2015-09-29T14:36:19-05:00 2014-12-31 721202445 POSTLETHWAITE & NETTERVILLE 8550 UNITED PLAZA BLVD SUITE 1001 BATON ROUGE LA 70809 990 2014-01-01 720889235 LOUISIANA INSURANCE GUARANTY ASSOCIATION LOUI 2252914775 2142 QUAIL RUN DRIVE BATON ROUGE LA 708084126 JOHN WELLS PRINCIPAL OFFICER 2252914775 2015-09-29 1 RALPH STEPHENS P00638118 2259224600 2014 2016-02-25 16:41:14Z JOHN WELLS 2142 QUAIL RUN DRIVE BATON ROUGE LA 708084126 15496215 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 4151505 3005468 1485938 9728972 5637443 12734440 0 0 9533991 9830372 799619 811915 0 0 0 765609 618980 11099219 11261267 -5461776 1473173 228661131 230210674 0 80365 228661131 230130309 NONE 0 0 LIGA SERVES AS A SAFETY NET FOR LOUISIANA INSURANCE POLICYHOLDERS. IN 2014 LIGA PAID APPROXIMATELY $7.6 MILLION TO POLICYHOLDERS AND THIRD PARTY CLAIMANTS. 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 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 1 303 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 DAVID A ROSS 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 MCKNIGHT BD TREASURER 1.00 X X 0 0 0 MICHAEL R 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 NORMAN REESE LIGA DIRECTOR 40.00 X X 120750 0 7515 JOHN WELLS LIGA DIRECTOR 40.00 X X 126500 0 11274 247250 0 18789 2 0 0 0 HAILEY MACNAMARA HALL LARMANN AND PAP PO BOX 8288 METAIRIE LA 70001 LEGAL SERVICES 912881 CORPORATE PHARMACY SERVICES 319 BROAD STREET GADSDEN AL 35901 PHARMACY BENEFIT MANAGER 508945 MILLING BENSON WOODARD LLP 445 NORTH BLVD 200 BATON ROUGE LA 70802 LEGAL SERVICES 388356 WELLS FARGO ADVISORS ONE NORTH JEFFERSON ST LOUIS MO 63103 INVESTMENT MANAGER 184163 JOHNSON YACOUBIAN & PAYSSE 701 POYDRAS STREET 4700 NEW ORLEANS LA 70139 LEGAL SERVICES 135343 5 5767243 5767243 2761775 -2761775 -2761775 -2761775 LIQUIDATION DISTRIBUTION 524298 9711843 9711843 RESTITUTION 524298 13134 13134 ORDINARY BUSINESS INCOME 900099 3995 3995 9728972 12734440 9728972 0 3005468 9830372 266039 494393 51483 38185 29889 5914 99912 13320 4412 16390 OUTSIDE CLAIMS 174714 DUES & SUBSCRIPTIONS 82554 OTHER CLAIMS HANDLING 54356 REPAIRS AND MAINTENANCE 29750 69584 11261267 97935 0 228563196 230210674 228661131 230210674 0 80365 0 80365 X 0 0 0 0 228661131 230130309 228661131 230130309 228661131 230210674 X 1473173 -3995 X X 0 1 X 1 0 0 OUTSTANDING CHECKS IN EXCESS OF BANK BALANCE 80365 80365 X 12730445 -3995 -3995 12734440 0 12734440 11261267 0 11261267 0 11261267 PART X, LINE 2: 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. WITH FEW EXCEPTIONS, THE ASSOCIATION IS NO LONGER SUBJECT TO FEDERAL, STATE, OR LOCAL TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE DECEMBER 31, 2011. PART XI, LINE 2D - OTHER ADJUSTMENTS: ORDINARY BUSINESS INCOME -3,995. 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 11 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 -3,995. FORM 990, PART XII, LINE 2C NO CHANGE FROM PRIOR YEAR.