Associated Health Assurance Ltd

Minneapolis, MN   |  http://WWW.NORTHMEMORIAL.COM

Mission

NONE

Ruling year info

2001

Principal Officer

KENT KLEPPE

Main address

3300 Oakdale Ave N

Minneapolis, MN 55422 United States

EIN

98-0343815

NTEE code info

Insurance Providers/Services (other than Health) (Y20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Programs and results

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Our programs

SOURCE: IRS Form 990

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Program 1

PROVIDED HOSPITAL PROFESSIONAL LIABILITY (NON-PHYSICIAN) INSURANCE POLICY, ON A FIRST DOLLAR BASIS, EXCLUSIVELY TO NORTH MEMORIAL HEALTH CARE. SPECIFIC COVERAGE PROVIDED: $2MM EACH CLAIM, $4MM IN THE AGGREGATE ON A CLAIMS-MADE BASIS, WITH A RETROACTIVE DATE OF 3-1-1976. 4 NEW PROFESSIONAL LIABILITY CLAIMS WERE MADE DURING THE YEAR. $31,852 WAS PAID ON NEW CLAIMS DURING THE YEAR, WHILE $522,905 WAS PAID ON CLAIMS FROM PRIOR POLICY YEARS.

Expenses
$517,998
Revenue
$684,000

PROVIDED WORKERS COMPENSATION AND EMPLOYERS LIABILITY DEDUCTIBLE INSURANCE POLICY THAT COVERED NORTH MEMORIAL HEALTH CARE'S $750,000 PER CLAIM DEDUCTIBLE WITH RESPECT TO ITS WORKER'S COMPENSATION INSURANCE POLICY THAT IS CARRIED BY A DIFFERENT THIRD-PARTY INSURANCE COMPANY ($15.0MM IN ANNUAL AGGREGATE). NORTH MEMORIAL HEALTH CARE MAKES MONTHLY WORKERS' COMPENSATION PAYMENTS TO ITS INSURANCE PROVIDER THEN SUBMITS A CLAIM FOR REIMBURSEMENT FROM ASSOCIATED HEALTH ASSURANCE FOR ITS INSURED DEDUCTIBLE. 965 NEW WORKERS' COMPENSATION INDEMNITY CLAIMS AND/OR MEDICAL CLAIMS WERE MADE DURING THE YEAR. $1,408,944 WAS PAID ON NEW CLAIMS DURING THE YEAR, WHILE $1,778,661 WAS PAID ON CLAIMS FROM PRIOR POLICY YEARS.

Expenses
$3,623,475
Revenue
$3,381,083

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Financials

Associated Health Assurance Ltd
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This organization has no recorded board members.