUBJECT TO THE APPROVAL OF THE COMMISSIONER. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR REVIEWS FORM 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANY POSSIBLE CONFLICT OF INTEREST SHALL BE DISCLOSED AND MADE A MATTER OF RECORD WHEN THE INTEREST BECOMES SUBJECT TO AND REQUIRES SOME ACTION. ALL EMPLOYEES ARE REQUIRED TO COMPLETE A WRITTEN DISCLOSURE STATEMENT. FORM 990, PART VI, SECTION B, LINE 15 THE CONSULTING FIRM MRA RESEARCHED COMPARABLE POSITIONS AND PRODUCED SALARY GRADE. THIS SALARY GRADE IS REVIEWED ANNUALLY BY A CONSULTING FIRM FOR COST OF LIVING ADJUSTMENTS AND APPROPRIATENESS OF COMPENSATION. ANNUALLY, THE BOARD OF DIRECTORS REVIEWS AND APPROVES THE SALARY GRADES FOR ALL POSITIONS IN MIGA. THE BOARD VOTES ON THE PERCENT INCREASE BASED ON PERFORMANCE OF THE DIRECTOR. ANY INCREASE WILL FALL WITHIN THE ESTABLISHED SALARY RANGE. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT HAS NOT CHANGED SINCE LAST YEAR.