West Virginia Insurance Guaranty Association

“The organization has members.”

“The members of the organization elect the directors of the governing body.”

“The decisions of the governing body are subject to the approval of the members given by physical presence or proxy at the annual members meeting.”

“Form 990 is provided to the governing body members for review and approval. Prior to filing, questions and comments of the members are responded to and incorporated into the tax filing as necessary.”

“The organization promptly evaluates any identified exceptions of its conflict of interest policy. The policy is distributed annually to officers and directors as an aid to enforcement.”

“The ohio insurance guaranty association (oiga), the ohio life & health insurance guaranty association (olhiga), and the west virginia insurance guaranty association (wviga) are jointly managed under a contractual arrangement using one location with a single staff. All expenses, including salaries, are allocated between the organizations based on the time spent on each organization's activities. All staff members are, for w-2 purposes, employees of the oiga, but each organization pays its pro- rata share of all expenses, including salaries. Salaries of officers and key employees are set by the full board of the oiga, based on a recommendation by a planning committee of three oiga board members, after they meet with the president and review salary recommendations and after they periodically review comparable salaries in their own insurance companies and in the insurance industry generally, and, when available, surveys of similar salaries in other guaranty associations. Final salary determinations by the board are recorded for accounting and auditing purposes.”

“The ohio insurance guaranty association (oiga), the ohio life & health insurance guaranty association (olhiga), and the west virginia insurance guaranty association (wviga) are jointly managed under a contractual arrangement using one location with a single staff. All expenses, including salaries, are allocated between the organizations based on the time spent on each organization's activities. All staff members are, for w-2 purposes, employees of the oiga, but each organization pays its pro- rata share of all expenses, including salaries. Salaries of officers and key employees are set by the full board of the oiga, based on a recommendation by a planning committee of three oiga board members, after they meet with the president and review salary recommendations and after they periodically review comparable salaries in their own insurance companies and in the insurance industry generally, and, when available, surveys of similar salaries in other guaranty associations. Final salary determinations by the board are recorded for accounting and auditing purposes.”

“Information provided upon request”

“Farmers home fire ins. Co. John arbuckle, jr. Chairman nationwide insurance co. Charles breitstadt vice chairman ohio farmers insurance co. Jeffrey s. Gillentine secretary/treasurer erie insurance-richmond branch damien josefiak director farmers' mutual insurance co. Gary auvil director state farm insurance co. John canfield, esq. Director travelers insurance co. Kirk h. Larsen director steve durish president june edge vp claims mark might vp internal opertn”

“The mission of the west virginia insurance guaranty association is to provide some level of protection for certain policy holders and claimants against the insolvency of the insurance company licensed to sell those types of policies in west virginia when the company is placed into liquidation.”

“Companies for their portion of such covered losses. A separate fund is maintained for each insolvency and receipts and disbursements allocable to a specific insolvency are accounted for in that fund.”