2025-12-03T07:00:33-08:00 2025-09-30 050234540 Ward Fisher & Company LLP 250C Centerville Road Warwick RI 02886 990 2024-10-01 050420932 Rhode Island Life & Health Insurance Guaranty Assoc co Pierce Atwood LLP RHOD 4014903422 One Citizens Plaza 10th Floor Providence RI 02903 Brooks R Magratten Executive Direc 2025-11-29 true true Armen Garabedian P00849732 4013846464 2024 2025-03-06 01:10:19Z One Citizens Plaza 10th Floor Providence RI 02903 195378933 false X www.rilifega.org X 1986 RI Maintain public confidence in the promises of insurers by paying claims of insolvent insurance companies licensed to write life, annuity and health insurance in Rhode Island 9 9 2 0 0 840 72959295 92553 728723 0 93393 73688018 0 0 114769 95332 0 0 177344 67472715 292113 67568047 -198720 6119971 2589266 8709237 0 2589266 8709237 Maintain public confidence in the promises of insurers by paying claims of insolvent insurance companies licensed to write life, annuity and health insurance in Rhode Island false false Claims paid to beneficiaries of insolvent insurance companies and reimbursements received of previously paid claims totaling a net of $66,964,940. false false false true false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false true 1 0 true 2 true false false false false false false false false X 9 9 false false false false true true true true true true false true true true true true true true true false X Brooks R Magratten 4014903422 One Citizens Plaza 10th Floor Providence RI 02903 Margarett Sperry Esq Executive Direc 20.00 0.00 X 79583 0 0 Brooks R Magratten Executive Direc 20.00 0.00 X 20000 0 0 99583 0 false false false 0 0 Member Assessments 524298 72959295 72959295 72959295 337091 337091 0 0 0 122082547 121690915 391632 391632 391632 0 0 0 0 73688018 73350927 337091 0 0 0 0 79583 0 8500 0 0 7249 20000 29000 36238 0 0 6706 0 0 7899 24211 0 20029 12673 0 0 0 0 0 711 Claims Paid (Reimb),Net 66964940 NOLHGA Dues & Assessments 346758 Miscellaneous 3550 0 67568047 0 0 0 117334 198661 186455 6620962 0 0 0 0 0 0 0 0 2285477 1889614 0 0 0 0 2589266 8709237 0 0 X 2589266 8709237 2589266 8709237 2589266 8709237 6119971 X false true X true false false false true false X 73688018 73688018 73688018 67568047 67568047 67568047 Part X : FIN48 Footnote Accounting principles generally accepted in the United States of America require management to evaluate tax positions taken by the Association and recognize a tax liability if the organization has taken an uncertain position that more likely than not would not be sustained by the IRS. Management has analyzed the tax positions taken by the Association and has concluded that as of September 30, 2025, all tax positions taken or expected to be taken would more likely than not be sustained upon examination. The Association is subject to routine tax audits by taxing juridictions; however, there are currently no audits for any tax periods in progress. Form 990, Part VI, Section A, Line 6 Each company licensed to do Life, Health, or Annuity business in Rhode Island is required to be a member. Form 990, Part VI, Section A, Line 7a It is the member companies who elect the board of directors. The board of directors of the association are the member companies and the individuals named are the representatives chosen by the board member as its representative. Form 990, Part VI, Section A, Line 7b The Rhode Island commissioner of insurance approves the nominees for membership on the board of directors. Any action of the board of directors may also be appealed to the commissioner of insurance. Form 990, Part VI, Section A, Line 9 Amica Life Insurance CompanyAlex Bogdanov DirectorPO Box 6008Providence, RI 02865-6008Guardian Life Insurance Company of AmericaEric C. DuPont Director101 Archer Street, 21st FloorBoston, MA 02110Fidelity Investments Life Insurance CompanyLiane Latham Director245 Summer StreetBoston, MA 02210The Savings Bank Mutual Life Insurance Company of MassachusettsMatthew C. Regan III Chairman & DirectorOne Linscott RoadWoburn, MA 01801Rhode Island Division of InsuranceMatthew Gendron Director1511 Pontiac Ave., Bldg. 69-2Cranston, RI 02920UnitedHealthcare Insurance CompanyScott E. Sebastian Director185 Asylum StreetMail Stop: CT039-020AHartford, CT 06103The Prudential Insurance Company of AmericaHugh Barrett Vice Chairman & Director444-A North Main Street, PMB 290East Longmeadow, MA 01028 New York Life Insurance CompanyKatelynn Eckert Director51 Madison Avenue, New York, NY 10010Northwestern Mutual Life Insurance CompanyMichael A. Reis, Secretary-Treasurer & Director720 E. Wisconsin AvenueMilwaukee, WI 53202-4797Metropolitan Life Insurance CompanyKerri E. Cutry Director200 Park Avenue, 5th FloorNew York, NY 10166 Form 990, Part VI, Section B, Line 11b Copy of Form 990 submitted to each board member for comment prior to filing. Form 990, Part VI, Section B, Line 12c Each year all directors and consultants of the association are required to complete a conflict of interest questionnaire. The conflict of interest policy is enforced by the officers or the board of directors of the association in accordance with the policy. Form 990, Part VI, Section B, Line 15a Comparable compensation of the staff of other Guaranty Associations (especially New England)is considered together with experience, knowledge and the number of hours worked over the past fiscal year Form 990, Part VI, Section B, Line 15b Comparable compensation of the staff of other Guaranty Associations (especially New England)is considered together with experience, knowledge and the number of hours worked over the past fiscal year Form 990, Part VI, Section C, Line 19 Governing documents, conflict of interest policy and financial statements are available upon request.