Rhode Island Automobile Insurance Plan

“Travelers Co's Inc. 1 Tower Sq #PHXG Hartford CT XXX-XX-XXXX”

“Amica Mutual Ins Co 10 Amica Center, Amica Center Blvd Lincoln RI 02865”

“MetLife Auto & Home 700 Quaker Lane Warwick RI XXX-XX-XXXX”

“Allstate Ins Co 2775 Sanders Rd Ste D2N Northbrook IL XXX-XX-XXXX”

“State Farm Co's 1 State Farm Plz,D-1 Bloomington IL XXX-XX-XXXX”

“Nationwide Mut Ins Co 1 Nationwide Plz,#01-18-101 Columbus OH XXX-XX-XXXX”

“Brenda Loiselle-Marcotte C/O Loiselle Ins Agency,279 Dexter St Pawtucket RI XXX-XX-XXXX”

“Kim Raymond C/O Oceanpoint Ins Agency, 730 Centre of New England Blvd Coventry RI XXX-XX-XXXX”

“Ernest Shaghalian C/O Alpine Ins agency,2158 Plainfield Pike Cranston RI XXX-XX-XXXX”

“Shaw K Chen, PhD C/O College of Business Administration URI,301 Ballentine Hall Kingston RI 02881”

“Marc Nadeau C/O Blais Ins,PO Box158,One Walker St Lincoln RI 02865”

“21st Century Centennial Ins Co 3 Beaver Valley Rd Wilmington DE XXX-XX-XXXX”

“Katharine Roberts C/O EF Bishop Agency Inc, 217 Angell St Providence RI XXX-XX-XXXX”

“GEICO PO Box 9015 Woodbury NY XXX-XX-XXXX”

“Members of the Plan shall consist of all insurers writing automobile insurance in the State of Rhode Island.”

“Members elect the Governing Body.”

“Form 990 is reviewed and signed by either AIPSO's Manager or Director of Financial and Investment Services.”

“Governing Body members are required annually to sign a Conflict of Interest Statement disclosing any conflicts.”

“RI AIP employees are managed and paid employees of AIPSO, Federal ID#13-2732270.”

“The compensation of all employees is reviewed and approved by Human Resource Services and the President of AIPSO, provided that persons with conflicts of interest with respect to that 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 regional and national salary surveys conducted by third party sources to obtain survey data. There is contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the compensation arrangement.”

“Governing documents are available on the Plan's website. Conflict of Interest Statements and Financial Statements are available upon request.”

“Other changes consist of Contingency fund $1,000,000, Change in nonadmitted assets ($181,418), Assessments to member insurance companies $10,058,984, pension-related changes other than net periodic cost ($411,777), and a Change from GAAP to Statutory Accounting ($2,306,807).”

“The purpose of the Rhode Island Automobile Insurance Plan (the Plan) is to make available automobile insurance to qualified drivers who are unable to purchase such coverage in the voluntary market. The Plan is the residual market mechanism for the state, which includes both private passenger (PP) and other than private passenger (OTPP) policies. The Plan was granted a Certificate of Authority in October 2018 and started writing private passenger automobile insurance January 1, 2019. Prior to this, the Plan used a Service Center approach to facilitate the residual market policies and assigned them to various insurance companies that write voluntary insurance within the state. The Plan also receives OTPP applications and distributes them to a servicing carrier who writes the business on their voluntary book of business. The residual market is funded by the creation of a pooling mechanism and, through assessments, is funded by all member insurers in the state.”