Aipso

“Allstate ins co 2775 sanders rd,ste d2e northbrook il 60062 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 5 greentree ctr 525 rt 73n ste 405 marlton nj 08053 usaa 9800 fredericksburg rd h-svc-w san antonio tx 78288 hanover ins co 440 lincoln st - s443 worce”

“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 either AIPSO's Director of Financial & Investment Services or Accounting Manager.”

“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 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 ($22,639,996) and Reapportionment of prior year's deficiency ($728,374).”

“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 39969. Corporate communications 30065. Licenses & fees 54348. Books, news & periodicals 43704. Expense report fees 16229. Payroll processing 34990. Scanning/doc co 8946. Purh/repair cafe equip 5984. Miscellaneous 683.”