New York Automobile Insurance Plan

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

“Members and the NY Superintendent of Insurance elect the Governing Body.”

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

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

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

“The compensation of all employees 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 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 reapportionment of prior year's surplus ($142,252) and pension related changes other than net periodic cost ($1,317,184).”

“Forms & manuals miscellaneous”

“Producer seminar dmv surcharge insurance temporary personnel central processor electronic binding bank & credit card chgs bad debt payroll processing miscellaneous”

“Accounts receivable - net prepaids”

“Accounts payable & accrued expenses”

“Corporate communications 1140. Professional dues 5425. Licenses & fees 309.”