Acord Corporation

“The following may become regular members of the corporation, as defined in the certificate of incorporation, and shall be referred to in these bylaws as corporate members of the corporation: - any organization engaged in the business of underwriting, and/or selling, distributing or otherwise providing property, casualty, life or health insurance, surety and annuities, or reinsurance; - any non-insurance for-profit organization not also qualifying to be an organization described in sections 2a i or 2a ii of by-laws hereof, and -any not-for-profit trade association representing organizations described in section 1a or 1 b of the by-laws, including such organizations that may also represent individuals. The following may become associate members of the corporation, as defined in the certificate of incorporation, and shall be referred to in these bylaws as associate members of the corporation: - any organization whose primary business is providing hardware, software, technology or related services; - any user group formed by an organization described in section 2a i of by-laws hereof or its customers having a common interest in specific products and services purchased from that organization; and -the government of the united states or any sovereign nation, any of their respective states or political subdivisions, any regional authority of any of the foregoing, and any agency or other organization created by any of the foregoing. The following shall be associate members of the corporation, as defined in the certificate of incorporation, and shall be referred to in these bylaws as subscriber members of the corporation: - any organization which, for direct or indirect payment to the corporation, subscribes for specific goods or services under a subscriber program approved by the board of directors or a designated committee of the board. Every member of the corporation shall designate a representative and an alternate to represent it in regard to corporation matters and shall give notice in writing of such designation to the secretary of the corporation.”

“Board of directors' approval of individuals nominated for board membership by the board's executive committee is subject to election by a plurality vote of acord members eligible to vote on such matters who are present and voting in person or by proxy at the meeting at which the nominees are voted upon.”

“Board of directors' approval of amendments to acord's bylaws is subject to a majority vote of acord members eligible to vote on such matters who are present in person or represented by proxy at any meeting of acord.”

“The organization has its form 990 prepared by an outside accounting firm and has established the following review process to ensure that the information reported is complete and accurate. After the form 990 has been prepared the organization provides a copy to the audit committee for review and any comments. Once all comments have been addressed the return is submitted to the internal revenue service for filing. The 990 is not reviewed by the entire board before filing with the irs but is available to be posted on the board's website if needed.”

“Annually, the organization's directors (regarding non-transaction-specific matters), officers and key employees are required to respond to the conflict of interest disclosure policy and documents are reviewed initially by house counsel for possible referral to the president of the organization for further consideration and appropriate action if warranted. Certain responses, including those from non-key-employee staff members, may be addressed in the first instance directly to the president of the organization or brought to the attention of the head of the human resources department for consideration and possible referral to the president of the organization for further consideration and appropriate action if warranted. A director or officer disclosing a potential conflict regarding a particular transaction makes the disclosure to the president or chairman of the board of directors (chair) through the corporate secretary for determination as to whether there is in fact a conflict or appearance of a conflict. In the case of a director, if it is determined that a conflict or apparent conflict exists regarding a particular transaction, the conflict or apparent conflict is reported to the executive committee or the full board. If the particular transaction requires a vote of the board or one of its committees, the affected director does not vote on the matter. In the case of an officer, if it is determined that there is in fact a conflict regarding a particular transaction, the president or chair exercises best judgment on the appropriate course to follow. This may include approving the transaction if the president or chair is reasonably certain that the best interests of the organization will be served by such an approach; referring the issue to legal counsel for advice; or referring the issue to the full board or appropriate board committee for decision. In the case of a potential conflict regarding a particular transaction involving either the president or the chair, the affected party notifies the other through the corporate secretary with the conflict then being reported to the full board. If the particular transaction requires a vote of the board or one of its committees, the president or chair does not vote on the matter.”

“The ceo, senior management team, and other officers and employees' compensation is reviewed annually by a compensation committee using compensation studies and comparing compensation to other similar-sized organizations. Once finalized, the committee will send its approval. This process was last undertaken in 2023. Compensation was documented in a meeting that was not included in the board minutes.”

“The governing documents of the corporation are available on the company's public website. Acord does not make the conflict of interest policy, the financial statements, or form 990 available to the public.”

“Change in accrued pension liability to be recognized in future periods 485,241. Loss on investment in subsidiary -14,925,361. Loss on disposal of assets -30,790.”

“The organization has a committee that assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant. This process has not changed from the prior year.”