Aipso

“Allstate ins co 2775 sanders rd,ste d2e northbrook il 60062 nh ins co 80 pine st,13th fl new york ny 10005 amica mutual ins 100 amica way lincoln ri 02865 farmers ins exchange 3 beaver valley rd wilmington de 19803 geico 750 woodbury road woodbury ny 11797 federal ins co 15 mountainview rd warren nj 07059 state farm mutual auto one state farm plaza d-1 bloomington il 61710 travelers companies 401 rt 73 n ste 110 marlton nj 08053 usaa 9800 fredericksburg rd h-svc-w san antonio tx 78288 hanover in”

“Members consist of companies writing the majority of”

“automobile insurance in the United States.”

“Members elect the governing body which is composed of 13”

“major insurance companies, 12 voting and 1 non-voting.”

“Form 990 is reviewed and signed by AIPSO's Director of”

“Financial & Investment Services.”

“Directors and Officers are required annually to sign a”

“Conflict of Interest Statement disclosing any conflicts.”

“The Governing Body (The Board) annually reviews the performance”

“of the President and acts on a recommendation of the Board”

“Chair regarding annual salary adjustments. The President's”

“compensation is subject to the same process as all other”

“employees, including a designated salary grade level”

“established by the Board. The Board may also retain outside”

“independent compensation advisors, as deemed advisable by”

“the Board, and review benchmark information to ensure that”

“compensation of the President is reasonable. The Board Chair”

“also coordinates with the President to develop the performance”

“goals and criteria for recommendation to the Board.”

“Compensation of the Officers is reviewed and approved by”

“Human Resources and the President of AIPSO, provided that”

“persons with conflicts of interest with respect to the”

“compensation arrangement at issue are not involved in this”

“review and approval. The compensation of the person is”

“reviewed and approved using data as to comparable compensation”

“for similarly qualified persons in functionally comparable”

“Aip data fees caip audit income late payment penalty magnetic tape rpts forms & manuals voluntary data fees central processor fees electronic binding management fee producer seminar miscellaneous”

“Insurance taxes, licenses & fees corporate communication temporary personnel microfilming bond costs rate & survey data fee real estate & prop.tax payroll processing professional dues educational seminars bank & credit card fee commission on bonds post-retirement benefits miscellaneous”

“Accounts receivable - net inventories prepaids”

“Accounts payable & accrued expenses advanced assessments current portion of bonds payable bonds payable - long term cash overdraft post-employment benefits post-retirement benefits accrued pension accrued vacation management fee accured interest deferred rent obligation”

“Plan management services provide all necessary services policy forms services develops automobile insurance applications and provides customer support for any producer certification services provides support for commercial automobile safety program services provides insurance coverage provided through auto insurance”

“Temporary personnel 65993. Corporate communications 20574. Licenses & fees 48961. Books, news & periodicals 38005. Expense report fees 16084. Payroll processing 37436. Bad debt 74311. Purh/repair cafe equip 11785. Miscellaneous 14846.”

“positions at similarly situated organizations. AIPSO”

“participates in a variety of well known salary surveys to”

“obtain data as well as utilizing third party sources such”

“as The Survey Group and salary.com. There is contemporaneous”

“documentation and recordkeeping with respect to deliberations”

“and decisions regarding the compensation arrangement.”

“Governing documents, conflict of interest policy and”

“financial statements are available upon request.”

“Other changes in fund balance consist of retirement-related”

“changes other than net periodic cost $17,682,991 and”

“reapportionment of prior year's surplus ($84,605).”