Professional Insurance Agents of Minnesota Inc

“The organization's governing body is provided a copy of the form 990 prior to it being filed. The board of directors reviews the form 990 with discussion of the financial and explanatory sections of the form. The board will provide the organization's executive vp with any questions, additions or recommended changes. The executive vp will contact the preparer of the form 990 to discuss these issues. If changes are made, a revised copy is provided to the board of directors for final review and approval prior to filing of the form.”

“The organization regularly and consistently monitors and enforces compliance with its conflict of interest policy by having its board of directors and key employees complete annual disclosures that indicate any possible changes that could give rise to conflicts. New board members must complete these disclosures upon taking their position on the board and then annually thereafter. In addition, the executive vp reviews any new relationships to determine if any potential conflicts of interest may exist and these relationships are also reviewed by the board of directors at its periodic meetings.”

“The organization's governing body is responsible for the review and approval of the compensation of the executive vp and key employees. The board analyzes past compensation history, comparable industry standards, performance of duties and achievement of goals when determining this compensation. The discussion and final decision is substantiated in the minutes of the board of directors meeting at the time this reveiw is completed.”

“The organization makes its governing documents, conflicts of interest policy, financial statements and form 990 available to the general public upon request. The organization will provide copies of these documents free of charge to any individual requesting this information. The request can be made by telephone, fax or by e-mail through the organization's website.”