Catastrophe Resiliency Council Inc

“Effective september 3, 2021, the american institute for chartered property casualty undewriters ("the institutes") and the catastrophe resiliency council entered into an affiliation agreement and a shared resources agreement ("sra"). The institutes provides management and administrative services to the catastrophe resiliency council in accordance with written bylaws, operating guidelines and procedures, budget, and provides certain services as prescribed by the sra.”

“Catastrophe resiliency council inc has three classes of memberships, principal members, institutional members, and associate members, only the institutional member has voting rights.”

“The catastrophe resiliency council's institutional member, the american institute for cpcu, appoints the directors of the catastrophe resiliency council and approves any extraordinary activities (mergers, dissolutions, etc.). Professional members have no voting rights.”

“The form 990 is prepared by an independent accounting firm and reviewed by the board of directors for approval before filing.”

“The conflict of interest policy is distributed to all officers, directors, and key employees ("covered officials) on an annual basis. Each covered official must complete an annual conflict of interest statement of disclosure. If a conflict is identified, it is evaluated and may be approved if it is determined to be just, fair, and reasonable to the organization. If it is determined that the conflict is not just, fair, and reasonable to the organization, appropriate action is taken to eliminate the conflict, which can include asking the individual to end a conflicting business arrangement, return remuneration to the organization, or otherwise discontinue the arrangement causing the conflict.”

“This organization is an affiliate of the american institute for chartered property casualty underwriters ("the institutes"). Compensation arrangements involving any of the organization's officers and/or key employees are established by the institutes pursuant to a process that satisfies the rebuttable presumption procedure available for irc section 4958 excess benefit transaction tax purposes, which requires a review of compensation determinations by disinterested persons, use of appropriate comparability data, and contemporaneous documentation of the process.”

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