2025-11-14T10:35:14-07:00 2024-12-31 990 2024-01-01 237292624 MAINE INSURANCE GUARANTY ASSOCIATION MAIN 6142277020 One Bowdoin Square Second Floor Boston MA 021142916 Heather Holland Treasurer 6176034775 2025-11-14 1 2024 2025-03-06 01:10:19Z Barbara Petersen Law One Bowdoin Square Second Floor Boston MA 021142916 18840861 0 X www.gfms.org X 1970 MA During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Maine state statute, Chapter 24-A Section 4433 of the Maine Insurance Laws. 7 7 0 0 0 0 0 0 530827 1006726 103093 827129 0 0 633920 1833855 0 0 3627810 0 0 0 0 0 0 631262 421579 4259072 421579 -3625152 1412276 29435995 30848271 0 0 29435995 30848271 During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Maine state statute, Chapter 24-A Section 4433 of the Maine Insurance Laws. 0 0 -175115 0 0 During the year the Association paid covered claims on behalf of insolvent insurers in accordance with the Maine state statute, Chapter 24-A Section 4433 of the Maine Insurance Laws. 0 0 0 -175115 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 16 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 6172277020 One Bowdoin Square Second Floor Boston MA 021142916 Lincoln J Merrill Chair representing Patriot Insurance Company 1 0 X 0 0 0 Mark Pettingill Vice Chair representing Patrons Oxford Insurance Co. 1 0 X 0 0 0 William Cahill Board Member representing Vermont Mutual Insurance Co. 1 0 X 0 0 0 Dave McPherson Board Member representing MMG Insurance Company 1 0 X 0 0 0 Adam Robitaille Board Member representing Farmers P&C Insurance Co. 1 0 X 0 0 0 Maisie Russell Board Member representing Travelers Indemnity Company 1 0 X 0 0 0 Doug Taylor Board Member representing Liberty Mutual Insurance Company 1 0 X 0 0 0 0 0 0 0 0 0 0 Locke Lord LLP 111 South Wacher Drive Chicago IL 60606 Legal Services 126402 Tmesys LLC PO Box 850001 Dept 0559 Orlando FL 328850559 Rx Drug Service 115111 2 0 0 0 0 0 0 0 0 Member Assessment 524298 3353 3353 0 0 Recovery 524298 999253 999253 0 0 Member Assessment Administrative 524298 4120 4120 0 0 0 0 0 0 1006726 962158 962158 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 16871977 0 17007006 0 -135029 0 -135029 -135029 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1833855 1833855 0 0 0 0 0 0 0 0 0 0 0 0 323804 175330 24355 0 0 0 0 0 0 -175115 0 0 8378 0 0 0 0 0 5258 NCIGF Fee 49207 10362 421579 0 0 0 1792734 2877881 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 27643261 27970390 0 0 0 0 0 0 0 0 29435995 30848271 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 0 0 0 0 29435995 30848271 29435995 30848271 29435995 30848271 1412276 0 0 0 0 0 X 0 1 1 0 0 1 0 1833855 0 0 0 0 0 1833855 0 0 0 1833855 378379 0 0 0 0 0 378379 0 43200 43200 421579 Schedule D, Part XII, Line 4b The Maine 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 Maine 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 Maine Insurance Guaranty Association's members are licensed Property & Casualty Insurance Companies which write insurance covered under the Maine 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 Maine 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 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 counsel as needed. Form 990, Part VI, Section B, Line 13 As a member of Guaranty Fund Management Services, Inc., the Maine 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 Maine Insurance Guaranty Association is subject to GFMS' document retention and destruction policy. Form 990, Part VI, Section B, Line 15 The Maine 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 Maine 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 Maine Insurance Guaranty Association are on GFMS' website. Form 8868 was submitted and approved before filing deadline.