Moe Urness Lund Mutual Insurance Company

“Any person with a current policy is a voting member of the organizaton.”

“The policyholder/owners elect 5 to 9 members to serve as directors for a 3 year term at the annual policyholder meeting.”

“Form 990 is reviewed, signed, and filed by the manager of the organization or a designated officer. The board of directors does not review it prior to filing.”

“The organization's conflict of interest policy is monitored and enforced through the policy application underwriting and issuance process, claim settlement process, and annual discussion and review by management and the board of directors.”

“The organization makes its governing documents and financial statements available to the public upon request for the same period of disclosure as set forth in section 6104(d).”

“Director compensation is determined by the number of meetings attended by the board member. The board determines management and staff compensation based upon experience and qualifications.”

“The board of directors determines management and staff compensation based upon experience and qualifications.”

“Change in non-admitted assets -3,394.”

“Line 1 as a regulated entity, the organization is required to report using statutory accounting rules as codified in minnesota statute 67a and as promulgated by the department of commerce of the state of minnesota. The most significant item of this statutory basis of accounting is the exclusion of "non-admitted assets" (as described in part xi) from the reported assets.”

“Line 9 : other changes in net assets or fund balances the following assets (net of accumulated depreciation) are excluded from part x as required by statutory accounting rules and minnesota statute 67a due to non-admitted classification: furniture, fixtures, and automobiles 3,445 patronage equities 3,503 total non-admitted assets at the end of the year 6,948 total non-admitted assets at the beginning of the year 3,554 change in non-admitted assets -3,394”