Texas Automobile Insurance Plan Association

“Members of the association are required to be an authorized insurer with the authority to write automobile liability insurance in texas.”

“The governing committee is made up of eight representatives of insurers, five public members, and two licensed general lines or personal lines property and casualty agents. Representatives of insurers are elected by the members of the association. Public members are nominated by the office of public insurance counsel and selected by the commissioner. One licensed general lines or personal lines property and casualty agents is selected by the independent insurance agents of texas and the other is selected by the commissioner of insurance. The office of public insurance counsel may nominate and the commissioner of insurance may appoint up to three additional persons to act as alternates for public members.”

“Decisions of the governing body that modify the organization's plan of operation rules are subject to approval by the texas department of insurance.”

“A copy of the form 990 is provided to the governing body to review before the return is filed.”

“To ensure taipa operates in a manner consistent with its statutory and not for profit purposes and does not engage in activities that could violate state or federal laws, periodic reviews shall be conducted that shall, at a minimum, include the following subjects: whether partnerships, joint ventures, and arrangements with management organizations conform to taipa's written policies, are properly recorded, reflect reasonable investment or payments for goods and services, further taipa's purposes and do not result in real or perceived inurement, impermissible private benefit or in an excess benefit transaction.”

“Employee salaries for 2016 were determined by the association manager in accordance with the salary survey that was performed in 2013. The association manager reviews employee performance and decides if employees receive raises (if still within the employee's salary range). The governing committee reviews the association manager's performance and sets the association manager's salary.”

“Governing documents and financial statements are available upon request.”

“Consulting and actuarial fees 53,761.”

“Pension minimum liability adjustment 78,938.”

“The committee that assumes responsibility for the oversight of the audit did not change the oversight process from prior year.”

“Chapter 2151 (which function as taipa's articles of incorporation) was amended, but the amendement did not have a significant effect on taipa. Taipa's plan of operation was amended to comply with senate bill 1554 passed by the 2015 texas legislature. The bill amended the texas insurance code to include county mutuals as authorized insurers and therefore members of taipa. The bill also removed the provision for exemption that was previously available to county mutuals meeting certain criteria. Taipa's plan of operation was also amended to comply with senate bill 956 passed by the 2015 texas legislature. The bill amended the texas insurance code to require that insurers deliver personal auto and residence policies within 30 days of the effective date of the policy.”