2024-05-14T09:23:01-05:00 2023-12-31 570674209 ABERNETHY & COMPANY PC 3200 DEVINE STREET COLUMBIA SC 29205 990 2023-01-01 570650179 SOUTH CAROLINA LIFE AND ACCIDENT AND HEALTH INSURANCE GUARANTY ASSOCIATION SOUT 8032760271 PO BOX 8625 COLUMBIA SC 29202 ANDREA BOWERS EXECUTIVE DIRECTOR 8032760271 2024-05-13 1 ANDREA BOWERS 999009999 0 H BENJAMIN WILLIAMS IV P00091195 8037798070 2024-05-13 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ANDREA BOWERS PO BOX 8625 COLUMBIA SC 29202 3715967 0 X WWW.SCLIFEGA.ORG X 1972 SC IN ACCORDANCE WITH SC LAW, THE ORGANIZATION'S PURPOSE IS TO GUARANTEE BENEFITS AND CONTINUATION OF COVERED LIFE, HEALTH, ACCIDENT AND ANNUITY CONTRACTS WHEN INSURERS ISSUING SUCH POLICIES OR CONTRACTS BECOME INSOLVENT AND ARE UNDER A FINAL ORDER TO LIQUIDATE OR TO REHABILITATE. 9 9 0 0 0 0 0 0 628420 3184306 368428 531661 0 0 996848 3715967 0 0 0 0 0 0 0 0 0 2558799 3108898 2558799 3108898 -1561951 607069 31273191 31880260 0 0 31273191 31880260 X IN ACCORDANCE WITH SC LAW, THE ORGANIZATION'S PURPOSE IS TO GUARANTEE BENEFITS AND CONTINUATION OF COVERED LIFE, HEALTH, ACCIDENT AND ANNUITY CONTRACTS WHEN INSURERS ISSUING SUCH POLICIES OR CONTRACTS BECOME INSOLVENT AND ARE UNDER A FINAL ORDER TO LIQUIDATE OR TO REHABILITATE. 0 0 3108898 3715967 IN ACCORDANCE WITH SOUTH CAROLINA LAW, THE ORGANIZATION'S PROGRAM GUARANTEES PAYMENT OF BENEFITS AND CONTINUATION OF COVERED LIFE, HEALTH, ACCIDENT AND ANNUITY CONTRACTS WHEN INSURERS ISSUING SUCH POLICIES OR CONTRACTS BECOME INSOLVENT AND ARE PLACED UNDER A FINAL ORDER OF LIQUIDATION, REHABILITATION OR CONSERVATION. 3108898 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 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X ANDREA BOWERS 8032760271 PO BOX 8625 COLUMBIA SC 29202 X ATLANTIC COAST LIFE INSURANCE CO MEMBER 1.00 X 0 0 0 COLONIAL LIFE AND ACCIDENT INS MEMBER 1.00 X 0 0 0 GENWORTH FINANCIAL INC MEMBER 1.00 X 0 0 0 LINCOLN NATIONAL LIFE INSURANCE CO MEMBER 1.00 X 0 0 0 NATIONWIDE LIFE INSURANCE CO MEMBER 1.00 X 0 0 0 TIAA MEMBER 1.00 X 0 0 0 ATHENE ANNUITY AND LIFE ASSUR CO SECRETARY 1.00 X 0 0 0 AMERICAN FAMILY LIFE ASSURANCE COMP CHAIRMAN 2.00 X 0 0 0 BLUECROSS BLUESHIELD OF SOUTH CAROL TREASURER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 DISTRIBUTION FROM LIQU 524298 2334523 2334523 PREMIUMS AND REINSURAN 524298 819117 819117 SOUTH CAROLINA SPECIAL 524298 25000 25000 OTHER INSURANCE DEPOSI 524298 5666 5666 3184306 531661 531661 3715967 3715967 0 0 170000 170000 9360 9360 10700 10700 20599 20599 8910 8910 26957 26957 42407 42407 CLAIMS & REFUNDS 2531433 2531433 NOLHGA ASSESSMENT AND T 140322 140322 NOLHGA CLASS DUES & REG 71515 71515 76695 76695 3108898 3108898 0 0 1919750 1553789 29353441 30326471 31273191 31880260 0 0 X 0 0 0 0 31273191 31880260 31273191 31880260 31273191 31880260 607069 0 X 0 1 X 1 0 0 3715967 0 3715967 0 3715967 3108898 0 3108898 0 3108898 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION HAS NO EMPLOYEES. THE BOARD CONTRACTS WITH AN INDIVIDUAL WHO IS RESPONSIBLE FOR CARRYING OUT THE STATE-LAW MANDATED FUNCTIONS OF THE ORGANIZATION. THE CONTRACTOR IS RESPONSIBLE FOR PROVIDING HER OWN FACILITIES AND EQUIPMENT AND ESTABLISHES HER OWN SCHEDULE. THE EXECUTIVE DIRECTOR SOMETIMES SUB-CONTRACTS WITH INSURANCE COMPANIES AND/OR INDIVIDUALS TO ASSIST WITH OPERATING INSOLVENT INSURANCE COMPANIES DOMICILED IN SOUTH CAROLINA. SUCH SUB-CONTRACTED ACTIVITIES INCLUDE COLLECTION OF PREMIUMS AND APPROVAL OF CLAIMS. FORM 990, PART VI, SECTION A, LINE 7A UNDER SOUTH CAROLINA LAW, ALL COMPANIES WRITING LIFE, HEALTH, ACCIDENT AND ANNUITY INSURANCE POLICIES IN THE STATE ARE MEMBERS OF THE ASSOCIATION. THESE MEMBERS ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFT OF THE ORGANIZATION'S FORM 990 IS SENT TO EACH DIRECTOR FOR REVIEW. ONCE THE EXECUTIVE DIRECTOR DETERMINES THAT THERE ARE NO COMMENTS FROM BOARD MEMBERS, EITHER SHE OR AN OFFICER OF THE BOARD SIGNS THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO SIGN ANNUALLY THE ORGANIZATION'S CONFLICT OF INTEREST POLICY. THE EXECUTIVE DIRECTOR MONITORS THE RECEIPT OF THESE STATEMENTS AMD REVIEWS THE SIGNED STATEMENTS FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION PAYS AN EXECUTIVE DIRECTOR, WHO IS AN INDEPENDENT CONTRACTOR. BOARD MEMBERS DETERMINE HER COMPENSATION AT THE ANNUAL MEETING EACH YEAR WORKING IN EXECUTIVE SESSION. BOARD MEMBERS SURVEY OTHER STATE GUARANTY ASSOCIATIONS REGARDING COMPENSATION OF THEIR EXECUTIVE DIRECTORS TO ENSURE THAT SOUTH CAROLINA'S COMPENSATION OF ITS EXECUTIVE DIRECTOR IS REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION NOTES ON ITS WEBSITE THAT ALL ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST MADE THROUGH THE WEBSITE. NC LIFE & HEALTH INS GUARANTY 4441 SIX FORKS RD STE 106-153 RALEIGH NC 276095729 561208068 GUARANTY ASSOCIATION NC 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 NC LIFE & HEALTH INS GUARANTY ASSN P 1150 PROPORTIONATE SHARE