2025-11-06T09:40:29-06:00 2024-12-31 340677006 MALONEY NOVOTNY LLC 1105 SCHROCK ROAD STE 510 COLUMBUS OH 43229 990 2024-01-01 510138344 WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION WEST 6144426601 485 METRO PLACE SOUTH 270 DUBLIN OH 43017 SONNI PETERSON PRESIDENT 6144426601 2025-11-04 1 1 GREGORY RUBAN P00946304 6147816174 2025-11-04 2024 2025-03-06 01:10:19Z SONNI PETERSON 485 METRO PLACE SOUTH 270 DUBLIN OH 43017 879325 0 X WVIGA.ORG X 1976 WV THE MISSION OF THE WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION IS TO PROVIDE SOME LEVEL OF PROTECTION FOR CERTAIN POLICY HOLDERS AND CLAIMANTS AGAINST THE INSOLVENCY OF THE INSURANCE COMPANY LICENSED TO SELL THOSE TYPES OF POLICIES IN WEST VIRGINIA WHEN THE COMPANY IS PLACED INTO LIQUIDATION. 6 6 0 0 0 0 0 0 4892193 38183 528189 841142 0 0 5420382 879325 0 0 0 0 169935 214354 0 0 0 757910 393599 927845 607953 4492537 271372 18590879 18974986 32572 51046 18558307 18923940 X THE MISSION OF THE WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION IS TO PROVIDE SOME LEVEL OF PROTECTION FOR CERTAIN POLICY HOLDERS AND CLAIMANTS AGAINST THE INSOLVENCY OF THE INSURANCE COMPANY LICENSED TO SELL THOSE TYPES OF POLICIES IN WEST VIRGINIA WHEN THE COMPANY IS PLACED INTO LIQUIDATION. 0 0 WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION (WVIGA) IS A NOT-FOR-PROFIT, UNINCORPORATED LEGAL ENTITY. IT PROVIDES A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS, INCLUDING REFUNDS OF UNEARNED PREMIUMS, TO AVOID FINANCIAL LOSS TO WEST VIRGINIA CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF DIRECT INSURERS(EXCLUDING LIFE, TITLE SURETY, DISABILITY, CREDIT, MORTGAGE GUARANTY AND OCEAN MARINE). INSURANCE COMPANIES ARE MEMBERS OF THE ASSOCIATION IF THEY WRITE INSURANCE COVERED BY THE ASSOCIATION AND IF THEY ARE LICENSED TO WRITE INSURANCE IN WEST VIRGINIA. WHEN AN INSURANCE COMPANY BECOMES INSOLVENT, THE ASSOCIATION ESTIMATES THE AMOUNT OF COVERED CLAIMS OF WEST VIRGINIA CLAIMANTS AND POLICYHOLDERS, AND BASED ON CERTAIN PRESCRIBED PROCEDURES, ASSESSES THE MEMBER INSURANCE COMPANIES FOR THEIR PORTION OF SUCH COVERED LOSSES. A SEPARATE FUND IS MAINTAINED FOR EACH INSOLVENCY AND RECEIPTS AND DISBURSEMENTS ALLOCABLE TO A SPECIFIC INSOLVENCY ARE ACCOUNTED FOR IN THAT FUND. 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 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 1 0 0 1 8 0 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X SONNI PETERSON 6144426601 485 METRO PLACE SOUTH 270 DUBLIN OH 43017 WILLIAM MCGEE JR ESQ CHAIRMAN 1.00 X X 0 0 0 R LINDSEY MCCUTCHAN DIRECTOR 0.50 X 0 0 0 DAMIEN JOSEFIAK DIRECTOR 0.50 X 0 0 0 KIRK H LARSEN VICE CHAIR 1.00 X X 0 0 0 JULIAN F ARBUCKLE SECRETARY/ TREASURER 1.00 X X 0 0 0 FOSTER L SIRBURGH JR DIRECTOR 0.50 X 0 0 0 SONNI PETERSON PRESIDENT 16.00 24.00 X 0 250364 81150 0 250364 81150 0 0 1 0 0 LIQUIDATORS-INSOLVENT 524298 35611 35611 SUBROGATION REVENUE 524298 2572 2572 38183 841142 841142 879325 38183 0 841142 87940 68780 16202 31405 10027 14607 9462 44261 2168 2871 79972 20219 1117 19675 11671 CLAIMS AND LOSSES 131786 NCIGF DUES 51620 MISCELLANEOUS 1912 DUES AND SUBSCRIPTIONS 1910 348 607953 212152 78844 2473188 3010000 113133 129797 21412 14222 15736543 15724209 34451 17914 18590879 18974986 539 5780 32033 45266 32572 51046 X 18558307 18923940 18558307 18923940 18590879 18974986 271372 94261 0 X X 0 1 X 1 0 0 1 0 0 PAYABLE TO OIGA 45266 45266 X 929325 94261 94261 835064 44261 44261 879325 563692 0 563692 44261 44261 607953 PART X, LINE 2: WVIGA'S EVALUATION AT YEAR END REVEALED NO UNCERTAIN TAX PROVISIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. WVIGA DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES IN TAX POSITIONS WILL OCCUR WITHIN THE NEXT TWELVE MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE FINANCIAL STATEMENTS. 