ALABAMA LIFE & DISABILITY INSURANCE GUARANTY ASSOCIATION

Address
6 OFFICE PARK CIRCLE NO 200
BIRMINGHAM, AL 35223
Contact
Phone: +1 (205) 879-2202
Nonprofit
NTEE: Y20 - Insurance Providers, Services
EIN: 63-0960930

Mission

PROVIDING PAYMENTS TO OR ON BEHALF OF POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES & PROVIDING CONTINUED COVERAGE FOR POLICYHOLDERS BY NEGOTIATING REINSURANCE AGREEMENTS OR PROVIDING ADMINISTRATIVE SERVICES.
 201620152014
Basic features of the organization
Year of formation1982
Subsection501(c)
Organization typeAssociation
Metropolitan statistical area1000
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$138,886.00$131,813.00$127,023.00
Sum of reportable (W2/1099) compensation$119,568.00$119,385.00$114,881.00
Number of employees222
Number of people compensated >$100k111
Number of volunteers000
Number of highly compensated contractors100
Personnel
Camillo, Mutual
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personMUTUAL SAV LIFE INS CO JOHN CAMILLOMUTUAL SAV LIFE INS CO JOHN CAMILLOMUTUAL SAV LIFE INS CO JOHN CAMILLO
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Daugette, Life
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personLIFE INS CO OF AL CLARENCE DAUGETTELIFE INS CO OF AL CLARENCE DAUGETTELIFE INS CO OF AL CLARENCE DAUGETTE
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Erath, Amer
TitleDIRECTORDIRECTORDIRECTOR
Name of key/compensated personAMER GEN LIFE ACC INSGREG ERATHAMER GEN LIFE ACC INSGREG ERATHAMER GEN LIFE ACC INSGREG ERATH
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or directorIndividual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Kelly, Life
TitleDIRECTORDIRECTOR 10/1/15 TO 12/31/15 
Name of key/compensated personMETROPOLITAN LIFE INS ALISON KELLYMETROPOLITAN LIFE INSALLISON KELLY 
Average hours per week working for org1.001.00 
Reportable compensation from org$0.00$0.00 
Other comp, non-reportable, from org and related orgs$0.00$0.00 
PositionIndividual trustee or directorIndividual trustee or director 
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00 
Livingston, Liberty
TitleSECRETARY-TREASURERSECRETARY-TREASURERSECRETARY-TREASURER
Name of key/compensated personLIBERTY NATL LIFE JOHN LIVINGSTONLIBERTY NATL LIFE JOHN LIVINGSTONLIBERTY NATL LIFE JOHN LIVINGSTON
Average hours per week working for org1.001.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Long, Protective
TitleVICE CHAIRMAN(9 MO.)/CHAIRMAN(3 MO.)VICE-CHAIRMANCHAIRMAN(9 MO.)/VICE CHARIMAN(3 MO.)
Name of key/compensated personPROTECTIVE LIFE INS CO DEBORAH LONGPROTECTIVE LIFE INS CO DEBORAH LONGPROTECTIVE LIFE INS CO DEBORAH LONG
Average hours per week working for org2.001.002.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Lynch, Life
Title DIRECTOR 1/1/15 TO 9/30/15DIRECTOR
Name of key/compensated person METROPOLITAN LIFE INS COBOB LYNCHMETROPOLITAN LIFE INS CO BOB LYNCH
Average hours per week working for org 1.001.00
Reportable compensation from org $0.00$0.00
Other comp, non-reportable, from org and related orgs $0.00$0.00
Position Individual trustee or directorIndividual trustee or director
Corresponding comp from related orgs
Reportable compensation from related orgs  $0.00$0.00
Robison, Alfa
TitleCHAIRMAN(9 MO.)/VICE CHAIRMAN(3 MO.)CHAIRMANVICE CHAIRMAN(9 MO.)/CHAIRMAN(3 MO.)
Name of key/compensated personALFA LIFE INS CO ROB ROBISONALFA LIFE INS CO ROB ROBISONALFA LIFE INS CO ROB ROBISON
Average hours per week working for org2.002.001.00
Reportable compensation from org$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00
PositionIndividual trustee or director, OfficerIndividual trustee or director, OfficerIndividual trustee or director, Officer
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Still, Dotty
TitleEXECUTIVE DIRECTOREXECUTIVE DIRECTOREXECUTIVE DIRECTOR
Name of key/compensated personDOTTY STILLDOTTY STILLDOTTY STILL
Average hours per week working for org40.0040.0040.00
Reportable compensation from org$119,568.00$119,385.00$114,881.00
Other comp, non-reportable, from org and related orgs$19,318.00$12,428.00$12,142.00
PositionOfficerOfficerOfficer, Highly compensated employee
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00
Purpose: mission, activities & accomplishments
Mission or significant activitiesPROVIDING PAYMENTS TO OR ON BEHALF OF POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES & PROVIDING CONTINUED COVERAGE FOR POLICYHOLDERS BY NEGOTIATING REINSURANCE AGREEMENTS OR PROVIDING ADMINISTRATIVE SERVICES.PROVIDING PAYMENTS TO OR ON BEHALF OF POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES & PROVIDING CONTINUED COVERAGE FOR POLICYHOLDERS BY NEGOTIATING REINSURANCE AGREEMENTS OR PROVIDING ADMINISTRATIVE SERVICES.PROVIDING PAYMENTS TO OR ON BEHALF OF POLICYHOLDERS OF INSOLVENT INSURANCE COMPANIES & PROVIDING CONTINUED COVERAGE FOR POLICYHOLDERS BY NEGOTIATING REINSURANCE AGREEMENTS OR PROVIDING ADMINISTRATIVE SERVICES.
