2026-06-19T05:28:02-05:00 2025-12-31 640897081 MATTHEWS CUTRER & LINDSAY PA 1020 HIGHLAND COLONY PKWY 500 RIDGELAND MS 39157 990 2025-01-01 237366411 MISSISSIPPI INSURANCE GUARANTY ASSOCIATION FOUNDATION MISS 6019570072 1905 COMMUNITY BANK WAY 120 FLOWOOD MS 39232 ARTHUR RUSSELL EXECUTIVE DIRECTOR 6019570072 2026-06-17 1 CHRIS B SAVELL CPA P00939509 6018988875 2026-06-17 2025 2025-03-06 01:10:19Z ARTHUR RUSSELL 1905 COMMUNITY BANK WAY SUITE 120 FLOWOOD MS 39232 27818468 0 X WWW.MS-MIGA.COM X 1970 MS MANAGE IN A PROFESSIONAL AND TIMELY MANNER THE PROPERTY-CASUALTY INSOLVENCIES FOR WHICH MIGA IS RESPONSIBLE BY DISCHARGING ASSOCIATION DUTIES IN ACCORDANCE WITH GOVERNING STATUTES AND PLAN OF OPERATING PROVISIONS. 11 11 6 0 0 0 0 0 0 0 2891536 2965364 738720 1291449 3630256 4256813 0 0 0 0 0 0 0 0 0 -17767935 -437137 -17767935 -437137 21398191 4693950 111066398 114951443 46291682 41550940 64774716 73400503 X OUR MISSION IS TO MANAGE IN A PROFESSIONAL AND TIMELY MANNER THE PROPERTY-CASUALTY INSOLVENCIES FOR WHICH MIGA IS RESPONSIBLE BY DISCHARGING ASSOCIATION DUTIES IN ACCORDANCE WITH GOVERNING STATUTES AND PLAN OF OPERATING PROVISIONS. 0 0 THE MISSISSIPPI INSURANCE GUARANTY ASSOCIATION IS A NON-PROFIT ENTITY AUTHORIZED UNDER THE MISSISSIPPI INSURANCE GUARANTY ASSOCIATION LAW AS OF APRIL 6, 1970. THE ASSOCIATION PROVIDES A MECHANISM FOR THE PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES TO AVOID EXCESSIVE DELAY IN PAYMENT AND AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF THE INSOLVENCY OF AN INSURER. THE ACT REQUIRES ALL INSURERS WHO WRITE DIRECT INSURANCE EXCEPT LIFE, TITLE, SURETY, DISABILITY, CREDIT, MORTGAGE GUARANTY, AND OCEAN MARINE INSURANCE TO BE MEMBERS OF THE ASSOCIATION AS A CONDITION OF THEIR AUTHORITY TO TRANSACT INSURANCE BUSINESS IN MISSISSIPPI.THE ACT GRANTS THE ASSOCIATION THE POWERS TO ASSESS INSURERS AMOUNTS NECESSARY TO PAY CLAIMS AND OTHER EXPENSES OF THE ASSOCIATION. THE ASSESSMENT OF EACH MEMBER INSURER IS IN THE PROPORTION THAT THE NET DIRECT WRITTEN PREMIUMS FOR THE MEMBER INSURER FOR THE PRECEDING CALENDER YEAR BEARS TO THE NET DIRECT WRITTEN PREMIUMS OF ALL MEMBER INSURERS FOR THE PRECEDING CALENDER YEAR. THE ASSESSMENT FOR ANY YEAR IS LIMITED TO ONE PERCENT OF THAT MEMBER'S DIRECT WRITTEN PREMIUMS FOR THE PRECEEDING CALENDER YEAR.RECOVERIES, IF ANY, FROM THE RECEIVER OR LIQUIDATOR OF INSOLVENT INSURERS ARE TO BE REFUNDED TO THE MEMBER INSURERS IN PROPORTION TO THE CONTRIBUTIONS OF EACH MEMBER INSURER TO THE ASSOCIATION. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 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 0 0 0 1 91 0 6 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 1 1 0 X RHONDA POWELL 6019570072 1905 COMMUNITY BANK WAY SUITE 120 FLOWOOD MS 39232 BECKY HILLHOUSE AMFED NATIONAL CLAIM COMM 3.00 X 0 0 0 BRYAN HUBBARD ALFA INSURANCE CO SECRETARY/TREASURER/EXEC C 3.00 X X 0 0 0 CAREY BREEDLOVE TRAVELERS INS CO INVESTMENT COMM 3.00 X 0 0 0 CARLY HERMANSON ALLSTATE INSURANCE LEGISLATIVE COMM 3.00 X 0 0 0 CLINT FISHER MS FARM BUREAU INS CLAIM COMM 3.00 X 0 0 0 GREG MCLEMORE ASCOT GROUP INVESTMENT COMM 3.00 X 0 0 0 JEFFREY CARVER BERKLEY SOUTHEAST IN VICE CHAIRMAN/PERSONNEL CO 3.00 X X 0 0 0 JIM ROWLES MS FARM BUREAU CHAIRMAN/EXECUTIVE COMM 3.00 X X 0 0 0 LISA WATSON EMC CLAIM COMM 3.00 X 0 0 0 RAY WAUGH NATIONWIDE INSURANCE CO LEGISLATIVE COMM 3.00 X 0 0 0 TIFFANY HAWKINS FCCI INSURANCE GROU INVESTMENT COMM-CHAIR 3.00 X 0 0 0 ARTHUR RUSSELL EXECUTIVE DIRECTOR 40.00 X 172114 0 0 172114 0 0 1 0 1 0 0 3621048 3621048 22905971 23561655 -655684 -655684 -655684 RECOVERIES 524298 1291449 1291449 1291449 4256813 4256813 0 0 164480 13063 CLAIMS LOSSES 2299567 CLAIMS EXPENSE 1708603 CHANGE IN ESTIMATED CLA -4622850 -437137 302037 609928 345266 292763 58834 52503 108356405 111920296 2349122 2368716 111066398 114951443 46291682 41550940 46291682 41550940 X 64774716 73400503 64774716 73400503 111066398 114951443 4693950 3931837 0 X 0 1 X 1 0 345266 292763 52503 52503 PENSION LIABILITY -7271 POST RETIREMENT BENEFIT OBLIGATION 688993 CLAIM RESERVES 39327717 OPERATING LEASE LIABILITY 1541501 41550940 8024170 3931837 3931837 4092333 164480 164480 4256813 -601617 0 -601617 164480 164480 -437137 X 0 0 0 ARTHUR RUSSELL EXECUTIVE DIRECTOR 172114 0 0 0 0 0 0 0 0 0 172114 0 0 0 PART I, LINE 3 THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT APPROVES EMPLOYEE COMPENSATION. FORM 990, PART VI, SECTION A, LINE 8B COMMITTEES DO NOT HAVE THE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, AND KEY EMPLOYEES DISCLOSE ANNUALLY ANY INTEREST WHICH MIGHT GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE INDEPENDENT BOARD OF DIRECTORS DETERMINES THE SALARIES FOR THE EXECUTIVE DIRECTOR AND KEY EMPLOYEES FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.