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Filing year 2024

NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION

Albuquerque, New Mexico·EIN 74-1936016·501(c)(6)
Total revenue
$3.1M
Total assets
$3.9M
Total expenses
$593k
Reported officers
10
Mission

TO PROVIDE A MECHANISM TO FACILITATE CONTINUATION OF COVERAGE, PAYMENT OF COVERED CLAIMS UNDER CERTAIN INSURANCE POLICIES, TO AVOID EXCESSIVE DELAY IN PAYMENT AND AVOID FINANCIAL LOSS TO CLAIMANTS OR POLICYHOLDERS BECAUSE OF INSOLVENCY OF AN INSURER, TO ASSIST IN DETECTION AND PREVENTION OF INSURER INSOLVENCIES AND PROVIDE AN ASSOCIATION TO ASSESS THE COST OF SUCH PROTECTION AMONG INSURERS.

Reported officers (all unpaid)

No paid executives reported in 2024. NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION reported 10 unpaid officers and board members on its 990.

Chair
Vice-chair
Secretary
Treasurer
Director
Director
Director
Director
Director
Director
Financial trend

Revenue and expenses over time

NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$932k
$836k
2023
$3.1M
$593k
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION

What are NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION's revenue and expenses?

In 2024, NEW MEXICO LIFE INSURANCE GUARANTY ASSOCIATION reported $3.1M in total revenue and $593k in total expenses on its IRS Form 990.

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