Institutional Longevity Markets Association Inc

“Form 990, part vi, section a, line 6: membership in the association shall be available to any entity that is subject to extensive regulation by banking or securities dealer regulatory agencies and bodies. Specifically, membership is limited to: - broker-dealers registered with the sec that own or invest on a discretionary basis at least $100 million in securities. - non-u.s. Broker-dealers subject to substantially similar governmental supervision in their home jurisdictions that own or invest on a discretionary basis at least $100 million in securities. - u.s. Banking institutions supervised by the office of the comptroller of the currency or the office of thrift supervision with total assets in excess of $1 billion. - non-u.s. Banking institutions subject to substantially similar government supervision in their own jurisdictions with total assets in excess of $1 billion.”

“FORM 990 PART VI, SECTION A, LINE 7A: The members of the nominating committee of the association shall elect members of each board of directors at least 30 days prior to each annual or special meeting of the members of the association. Members of the association may nominate candidates for election as directors in addition to those nominated by the nominating committee by submission of a nominating petition to the secretary of the association at least one week prior to such annual or special meeting, provided that the nominating petition relating to any such proposed nominee shall be effective only if it bears the signatures of persons representing at least three members of the association.”

“FORM 990, PART VI, SECTION A, LINE 7b: each member shall be entitled to one vote on all matters submitted to a vote of the membership. Subject to any provision of law or the by-laws, the affirmative vote of a majority of votes entitled to be cast by the members present in person or by proxy at a meeting at which a quorum is present shall be necessary for the adoption of any matter VOTED upon by the members.”

“FORM 990, Part VI, section B, line 11B: The Form 990 was distributed to each board member for their review, comments and approval prior to filing with the Internal Revenue Service.”

“Form 990, part VI, section C, line 19: The association shall keep correct and complete books and records of account and shall also keep minutes of the proceedings of its members, board of directors, and committees having any of the authority of the board of directors, and shall keep at the registered or principal office a record of giving the names and addresses of the members entitled to vote.”

“Form 990, part i, line 1, description of organization mission: the organization's mission is to expand and apply capital market solutions in life insurance, educate consumers that their insurance may be a valuable asset, expand consumer choices about how to manage it, and support the responsible growth and regulation of the industry.”

“Form 990, part iii, line 4d, other program services: public relations and membership outreach. The balance of ilma's time is spent (i) participating in marketplace conferences and presentations, (ii) meeting with industry leaders on matters affecting the marketplace and (iii) on membership outreach. The purpose of these activities is to increase consumer awareness of the benefits of the longevity and mortality marketplace to build alliances with other market participants. All members are invited to participate in these activities, which comprise approximately five percent (5%) of ilma's time.”