2025-08-14T14:19:34-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 15303 N DALLAS PARKWAY SUITE 1400 ADDISON TX 75001 990 2024-01-01 746252674 TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION TEXA 8009826362 1717 WEST 6TH STREET 230 AUSTIN TX 78703 BART A BOLES EXECUTIVE DIRECTOR 8009826362 2025-08-14 1 1 ALLISON BROWN P01603075 9723835700 2025-08-14 2024 2025-03-06 01:10:19Z BART A BOLES 1717 WEST 6TH STREET SUITE 230 AUSTIN TX 78703 123451930 0 X WWW.TXLIFEGA.ORG X 1973 TX THE TLHIGA WAS ESTABLISHED BY CHAPTER 463 OF THE TEXAS INSURANCE CODE TO PROVIDE CERTAIN PROTECTIONS TO LIFE, HEALTH AND ANNUITY POLICYHOLDERS AND HMO MEMBERS IN THE EVENT THEIR MEMBER COMPANY IS FOUND TO BE INSOLVENT AND ORDERED LIQUIDATED BY A COURT. 9 9 4 0 0 0 0 0 53869281 120303028 2135274 3148902 0 0 56004555 123451930 0 0 0 0 708438 842779 0 0 0 53999772 112250539 54708210 113093318 1296345 10358612 100351854 194015589 38796021 121017914 61555833 72997675 THE TLHIGA WAS ESTABLISHED BY CHAPTER 463 OF THE TEXAS INSURANCE CODE TO PROVIDE CERTAIN PROTECTIONS TO LIFE, HEALTH AND ANNUITY POLICYHOLDERS AND HMO MEMBERS IN THE EVENT THEIR MEMBER COMPANY IS FOUND TO BE INSOLVENT AND ORDERED LIQUIDATED BY A COURT. 0 0 TEXAS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION PROVIDES PROTECTION TO TEXAS POLICY HOLDERS IN THE EVENT THEIR INSURANCE COMPANY BECOMES INSOLVENT. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 1 326 0 1 4 1 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X BART A BOLES 5124765101 1717 WEST 6TH STREET SUITE 230 AUSTIN TX 78703 JAMES LEWIS DIRECTOR 2.00 X 0 0 0 JAMES HARRISON DIRECTOR 2.00 X 0 0 0 JAMES HUCKABY DIRECTOR 4.00 X 0 0 0 DEAN FRIGO DIRECTOR 2.00 X 0 0 0 TED KENNEDY DIRECTOR 2.00 X 0 0 0 PATI MCCANDLESS DIRECTOR 2.00 X 0 0 0 DAVID SOMMER DIRECTOR 2.00 X 0 0 0 MARK WILLIAMS DIRECTOR 2.00 X 0 0 0 FRANK BEAMAN DIRECTOR 2.00 X 0 0 0 BART A BOLES EXECUTIVE DIRECTOR 40.00 X 291602 0 43412 JARRETT TERRY SENIOR ACCOUNTANT 40.00 X 145000 0 10149 436602 0 53561 2 0 1 0 LAW OFFICE OF JACQUELINE RIXEN PO BOX 9879 AUSTIN TX 78766 LEGAL SERVICES 242135 1 BILLED ASSESSMENTS 524298 98499932 98499932 CHANGE IN UNBILLED ASSESSMENTS 524298 20419134 20419134 ESTATE RECOVERIES 524298 1185387 1185387 PREMIUM COLLECTIONS 524298 198575 198575 120303028 3148902 3148902 123451930 120303028 0 3148902 436602 175100 62231 131331 37515 47421 265266 56257 39956 67880 72348 9640 32957 1138166 121010 70720 CHANGE IN CONTRACTUAL O 82647771 PAYMENTS DISCHARGING OB 14239794 NATIONAL INSOLVENCY TAS 12697986 NATIONAL ASSESSMENT 583937 159430 113093318 34751645 172768 39946 104076979 24251449 44670583 495720 7939580 1746366 789060 1078316 