NJSLIGF WAS CREATED BY NJSA 17:22-6.70 ET SEQ. THIS STATUTE ESTABLISHES A MECHANISM FOR THE PAYMENT OF "COVERED CLAIMS" OF INSOLVENT SURPLUS LINES INSURANCE COMPANIES. IT HAS BEEN FUNDED THROUGH A ONE-TIME ASSESSMENT OF ELIGIBLE SURPLUS LINES INSURERS THROUGH JULY 21, 2011, AS WELL AS A SURCHARGE ON POLICY PREMIUMS, WHICH HAS NOT BEEN ACTIVATED SINCE AUGUST 1993.
Executive compensation
Form 990 · Schedule J · 14 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.
| Position | Total |
|---|---|
Asst Dir of Compliance & IT Highest Compensated Employee Below 10th percentile | $39k $42k |
Dir. of Compliance & IT Officer (Unspecified) | $36k $39k |
Special Counsel Former Officer/director/trustee 25th percentile to median | $35k $38k |
Chief Executive Officer 10th to 25th percentile | $34k $37k |
Deputy Director of Claims Highest Compensated Employee Below 10th percentile | $31k $34k |
Software Develop. Manager Highest Compensated Employee Below 10th percentile | $30k $33k |
Special Projects Coordinator Former Officer/director/trustee 10th to 25th percentile | $29k $31k |
Director of Claims Director (Operational) 10th to 25th percentile | $28k $31k |
Director of Human Resources Director (Operational) 10th to 25th percentile | $25k $27k |
Director of Operations Below 10th percentile | $15k $17k |
Asst General Counsel Highest Compensated Employee Below 10th percentile | $14k $15k |
Director of Siu Highest Compensated Employee Below 10th percentile | $13k $14k |
Director of Finance 10th to 25th percentile | $12k $13k |
General Counsel Officer (Unspecified) | $3k $4k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 9 unpaid individuals.
Up 9%
from 2023
From $36k in 2023 to $39k in 2024.
Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Highest Compensated Employee pay rose 9% from 2023 to 2024, while revenue fell 28%.
- Former Officer/director/trustee pay rose 15% from 2023 to 2024.
- Chief Executive Officer pay fell 1% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Revenue and expenses over time
NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND reported revenue and expenses across 2 filing years.
Common questions about NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND
What does the Highest Compensated Employee of NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND earn?
In 2024, the Highest Compensated Employee of NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND received $39,042 in total compensation. This pay is in the bottom 10% for Highest Compensated Employee roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.
How does Highest Compensated Employee pay at NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND compare with similar nonprofits?
Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Highest Compensated Employee at NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND falls in the bottom 10%.
What are NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND's revenue and expenses?
In 2024, NEW JERSEY SURPLUS LINES INSURANCE GUARANTY FUND reported $347k in total revenue and $61k in total expenses on its IRS Form 990.
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