Association for Advanced Life Underwriting

“There is one category of membership. All members receive the same rights in exchange for membership.”

“In exchange for their membership dues, each member is provided with certain rights; including but not limited to the rights to attend meetings, vote on certain organizational decisions and changes to governing documents, and receive certain publications produced by aalu.”

“The membership votes to elect board members and to approve the amendment to governing documents when amended.”

“Aalu's form 990 is prepared by an outside accountant and reviewed by the organization's ceo and cfo.”

“If a potential, apparent, or actual conflict of interest arises between a board member and aalu, it is the obligation of that board member to promptly disclose the conflict to the board and, if required, to remove himself/herself from board discussions and decisions concerning the matter and to take such other actions as may be called for by the board. It is the board's obligation to consider each matter brought to its attention under this policy and to advise the board member involved as to the appropriate action. In fulfilling its obligations under this policy, the board may establish general rules to address conflict issues. No employee may, without proper disclosure, benefit directly or indirectly from a third party who furnishes products, materials or services to the association as this raises potential for conflict of interest. If the employee has any influence on transactions between aalu and another organization, the employee must immediately notify a supervisor of a potential conflict of interest. Failure to do so may result in corrective action up to and including termination of employment.”

“The executive committee reviews the ceo's salary annually. As deemed necessary by the board, compensation studies may be performed to determine appropriate compensation. The deliberation and decision of the review are documented in the committee minutes. The last review took place in september 2016.”

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“The following programs are new in fy16 and were not listed on the prior year 990: aalu ambassadors, federal advocacy services, polaris and government affairs capacity investment.”