957306 39374724 35754618 360054 443755 100351854 194015589 913423 471503 37882598 120546411 38796021 121017914 X 61555833 72997675 61555833 72997675 100351854 194015589 10358612 1083230 0 X 0 1 X 1 0 415357 394568 20789 1331009 394492 936517 957306 ASSESSMENT CREDIT BALANCE 3951258 INSURANCE CONTRACTUAL OBLIGATIONS 115298979 DEFERRED COMPENSATION PLAN LIABILITIES 203954 LEASE LIABILITITES 1034200 COMPENSATED ABSENCES 58020 120546411 X 123396995 1083231 1083231 122313764 1138166 1138166 123451930 111955152 0 111955152 1138166 1138166 113093318 PART X, LINE 2: THE FINANCIAL STATEMENTS ARE PRESENTED USING THE ECONOMIC RESOURCES MEASUREMENT FOCUS AND THE ACCRUAL BASIS OF ACCOUNTING, EXCEPT FOR PREMIUM INCOME, WHICH IS RECOGNIZED WHEN COLLECTED BECAUSE OF THE IMMATERIAL AMOUNT OF PREMIUMS TO BE ACCRUED. CONSEQUENTLY, REVENUE IS RECOGNIZED WHEN EARNED AND EXPENSES ARE RECOGNIZED WHEN THE OBLIGATIONS ARE INCURRED. OPERATING REVENUES AND EXPENSES GENERALLY RESULT FROM PROVIDING SERVICES IN CONNECTION WITH THE TLHIGA'S PRINCIPAL ONGOING OPERATIONS. ALL REVENUES AND EXPENSES NOT MEETING THIS DEFINITION ARE REPORTED AS NONOPERATING REVENUE AND EXPENSES. ASSESSMENT REVENUE (BILLED AND UNBILLED) IS RECOGNIZED WHEN INSURANCE CONTRACTUAL OBLIGATIONS ARE INCURRED. CLAIM LIABILITIES ARE RECOGNIZED USING ESTIMATES OF CONTRACTUAL OBLIGATIONS FOR EACH INSOLVENT MEMBER COMPANY OR HMO AT THE DATE OF IMPAIRMENT OF ISSUANCE OF AN ORDER OF LIQUIDATION BASED ON A FINDING OF INSOLVENCY BY A COURT OF COMPETENT JURISDICTION. PROJECT CLAIM LIABILITIES ARE REVIEWED AND REVISED PERIODICALLY AS INFORMATION RELATED TO THE OBLIGATIONS OF THE INDIVIDUAL INSOLVENT MEMBER COMPANY OR HMO IS OBTAINED. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE THAT WAS NETTED WITH INTEREST INCOME FOR AUDIT PRESENTATION PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE THAT WAS NETTED WITH INTEREST INCOME FOR AUDIT PRESENTATION X X X X X X 0 0 0 BART A BOLES EXECUTIVE DIRECTOR 291602 0 0 0 0 0 43412 0 0 0 335014 0 0 0 JARRETT TERRY SENIOR ACCOUNTANT 130000 0 15000 0 0 0 10149 0 0 0 155149 0 0 0 PART I, LINE 4 AS PART OF HIS EXECUTIVE EMPLOYMENT AND DEFERRED COMPENSATION CONTRACT, THE TLHIGA MADE A $23,000 PAYMENT INTO THE 457(B) RETIREMENT PLAN IN 2024 FOR THE EXECUTIVE DIRECTOR, BART A BOLES, IN ACCORDANCE WITH THE TERMS OF THE CONTRACT. FORM 990, PART VI, SECTION A, LINE 6 THE TLHIGS'S MEMBERSHIP IS COMPRISED OF ALL INSURANCE COMPANIES AND HMOS LICENSED IN THE STATE OF TEXAS BY THE TEXAS DEPARTMENT OF INSURANCE TO WRITE LIFE, HEALTH AND ANNUITY POLICIES AS SET OUT IN SECTION 463.052 OF THE TEXAS INSURANCE CODE. