2026-04-10T15:01:33-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 220 S 6TH STREET SUITE 300 MINNEAPOLIS MN 55402 990 2025-01-01 411333903 MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION MINN 6123228713 225 SOUTH 6TH STREET 2900 MINNEAPOLIS MN 55402 PAMELA OLSEN EXECUTIVE DIRECTOR 6123228713 2026-04-05 1 HEIDI TATRO P01591796 6123764500 2026-04-05 2025 2025-03-06 01:10:19Z PAMELA OLSEN 225 SOUTH 6TH STREET 2900 MINNEAPOLIS MN 55402 11671412 0 X WWW.MNLIFEGA.ORG X 1977 MN PROTECT PEOPLE AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS. 9 9 0 0 0 0 0 0 60025 11517154 494871 154258 0 0 554896 11671412 0 0 0 0 124019 126971 0 0 0 259588 18179130 383607 18306101 171289 -6634689 16542087 20258904 1520670 11872176 15021417 8386728 X THE ASSOCIATION'S PURPOSE IS TO PROTECT POLICY OWNERS, DEATH BENEFIT CERTIFICATE HOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE AND HEALTH INSURANCE POLICIES AND ANNUITY AND SUPPLEMENTAL CONTRACTS AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO THE IMPAIRMENT OF AN INSURER AUTHORIZED TO TRANSACT BUSINESS IN MINNESOTA. THE PROTECTION IS SUBJECT TO CERTAIN LIMITS AND CONDITIONS SET FORTH IN MINNESOTA STATUTES. THE ASSOCIATION ASSESSES ITS MEMBER INSURERS, SUBJECT TO CERTAIN LIMITATIONS, TO OBTAIN THE FUNDS NECESSARY TO CARRY OUT ITS PURPOSE AND DUTIES. 0 0 THE ASSOCIATION'S PURPOSE IS TO PROTECT POLICY OWNERS, DEATH BENEFIT CERTIFICATE HOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE AND HEALTH INSURANCE POLICIES AND ANNUITY AND SUPPLEMENTAL CONTRACTS AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO THE IMPAIRMENT OF AN INSURER AUTHORIZED TO TRANSACT BUSINESS IN MINNESOTA. THE PROTECTION IS SUBJECT TO CERTAIN LIMITS AND CONDITIONS SET FORTH IN MINNESOTA STATUTES. THE ASSOCIATION ASSESSES ITS MEMBER INSURERS, SUBJECT TO CERTAIN LIMITATIONS, TO OBTAIN THE FUNDS NECESSARY TO CARRY OUT ITS PURPOSE AND DUTIES. 0 0 0 0 0 0 0 0 0 0 0 0 1 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 6 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X PAMELA EPP OLSEN 6123228713 225 SOUTH 6TH STREET SUITE 2900 MINNEAPOLIS MN 55402 ASHLEY BEAUDRY CHAIR 0.50 X X 0 0 0 ANGELA HOLLAN DIRECTOR 0.30 X 0 0 0 CARLY COLE DIRECTOR 0.30 X 0 0 0 JOY HIGA DIRECTOR 0.30 X 0 0 0 SARA HREHA SECRETARY/TREASURER & DIRE 0.30 X 0 0 0 PAULA MINELLA DIRECTOR 0.30 X 0 0 0 KERI O'BRIEN VICE CHAIR 0.50 X 0 0 0 SARAH JAMES DIRECTOR 0.30 X 0 0 0 LAURA HANSON DIRECTOR 0.30 X 0 0 0 PAMELA OLSEN EXECUTIVE DIRECTOR 32.00 X 120086 0 0 120086 0 0 1 0 0 0 0 ASSESSMENTS 524298 5864870 5864870 ESTATE DISTRIBUTION 900099 5533907 5533907 REINSURANCE 524298 118319 118319 RECOVERIES 524298 58 58 11517154 154258 154258 11671412 11517154 0 154258 120086 6885 1260 28741 27450 6885 2084 18705 46909 CLAIMS AND WITHDRAWALS 17811826 ADMINISTRATION FEES 155701 DUES 68914 MISCELLANEOUS 10655 18306101 12566302 3427673 3975785 16831231 16542087 20258904 1520670 11872176 1520670 11872176 X 15021417 8386728 0 0 0 0 15021417 8386728 16542087 20258904 -6634689 0 X X 0 1 X 1 0 0 FUNDS HELD IN ESCROW 5946877 DUE FROM OTHER FUNDS 10884354 16831231 PREPAID