2017-09-29T08:49:39-05:00 2016-12-31 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2016-01-01 720889235 LOUISIANA INSURANCE GUARANTY ASSOCIATION LOUI 2252914775 2142 QUAIL RUN DRIVE BATON ROUGE LA 708084126 JOHN WELLS PRINCIPAL OFFICER 2252914775 2017-09-14 1 RALPH STEPHENS P00638118 2259224600 206.124.204.139 2017-09-14 13:09:22 CD P 1C10DBD8397BFBA9B8F3CE219278F8E85F486C60 D76E9830D4F7AEB01793A01EA63C0152B9D6B544 2016 2021-01-29 14:40:06Z JOHN WELLS 2142 QUAIL RUN DRIVE BATON ROUGE LA 708084126 11235207 0 X WWW.LAIGA.ORG X 1971 LA LIGA IS AN ORGANIZATION CREATED BY THE INSURANCE GUARANTY ACT (LA. R.S. 1375-1394) TO PAY FOR THE CLAIMS OF INSOLVENT MEMBER INSURANCE COMPANIES. FUNDS ARE PROVIDED FOR THE PAYMENT OF THE CLAIMS BY THE ASSESSMENT OF THE REMAINING MEMBER INSURANCE COMPANIES. ALL ADMITTED INSURANCE COMPANIES DOING BUSINESS IN LOUISIANA ARE REQUIRED TO BE MEMBERS OF THE ASSOCIATION (EXCLUDING CERTAIN LINES OF BUSINESS EXCLUDED BY STATUTE). 9 9 10 9 0 0 0 0 0 0 2294217 -159910 2126362 7998901 4420579 7838991 0 0 10049115 10722318 876112 795207 0 0 0 74661775 1200481 85587002 12718006 -81166423 -4879015 148940373 144089695 0 0 148940373 144089695 NONE 0 0 LIGA SERVES AS A SAFETY NET FOR LOUISIANA INSURANCE POLICYHOLDERS. IN 2016 LIGA PAID APPROXIMATELY $8.74 MILLION TO POLICYHOLDERS AND THIRD PARTY CLAIMANTS. 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 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 1 365 0 1 10 1 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X JOHN WELLS 2257571688 2142 QUAIL RUN BATON ROUGE LA 70808 KRISTIN WALL DIRECTOR 1.00 X 0 0 0 DENIS HUSERS DIRECTOR 1.00 X 0 0 0 KEITH THOMPSON DIRECTOR 1.00 X 0 0 0 MARKHAM R MCKNIGHT BD TREASURER 1.00 X X 0 0 0 MICHAEL T GRAY BD CHARIMAN 1.00 X X 0 0 0 WAYNE T ROUSSEL SECRETARY 1.00 X X 0 0 0 WILLIAM D HUGHES III DIRECTOR 1.00 X 0 0 0 J E BRIGNAC JR DIRECTOR 1.00 X 0 0 0 JOHN WELLS LIGA DIRECTOR 40.00 X X 145000 0 14567 BILL GOURGUES DIRECTOR 1.00 X 0 0 0 GERRY CORYELL CLAIMS MANAGER 40.00 X 109600 0 7142 254600 0 21709 2 0 1 0 HAILEY MACNAMARA HALL LARMANN AND PAP PO BOX 8288 METAIRIE LA 70001 LEGAL SERVICES 1022389 MILLING BENSON WOODARD LLP 445 NORTH BLVD 200 BATON ROUGE LA 70802 LEGAL SERVICES 479751 LOFTON STAFFING SERVICES 9414 INTERLINE AVE BATON ROUGE LA 70809 LEASED/TEMPORARY EMPLOYEES AND PAYROLL S 471824 CORPORATE PHARMACY SERVICES 319 BROAD STREET GADSDEN AL 35901 PHARMACY BENEFIT MANAGER 315763 WELLS FARGO ADVISORS ONE NORTH JEFFERSON ST LOUIS MO 63103 INVESTMENT MANAGER 130492 5 3236306 3236306 3396216 -3396216 -3396216 -3396216 LIQUIDATION DISTRIBUTION 524298 8021185 8021185 RESTITUTION 524298 6053 6053 ORDINARY BUSINESS INCOME 900099 -28337 -28337 7998901 7838991 7998901 0 -159910 10722318 145000 600307 49900 25496 18025 1492 10496 145606 22157 8409 15874 CONTRACT LABOR 472651 OTHER CLAIMS HANDLING 135870 OUTSIDE CLAIMS 135403 DUES & SUBSCRIPTIONS 103815 105187 12718006 570979 608346 148369394 143481349 148940373 144089695 0 0 X 0 0 0 0 148940373 144089695 148940373 144089695 148940373 144089695 X -4879015 28337 X X 0 1 X 1 0 0 X 7867328 28337 28337 7838991 0 7838991 12718006 0 12718006 0 12718006 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM INCOME TAXES UNDER INTERNAL REVENUE CODE SECTION 501C6; THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE. THE ASSOCIATION RECOGNIZES THE EFFECT OF UNCERTAIN INCOME TAX POSITIONS ONLY IF THE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. RECOGNIZED INCOME TAX POSITIONS ARE RECORDED AT THE LARGEST AMOUNT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED. CHANGES IN THE RECOGNITION OR MEASUREMENT ARE REFLECTED IN THE PERIOD IN WHICH THE CHANGE IN JUDGMENT OCCURS. THE ASSOCIATION HAS EVALUATED ITS POSITION REGARDING THE ACCOUNTING FOR UNCERTAIN INCOME TAX POSITIONS AND DOES NOT BELIEVE THAT IT HAS ANY MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: ORDINARY BUSINESS INCOME 28,337. X X X X 0 0 0 JOHN WELLS LIGA DIRECTOR 145000 0 0 0 0 0 7250 0 7317 0 159567 0 0 0 GERRY CORYELL CLAIMS MANAGER 109600 0 0 0 0 0 5480 0 1662 0 116742 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ASSOCIATION HAS MEMBER INSURANCE COMPANIES AS DEFINED BY LA STATUTE FORM 990, PART VI, SECTION A, LINE 7A THERE ARE NINE BOARD MEMBERS, FOUR VOTED BY MEMBER ELECTIONS STAGGERED OVER THREE YEARS, ONE MEMBER COMPANY REPRESENTATIVE APPOINTED BY A LOCAL TRADE ORGANIZATION, AND FOUR APPOINTED BY ELECTED GOVERNMENT OFFICIALS. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD IS GIVEN AUDITED STATEMENTS AND THE ANNUAL REPORT WHICH ARE THE BASIS FOR AND USED IN THE FILLING OF THE 990. FORM 990, PART VI, SECTION B, LINE 12C THEY ARE REQUIRED TO DISCLOSE INTEREST TWICE. THE COMMISSIONER DEMANDS A STATEMENT ANNUALLY AS DOES THE LOUISIANA BOARD OF ETHICS/LA ETHICS COMMISSION. FORM 990, PART VI, SECTION B, LINE 15 PERSONNEL COMMITTEE OF BOARD OF DIRECTORS DETERMINES THE OFFICER'S SALARIES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PUBLISHED ON THE INTERNET SITE AS PART OF OUR ANNUAL REPORT. THE PLAN OF OPERATION AND POLICIES AND PROCEDURES ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ORDINARY BUSINESS INCOME 28,337. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.