Joint Insurance Association

“The orgranization has members consisting of all licensed insurance companies authorized to write property insurance in maryland.”

“The organization's members elect it's governing committee annually.”

“Any changes to the plan of operations must be arrpoved by the members.”

“A copy of form 990 is not provided to the orgainzation's governing body before it is filed. It is only provided to teh chairman of the governing committee for signing.”

“The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy by requiring members to review and sign the policy annually. If any changes occur during the year, the member is required to submit the change to the general manager or board chairman. The board addresses any changes as required.”

“The executive committee reviews salary based on comparable industry data.”

“The governing documents, conflict of interest policy and financial statements are available upon request.”

“Actuarial fees 6,996. Data processing consultant fees 206,035. Commissions 83,608.”

“Change in non-admitted assets -7,426. Pension and postretirement plans funded status adjustment -653,409. Cumulative effect of change in accounting principles -211,536.”

“The maryland insurance administration recognizes only statutory accounting practices prescribed or permitted by the state of maryland for determining and reporting the financial condition and results of operations of the company for determining its solvency under the maryland insurance law.”

“Audit oversight committee the oversight process and committee selection process of the committee that assumes responsibility for the oversight of the audit and selection of the independent auditor has not changed during the tax year.”