National Insurance Producer Registry DBA Nipr

“Five members of the NIPR Board of Directors are also members of the NAIC Executive Committee which serves as the governing body of the NAIC which manages the business and affairs of the NAIC which in turn gives them a business relationship with other officers, directors, trustees and/or key employees. The five members are the Honorable Scott Kipper, the Honorable Monica Lindeen, the Honorable Julie McPeak, the Honorable Sandy Praeger and the Honorable Roger Sevigny.”

“The Bylaws were updated on March 28, 2014 to move elections to the first quarter of each year to coincide with Board rotation at the end of the calender year and the NAIC nomination process in January of each year so that all new Board members had the opportunity to participate in the elections.”

“The National Association of Insurance Commissioners (NAIC) is the sole member of the NIPR. The NAIC appoints the regulatory members of the governing body of the NIPR. The NAIC does not have any voting rights. The members appointed by the NAIC do have voting rights.”

“The National Association of Insurance Commissioners (NAIC) is the sole member of the NIPR. The NAIC appoints the regulatory members of the governing body of the NIPR. The NAIC does not have any voting rights. The members appointed by the NAIC do have voting rights.”

“The audit committee meets regularly before each Board of Directors meeting and the investment committee meets on an as needed basis. Both of their minutes are taken orally and then added to the official minutes for each Board of Directors meetings. They are not however authorized to act on behalf of the governing body (Board of Directors).”

“National Insurance Producer Registry ("NIPR")is exempt from Federal income tax as an organization described in Section 501(c)(6) of the Internal Revenue Code. As an exempt organization, NIPR must annually file the IRS Form 990. The purpose of this Form 990 Review Policy ("Policy") is to ensure that a substantive and independent review of the Form 990 is undertaken by NIPR's Audit Committee. The Form 990 is a comprehensive self-audit of NIPR's activities including, without limitation, its compensation arrangements, transactions with interested persons, transactions with related organizations and it requires disclosure of its governance framework, policies and procedures. The form is a public document so anyone who wishes to review the form must be permitted to do so and if anyone requests a copy, they must be provided with one. II. General Policy: It is the general policy of NIPR to have its Audit Committee conduct a substantive review of the Form 990 during its preparation by an outside accountant with the assistance of NIPR's counsel, officers and staff. The final version of the Form 990 shall be provided to all of the members of NIPR's Board of Directors before it is filed with the IRS. III. Procedures in accordance with its review function: The Audit Committee shall take the following actions: *Approve the Form 990 preparer. *Carefully monitor the description of NIPR's purposes and activities reported on the Form 990 to ensure that the description provided accurately describes NIPR's purposes and activities and that the stated purposes and activities further the exempt purposes of NIPR within the meaning of Section 501(c)(6) of the Code. *Ensure that the mission statement stated in the Form 990 has been approved by the Board of Directors in a formal Board resolution. *Conduct a detailed review and analysis of the material tax and financial issues as well as disclosure issues raised by the Form 990. *Consult directly with the Form 990 preparer and legal counsel, when appropriate, relative to any tax, financial or disclosure issues presented on the form. *After consideration and analysis of all of the material issues, and after discussions with the Form 990 preparer and legal counsel, forward the final version to the Board of Directors for its review and approval prior to filing. *Approve and distribute the annual questionnaire to officers, directors and key employees to acquire information on their respective family and business relationships, transactions with NIPR, potential conflicts of interest, and other information needed to answer various Form 990 questions and comply with NIPR's Conflict of Interest Policy.”

“The organization has its Board of Directors and employees sign and submit annual questionnaires disclosing their potential conflict of interest. The Board of Directors forms are kept on file with the Executive Director. The employee forms are retained in the employee's personnel file in Human Resources. Newly signed forms are required annually.”

“15A: The NIPR has a formal executive compensation policy for the Executive Director including an annual performance review, comparability data, and review and approval by the Board of Directors. 15B: There are no officers other than the Executive Director compensated by the organizstion. Key employees have an annual performance review performed by their immediate supervisor.”

“NIPR includes their annual audited financial statements in the annual report, which is posted to their website at www.NIPR.com. Governing documents and the conflict of interest policy are available upon request.”

“The process has not changed from the prior year.”