Programs, including revenue & expenses
THE ALABAMA INSURANCY GUARANTY ACT MANDATED THE CREATION OF THE ALABAMA LIFE AND DISABILITY INSURANCE GUARANTY ASSOCIATION TO SERVE AS AN AGENT OF THE STATE OF ALABAMA.THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OF POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS. THE ASSOCIATION HAS ACTED IN THIS CAPACITY SINCE ITS INCEPTION.
Program expenses$0.00$0.00 
Grants and allocations made$0.00$0.00 
Program revenue$0.00$0.00 
Program descriptionTHE ALABAMA INSURANCY GUARANTY ACT MANDATED THE CREATION OF THE ALABAMA LIFE AND DISABILITY INSURANCE GUARANTY ASSOCIATION TO SERVE AS AN AGENT OF THE STATE OF ALABAMA.THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OF POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS. THE ASSOCIATION HAS ACTED IN THIS CAPACITY SINCE ITS INCEPTION.THE ALABAMA INSURANCY GUARANTY ACT MANDATED THE CREATION OF THE ALABAMA LIFE AND DISABILITY INSURANCE GUARANTY ASSOCIATION TO SERVE AS AN AGENT OF THE STATE OF ALABAMA.THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OF POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS. THE ASSOCIATION HAS ACTED IN THIS CAPACITY SINCE ITS INCEPTION.THE ALABAMA INSURANCE GUARANTY ACT MANDATED THE CREATION OF THE ALABAMA LIFE AND DISABILITY INSURANCE GUARANTY ASSOCIATION TO SERVE AS AN AGENT OF THE STATE OF ALABAMA.THE PURPOSE OF THE ASSOCIATION IS TO PROVIDE A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT AND TO AVOID FINANCIAL LOSS TO CLAIMANTS OF POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER, TO ASSIST IN THE DETECTION AND PREVENTION OF INSURER INSOLVENCIES, AND TO PROVIDE AN ASSOCIATION TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS. THE ASSOCIATION HAS ACTED IN THIS CAPACITY SINCE ITS INCEPTION.
Financial data
Expense categories (totals)
Sum (total functional expenses)$1,894,118.00$1,965,259.00$2,190,524.00
Revenue
Total revenue$525,265.00$7,773,083.00$5,319,338.00
Program service revenue (total)$221,614.00$7,258,159.00$4,692,025.00
Revenue from contributions (total) $0.00$0.00
Investment income$292,938.00$489,711.00$313,133.00
Total unrelated business revenue$0.00$0.00$0.00
Other revenue, current yr$10,713.00$25,213.00$314,180.00
Net unrelated business taxable revenue$0.00$0.00$0.00
Total revenue from grants, etc., current yr$0.00$0.00$0.00
Gross receipts$525,265.00$7,773,083.00$5,319,338.00
Other types of revenue
Miscellaneous revenue (total)$10,713.00$25,213.00$314,180.00
Income from dividends, interest, and similar investments$292,938.00$489,711.00$313,133.00
Net rental income $0.00$0.00
Fees for services
Legal fees (total)$12,047.00$11,142.00$6,660.00
Fundraising service fees (total)$0.00$0.00$0.00
Accounting service fees (total)$30,477.00$28,100.00$25,092.00
Assets and liabilities
Total assets$34,168,515.00$35,541,022.00$29,825,282.00
Total assets, beginning of year$35,541,022.00$29,825,282.00$26,842,211.00
Total liabilities$60,254,425.00$59,590,579.00$59,682,663.00
Total liabilities, beginning of year$59,590,579.00$59,682,663.00$71,985,006.00
Net assets-$26,085,910.00-$24,049,557.00-$29,857,381.00
Net assets, beginning of year-$24,049,557.00-$29,857,381.00-$45,142,795.00
Other liabilities$60,208,000.00$59,540,500.00$59,540,500.00
Other assets$99,421.00$119,728.00$84,450.00
Investments: publicly traded securities$27,331,127.00$28,286,742.00$23,887,535.00
Cash: non-interest bearing$93,973.00$93,883.00$154,311.00
Cash: non-interest bearing, beginning of year$93,883.00$154,311.00$99,924.00
Other financial variables
Revenue less expenses-$1,368,853.00$5,807,824.00$3,128,814.00
Savings & temp cash investment$6,424,984.00$6,432,124.00$5,460,244.00
Accounts receivable, net$105,498.00$473,545.00$69,326.00
Prepaid expenses & deferred charges$112,075.00$132,307.00$168,063.00
Accounts payable & accrued expenses$46,425.00$50,079.00$142,163.00
Total net assets or fund balances-$26,085,910.00-$24,049,557.00-$29,857,381.00
Depreciation, depletion, amortization$1,255.00$1,409.00$1,194.00
Governance and accountability
Number of voting members777
Number of independent voting members777
Financial sheets auditedTrueTrueTrue
Tax year start date2016-01-012015-01-012014-01-01
Tax year end date2016-12-312015-12-312014-12-31
Accounting methodAccrualAccrualAccrual
Metadata about the filing
E-return type990990990
Date e-filing submitted2017-12-272017-04-122016-02-17
IRS schema version2016v3.02015v2.12014v5.0
Filing identifier201733119349300713201643209349314264201523209349308222
Use these data in your project Benchmark this organization against its peers