1 0 0 0 SONNI PETERSON PRESIDENT 0 215635 0 34729 0 0 0 23963 0 57187 0 331514 0 0 PART I, LINE 3 THE PRESIDENT IS COMPENSATED BY THE OHIO INSURANCE GUARANTY ASSOCIATION (OIGA) AND WVIGA REIMBURSES OIGA FOR ITS SHARE OF THE COMPENSATION. SALARY DETERMINATIONS ARE DETERMINED BY OIGA'S BOARD. THEY MEET WITH THE PLANNING COMMITTEE OF THE BOARD OF THE OIGA, REVIEW COMPARABLE COMPENSATION INFORMATION FROM THE MEMBER INSURANCE COMPANIES AS WELL AS THE INSURANCE INDUSTRY AS A WHOLE, AND HAVE A DISCUSSION WITH THE PRESIDENT TO DETERMINE COMPENSATION LEVELS. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS THAT ARE INSURANCE COMPANIES THROUGHOUT THE STATE OF WEST VIRGINIA THAT MUST REMAIN A MEMBER OF THE ASSOCIATION AS A CONDITION OF THEIR AUTHORITY TO TRANSACT INSURANCE, AS DESCRIBED BY THE PROVISIONS OF THE WEST VIRGINIA INSURANCE GUARANTY INSURANCE ASSOCIATION ACT. FORM 990, PART VI, SECTION A, LINE 7A REPRESENTATIVES OF MEMBER INSURANCE COMPANIES HAVE THE AUTHORITY TO NOMINATE AND VOTE ON MEMBERS OF THE BOARD AS DESCRIBED IN THE WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION'S PLAN OF OPERATION. FORM 990, PART VI, SECTION A, LINE 7B THE DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO THE APPROVAL OF THE MEMBERS GIVEN BY PHYSICAL PRESENCE OR PROXY AT THE ANNUAL MEMBERS MEETING. FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT WILL REVIEW THE 990 AND SEEK ASSISTANCE AS NEEDED. A COPY IS THEN PRESENTED TO THE BOARD MEMBERS PRIOR TO FILING FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C POLICY IS RE-DISTRIBUTED ANNUALLY TO DIRECTORS, OFFICERS, AND EMPLOYEES TO CONSISTENTLY ENFORCE THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE OHIO INSURANCE GUARANTY ASSOCIATION (OIGA), THE OHIO LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION (OLHIGA), AND THE WEST VIRGINIA INSURANCE GUARANTY ASSOCIATION (WVIGA) ARE JOINTLY MANAGED UNDER A CONTRACTUAL ARRANGEMENT USING ONE LOCATION WITH A SINGLE STAFF. ALL EXPENSES, INCLUDING SALARIES, ARE ALLOCATED BETWEEN THE ORGANIZATIONS BASED ON THE TIME SPENT ON EACH ORGANIZATION'S ACTIVITIES. ALL STAFF MEMBERS ARE, FOR W-2 PURPOSES, EMPLOYEES OF THE OIGA, BUT EACH ORGANIZATION PAYS ITS PRO-RATA SHARE OF ALL EXPENSES, INCLUDING SALARIES. SALARIES OF OFFICERS AND KEY EMPLOYEES ARE SET BY THE FULL BOARD OF THE OIGA, BASED ON A RECOMMENDATION BY A PLANNING COMMITTEE OF THREE OIGA BOARD MEMBERS AFTER THEY MEET WITH THE PRESIDENT AND REVIEW SALARY RECOMMENDATIONS AND AFTER THEY PERIODICALLY REVIEW COMPARABLE SALARIES IN THEIR OWN INSURANCE COMPANIES AND IN THE INSURANCE INDUSTRY SURVEYS OF SIMILAR SALARIES IN OTHER GUARANTY ASSOCIATIONS. SALARY DETERMINATIONS BY THE BOARD ARE RECORDED FOR ACCOUNTING AND AUDITING PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION PROVIDED UPON REQUEST. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. OHIO INSURANCE GUARANTY ASSOCIATION 485 METRO PLACE SOUTH SUITE 270 DUBLIN OH 43017 341112111 PERFORMANCE OH 501(C)(6) N/A 0 OHIO LIFE & HEALTH INS GUARANTY 485 METRO PLACE SOUTH SUITE 270 SUI DUBLIN OH 43017 311297832 PERFORMANCE OH 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 OHIO INSURANCE GUARANTY ASSOCIATION P 272196 ACTUAL COSTS