2024-11-15T10:54:46-07:00 2023-12-31 990 2023-01-01 237204066 CONNECTICUT INSURANCE GUARANTY ASSOCIATION CONN 6172277020 One Bowdoin Square 2nd Fl Boston MA 02114 Heather Holland Treasurer 6176034775 2024-11-15 1 2023 2024-10-15 13:58:12Z Barbara Petersen Law One Bowdoin Square Second Floor Boston MA 021142916 71699009 0 X www.gfms.org X 1971 MA During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Connecticut state statute, Chapter 704a, Section 38a-842 of the Connecticut Insurance Laws. 7 7 0 0 0 0 0 0 10266303 4936835 12410 711329 0 0 10278713 5648164 0 0 17816725 8277401 0 0 0 0 0 1404822 1579850 19221547 9857251 -8942834 -4209087 105096125 100887038 0 0 105096125 100887038 During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Connecticut state statute, Chapter 704a, Section 38a-842 of the Connecticut Insurance Laws. 0 0 8277401 During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Connecticut state statute, Chapter 704a, Section 38a-842 of the Connecticut Insurance Laws. 0 0 0 8277401 0 0 0 1 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 0 0 0 1 44 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 Heather Holland 6176034775 One Bowdoin Square Second Floor Boston MA 021142916 Joseph Torti Chair representing United States Fire Insurance Co. 1 0 X 0 0 0 Jennifer A Morrison Vice Chair representing Amica Mutual Indemnity Company 1 0 X 0 0 0 John Cerrone Board Member representing Nationwide Mutual Insurance Co. 1 0 X 0 0 0 Eileen Fongemie Board Member representing MEMIC Indemnity Company 1 0 X 0 0 0 Joanne Garvin Board Member representing Travelers Indemnity Company 1 0 X 0 0 0 Adam Robitaille Board Member representing Farmers P&C Insurance Co 1 0 X 0 0 0 Andrew J Schneider Board Member representing Hartford Fire Insurance Company 1 0 X 0 0 0 0 0 0 0 0 0 0 Riscassi and Davis PC 131 Oak Street Hartford CT 061261557 Legal Services 499900 Tmesys LLC PO Box 850001 Dept 0559 Orlando FL 328850559 Rx Drug Service 439371 Silver Golub & Teitell LLP One Landmark Square 15th Floor Stamford CT 06901 Legal Services 432923 Mancini Law LLC 777 Echo Lake Road Suite G Watertown CT 06795 Legal Services 234488 Montstream & May LLP PO Box 1087 Glastonbury CT 06033 Legal Services 176120 6 0 0 0 0 0 0 0 0 Member Assessment 524298 2912780 2912780 0 0 Recovery 524298 1967844 1967844 0 0 Member Assessment Administrative 524298 56211 56211 0 0 0 0 0 0 4936835 2764951 2764951 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 63997223 0 66050845 0 -2053622 0 -2053622 -2053622 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 5648164 5648164 0 0 0 0 0 8277401 0 0 0 0 0 0 1422123 7627 26050 0 0 0 0 0 0 0 0 0 4185 0 0 0 0 0 6945 NCIGF Fee 85559 Administrative Expense 0 27361 9857251 0 0 0 2445756 5526371 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 102650369 95360667 0 0 0 0 0 0 0 0 105096125 100887038 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 105096125 100887038 105096125 100887038 105096125 100887038 -4209087 0 0 0 0 0 X 0 1 X 1 0 0 1 0 5605947 0 0 0 0 0 5605947 0 42217 42217 5648164 9815034 0 0 0 0 0 9815034 0 42217 42217 9857251 Schedule D, Part XI, Line 4b The Connecticut Insurance Guaranty Association has audited financial statements under the Modified-Cash Basis of accounting. The amount under other reflects the net adjustments to convert the financial statements from Modified-Cash Basis of accounting to the Cash Basis of accounting. Schedule D, Part XII, Line 4b The Connecticut Insurance Guaranty Association has audited financial statements under the Modified-Cash Basis of accounting. The amount under other reflects the net adjustments to convert the financial statements from Modified-Cash Basis of accounting to the Cash Basis of accounting. Form 990, Part VI, Section A, Line 3 The Connecticut Insurance Guaranty Association's management duties are provided by Guaranty Fund Management Services, Inc. (GFMS), a 501(c)(6) organization to provide claims, administration, accounting and management functions for eight Property & Casualty Insurance Guaranty Associations. Form 990, Part VI, Section A, Line 6 The Connecticut Insurance Guaranty Association's members are licensed Property & Casualty Insurance Companies which write insurance covered under the Connecticut Insurance Guaranty Association Act. Form 990, Part VI, Section A, Line 7a The members of the governing body, the board of directors, are elected by the Insurance Companies that are members of the Connecticut Insurance Guaranty Association. Form 990, Part VI, Section A, Line 7b For changes to the "Plan of Operation." Form 990, Part VI, Section B, Line 11b The Accountant prepares the return. It is reviewed by the Treasurer & VP of Accounting and Finance and the Audit Committee. Outside Tax Professionals are consulted as needed. Form 990, Part VI, Section B, Line 12c Form is filled out on an annual basis. If a conflict is noted it is reviewed by the Board of Directors and outside legal council as needed. Form 990, Part VI, Section B, Line 13 As a member of Guaranty Fund Management Services, Inc., the Connecticut Insurance Guaranty Association is subject to GFMS' whistleblower policy. Form 990, Part VI, Section B, Line 14 As a member of Guaranty Fund Management Services, Inc., the Connecticut Insurance Guaranty Association is subject to GFMS' document retention and destruction policy. Form 990, Part VI, Section B, Line 15 The Connecticut Insurance Guaranty Association does not have employees. Claims, administration, accounting and management functions are provided by GFMS under a contractual agreement. Form 990, Part VI, Section C, Line 19 The annual report of the Connecticut Insurance Guaranty Association is mailed to all of its members and the Commissioner of Insurance. The Financial Statements and the Plan of Operation of the Connecticut Insurance Guaranty Association are on GFMS' website. extension filed