ASSESSMENTS 987822 DUE TO OTHER FUNDS 10884354 11872176 X 11671412 0 11671412 0 11671412 18306101 0 18306101 0 18306101 PART X, LINE 2: THE ASSOCIATION FOLLOWS THE PROVISIONS OF ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBES A RECOGNITION THRESHOLD FOR THE FINANCIAL STATEMENT RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND COMPARABLE SECTIONS OF THE MINNESOTA INCOME TAX STATUTES. THE ASSOCIATION'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. FORM 990, PARTIII, LINE 1 THE ASSOCIATION'S PURPOSE IS TO PROTECT POLICY OWNERS, DEATH BENEFIT CERTIFICATE HOLDERS, INSUREDS, BENEFICIARIES, ANNUITANTS, PAYEES AND ASSIGNEES OF LIFE AND HEALTH INSURANCE POLICIES AND ANNUITY AND SUPPLEMENTAL CONTRACTS AGAINST FAILURE IN THE PERFORMANCE OF CONTRACTUAL OBLIGATIONS DUE TO THE IMPAIRMENT OF AN INSURER AUTHORIZED TO TRANSACT BUSINESS IN MINNESOTA. THE PROTECTION IS SUBJECT TO CERTAIN LIMITS AND CONDITIONS SET FORTH IN MINNESOTA STATUTES. THE ASSOCIATION ASSESSES ITS MEMBER INSURERS, SUBJECT TO CERTAIN LIMITATIONS, TO OBTAIN THE FUNDS NECESSARY TO CARRY OUT ITS PURPOSE AND DUTIES. FORM 990, PART VI, SECTION A, LINE 6 THE MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION IS A STATUTORY ENTITY CREATED IN 1977 WHEN THE MINNESOTA LEGISLATURE ENACTED THE MINNESOTA LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION ACT (CHAPTER 61B, MINNESOTA STATUTES). THE GUARANTY ASSOCIATION MEMBERSHIP IS COMPOSED OF ALL INSURERS LICENSED TO SELL LIFE INSURANCE, ACCIDENT AND HEALTH INSURANCE, AND ANNUITIES IN THE STATE OF MINNESOTA. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBER INSURERS HAVE ONE VOTE TO ELECT MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE MANAGEMENT OF THE ORGANIZATION WORKS WITH A PUBLIC ACCOUNTING FIRM IN PREPARING THE FORM 990. BEFORE FILING WITH THE IRS, THE RETURN IS PRESENTED TO THE BOARD OF DIRECTORS IN CONJUNCTION WITH THE APPROVAL OF THE ANNUAL AUDIT REPORTS. ALL BOARD MEMBERS HAVE THE OPPORTUNITY TO PROVIDE INPUT. FORM 990, PART VI, SECTION B, LINE 12C ALL BOARD MEMBERS, OFFICERS, THE EXECUTIVE DIRECTOR, OUTSIDE ATTORNEY AND ANY OTHER CONTRACTORS WHO MAY BE ENGAGED BY THE ORGANIZATION ARE SUBJECT TO ADHERE TO THE CONFLICT OF INTEREST POLICY WHICH INCLUDES A DUTY TO DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICT TO THE CHAIRPERSON OF THE BOARD OR TO A BOARD MEMBER FOR AN INDEPENDENT REVIEW AND DETERMINATION OF SUBSEQUENT ACTION RELATED TO THE ISSUE. PROCEEDINGS RELATED TO THE CONFLICT ARE DOCUMENTED IN THE MEETING MINUTES OR AS OTHERWISE DETERMINED. THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL COVERED INDIVIDUALS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15A THE CHAIRPERSON SOLICITS INPUT FROM THE BOARD, INCLUDING BOARD MEMBERS WHO SERVE ON THE BOARDS OF OTHER GUARANTY ASSOCIATIONS, TO DETERMINE THE LEVEL OF COMPENSATION PROVIDED TO THE EXECUTIVE DIRECTOR. THIS PROCESS WAS LAST CONDUCTED IN 2022 FOR THE EXECUTIVE DIRECTOR, P. OLSEN. THE EXECUTIVE DIRECTOR IS THE ONLY COMPENSATED OFFICER OF THE ORGANIZATION AS AN INDEPENDENT CONTRACTOR. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.