2025-06-11T15:34:30-07:00 2024-12-31 990 2024-01-01 237334849 MONTANA INSURANCE GUARANTY ASSOCIATION MONT 3037595066 1873 So Bellaire St Ste 920 Denver CO 80222 Chad Anderson President-WGFS 3037595066 2025-05-30 1 2024 2025-03-06 01:10:19Z Chad Anderson 1873 South Bellaire St Ste 920 Denver CO 80222 2089156 0 X www.mtiga.org X 1971 MT To efficiently pay covered claims of policyholders and claimants of insolvent property and casualty insurers according to Montana's guaranty act in cooperation with regulators and receivers, while responsibly managing the funds of the association. 7 7 0 0 0 0 0 0 2424642 1540791 412563 548365 0 0 2837205 2089156 0 0 0 0 0 0 0 0 0 2020933 3623033 2020933 3623033 816272 -1533877 15902849 14368972 0 0 15902849 14368972 To efficiently pay covered claims of policyholders and claimants of insolvent property and casualty insurers according to Montana's guaranty act in cooperation with regulators and receivers, while responsibly managing the funds of the association. 0 0 3623033 0 1540791 Montana Insurance Guaranty Association reviewed over 120 claim files in 2024 and had 114 claims pending at year end. Over 1,600 checks were issued to claimants and providers during 2024. 0 0 0 3623033 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 29 0 1 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X X Western Guaranty Fund Services 3037595066 1873 South Bellaire Street Suite 920 Denver CO 80222 X Farmers Union Mutual rep Kerri Bekker Board Chair 1 0 X 0 0 0 Mountain West Farm Bureau rep Ruben Dominguez Board Vice Chair 1 0 X 0 0 0 Farmers Insurance rep Kim Decker Board Member 1 0 X 0 0 0 Liberty Mutual rep Brenda Miller Board Member 1 0 X 0 0 0 State Farm Insurance rep David Jensen Board Member 1 0 X 0 0 0 Scott Tuxbury Public Representative Board Member 1 0 X 0 0 0 Andrew Brekke Public Representative Board Member 1 0 X 0 0 0 0 0 0 0 0 0 0 Corvel Healthcare Corporation PO Box 991964 Denver CO 802911964 Medical 169908 1 0 Member Assessments 524298 976898 976898 0 0 Claim Recoveries 524298 563893 563893 0 0 0 0 0 0 1540791 548365 548365 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2089156 2089156 0 0 Premium refunds 2172 2172 0 0 Claim Losses 2663147 2663147 0 0 Loss Adjusting Expenses 957714 957714 0 0 3623033 3623033 0 0 250000 250000 15602849 14068972 50000 50000 15902849 14368972 0 0 X 15902849 14368972 0 0 15902849 14368972 15902849 14368972 -1533877 0 0 0 0 0 X 1 X 0 1 0 Form 990, Part VI, Section A, Line 3 Montana Insurance Guaranty Association's management duties are conducted by Western Guaranty Fund Services, a 501(c)6 organization created to provide accounting, administration and management for seven property and casualty insurance guaranty associations. Form 990, Part VI, Section A, Line 6 Montana Insurance Guaranty Association's members are licensed property and casualty insurance companies which write insurance covered under the Montana Insurance Guaranty Association Act. Form 990, Part VI, Section A, Line 7a Members of the governing board of directors are elected by insurance companies that are members of the Montana Insurance Guaranty Association. Form 990, Part VI, Section A, Line 7b Changes to members of the board of directors and the plan of operation must be approved by the Commissioner of Insurance in Montana. The association is also subject to the commissioner's examination and regulation. Form 990, Part VI, Section B, Line 11b Montana Insurance Guaranty Association's form 990 was prepared by Western Guaranty Fund Services and was emailed to the board of directors for review prior to filing. Form 990, Part VI, Section B, Line 12c At the beginning of every board meeting, members of the board are reminded about the potential for conflicts of interest and given the opportunity to discuss any conflicts. On an annual basis, board members are asked to sign that they understand and comply with the conflict-of-interest policy. Form 990, Part VI, Section C, Line 19 Montana Insurance Guaranty Association's governing documentation and financial statements are available to the public upon request. Needed more time and timely filed form 8868 for an extension.