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WITH ALL APPLICABLE SCHEDULES IS PREPARED BY THE ACCOUNTING DEPARTMENT AND REVIEWED BY THE EXECUTIVE DIRECTOR. THE FORM AND SCHEDULES ARE THEN SENT TO AN INDEPENDENT CPA FIRM FOR REVIEW. THE MATERIAL IS PROVIDED TO THE BOARD OF DIRECTORS AND COUNSEL AND REVIEWED AT THE BOARD'S REGULAR QUARTERLY MEETING. AFTER REVIEW BY THE BOARD, THE RETURN IS SIGNED AND SUBMITED PRIOR TO FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE TLHIGA SENDS OUT ITS WRITTEN CONFLICT OF INTEREST AND ANTI-TRUST POLICIES TO ALL DIRECTORS, EMPLOYEES AND APPLICABLE VENDORS. THE RECIPIENT MUST RESPOND TO QUESTIONS DESIGNED TO DETERMINE IF A CONFLICT OF INTEREST EXISTS. THE RESPONSES ARE SENT BACK TO THE TLHIGA AND REVIEWED BY THE EXECUTIVE DIRECTOR WHO REPORTS TO THE BOARD OF DIRECTORS AT ITS REGULAR QUARTERLY MEETING. FORM 990, PART VI, SECTION B, LINE 15 IN 2018, THE TLHIGA ENTERED INTO AN EXECUTIVE EMPLOYMENT AND DEFERRED COMPENSATION CONTRACT WITH THE EXECUTIVE DIRECTOR WHICH COVERS NINE YEARS. THE CONTRACT ESTABLISHED A 457(B) RETIREMENT PLAN FOR THE EXECUTIVE DIRECTOR WITH CONTRIBUTIONS SUBJECT TO CERTAIN MILESTONES BEING MET. THE EXECUTIVE DIRECTOR CAN MAKE INVESTMENT DECISIONS INVOLVING THE ASSETS OF THE PLAN BUT THE TLHIGA MAINTAINS OWNERSHIP OF THE ASSETS UNTIL DISTRIBUTEED IN ACCORDANCE WITH THE PLAN. THE CONTRACT CALLS FOR THE EXECUTIVE DIRECTOR TO UNDERGO A PERFORMANCE EVALUATION ANNUALLY. THE PERSONNEL COMMITTEE SENDS OUT A REVIEW FORM TO EACH BOARD MEMBER REGARDING THE EXECUTIVE DITECTOR'S PERFORMANCE AND GATHERS THE RESPONSES. THE PERSONNEL COMMITTEE MAY GATHER ANY OTHER INFORMATION IT DEEMS NECESSARY TO COMPLETE THE REVIEW. THE PERSONNEL COMMITTEE WILL PROVIDE THIS INFORMATION TO THE BOARD OF DIRECTORS IN ADVANCE OF ITS REGULARLY SCHEDULED MEETING AND MAY MAKE RECOMMENDATIONS TO THE BOARD. THE BOARD WILL REVIEW THE EXECUTIVE DIRECTOR'S PERFORMANCE IN CLOSED EXECUTIVE SESSION OF THE MEETING AS ALLOWED BY THE TEXAS OPEN MEETINGS ACT BUT WILL MAKE DECISIONS REGARDING COMPENSATION AND BENEFIT CHANGES DURING THE OPEN SESSION. ALL OTHER EMPLOYEES ARE REVIEWED BY EXECUTIVE DIRECTOR ANNUALLY. THE EXECUTIVE DIRECTOR USES THE WRITTEN REVIEWS AND OTHER TOOLS TO DEVELOP RECOMMENDATIONS ON COMPENSATION ADJUSTMENTS. THESE RECOMMENDATIONS ARE REVIEWED WITH BOTH THE PERSONNEL COMMITTEE AND BOARD OF DIRECTORS AND ANY ADJUSTMENTS ARE MADE. THE BOARD WILL FORMALLY ADOPT THE CHANGES WHEN IT ADOPTS THE BUDGET FOR THE YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE TLHIGA IS SUBJECT TO THE TEXAS OPEN MEETING AND TEXAS OPEN RECORDS ACT. THE PUBLIC MAY REQUEST ANY OPEN RECORD BY FOLLOWING THE APPROPRIATE STEPS OUTLINED IN THE ACTS THAT IS NOT SPECIFICALLY EXCLUDED BY LAW.