2024-09-03T08:04:38-05:00 2023-12-31 351178661 BLUE & CO LLC 500 N MERIDIAN ST SUITE 200 INDIANAPOLIS IN 46204 990 2023-01-01 363678111 NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS INC NATI 3174648199 300 N MERIDIAN STREET 1020 INDIANAPOLIS IN 46204 ROGER H SCHMELZER PRESIDENT, CEO 3174648199 2024-09-03 1 1 TYLER K GREENE CPA P00057872 3176334705 2024-09-03 2023 2024-08-08 14:25:15Z ROGER H SCHMELZER 300 N MERIDIAN STREET 1020 INDIANAPOLIS IN 46204 4761918 0 X WWW.NCIGF.ORG X 1989 IL NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS (NCIGF) ASSISTS PROPERTY AND CASUALTY GUARANTY FUNDS 19 19 18 21 0 0 0 0 4340017 4605207 101362 156711 0 0 4441379 4761918 0 0 0 0 2172044 2287058 0 0 0 2134623 2186463 4306667 4473521 134712 288397 5497220 5780441 1235224 1108807 4261996 4671634 X TO BRING THE GREATEST POSSIBLE VALUE TO THE MEMBER STATE PROPERTY AND CASUALTY GUARANTY FUNDS AND THE STATE-BASED GUARANTY FUND SYSTEM IN OPERATIONAL SUPPORT, COMMUNICATION AND PUBLIC POLICY DEVELOPMENT. 0 0 NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS (NCIGF) IS A BUSINESS ASSOCIATION AS DEFINED WITHIN INTERNAL REVENUE CODE SECTION 501(C)(6) WHICH ADVANCES THE COLLECTIVE MISSIONS OF ITS MEMBERS AND PROVIDES NATIONAL ASSISTANCE IN VARIOUS AREAS FOR PROPERTY AND CASUALTY GUARANTY FUNDS. NCIGF ASSISTS IN THE COORDINATION BETWEEN THE LIQUIDATORS AND PROPERTY AND CASUALTY GUARANTY FUNDS IN MULTI-STATE INSOLVENCIES, MONITORS LITIGATION AND LEGISLATION AFFECTING GUARANTY FUNDS, CONDUCTS VARIOUS EDUCATIONAL AND TRAINING PROGRAMS, PROVIDES INFORMATION CONCERNING THE PROPERTY AND CASUALTY GUARANTY FUND SYSTEM; AND PROVIDES A FORUM FOR DISCUSSION OF GUARANTY FUND RELATED ISSUES. NCIGF PROVIDES OPERATIONAL SUPPORT, COMMUNICATIONS AND PUBLIC POLICY DEVELOPMENT TO ITS MEMBERS, THE STATE PROPERTY AND CASUALTY INSURANCE GUARANTY FUNDS. THE NCIGF ALSO ASSISTS PROPERTY AND CASUALTY INSURANCE GUARANTY FUNDS BY PROVIDING THEM WITH CURRENT LEGISLATIVE INFORMATION AND EDUCATIONAL TRAINING OPPORTUNITIES.SEE SCHEDULE O FOR 2023 SERVICE ACCOMPLISHMENTS HIGHLIGHTS.HIGHLIGHTS OF OUR 2023 ACCOMPLISHMENTS INCLUDE:MITIGATING "READINESS RISK": GUARANTY FUNDS HAVE A RICH HISTORY OF ADAPTATION AND FLEXIBILITY DURING THOSE RARE OCCASIONS WHEN AN INSURANCE COMPANY BECOMES INSOLVENT. AS THE INSURANCE INDUSTRY CONTINUES TO EVOLVE ITS TECHNOLOGY AND BUSINESS PRACTICES AND RESPONDS TO PUBLIC POLICY CHANGES, THE CHALLENGE FOR THE GUARANTY FUNDS TO ADAPT GROWS STEEPER. NCIGF IS AMID A MULTI-YEAR INITIATIVE TO SMOOTH THE FRICTIONS THAT POSE A THREAT TO THE ABILITY TO RESPOND PROMPTLY TO CONSUMERS.FOCUS ON PRE-LIQUIDATION PLANNING:NCIGF CONTINUES TO PROMOTE EARLIER PRE-LIQUIDATION PLANNING IN VARIOUS FORUMS. BECAUSE OF THE NEED TO TRANSITION DATA IMMEDIATELY WHEN THE GUARANTY FUNDS ARE TRIGGERED AND THE COMPLEXITY OF PRODUCTS SUCH AS LARGE DEDUCTIBLE AND CYBER LIABILITY, THIS PLANNING NEEDS TO BEGIN BEFORE A FORMAL INSOLVENCY PROCEEDING IS ORDERED. THIS YEAR THE "E" COMMITTEE AT THE NAIC ADOPTED A PRE-LIQUIDATION MEMORANDUM OF UNDERSTANDING (MOU). IT IS NOW AVAILABLE ON THE RITF WEBSITE FOR USE BY INSOLVENCY PRACTITIONERS. MOREOVER, THE MOU AND ACCOMPANYING REVISIONS TO VARIOUS HANDBOOKS HAVE BEEN REFERRED TO NAIC WORKING GROUPS THAT ADDRESS TROUBLED COMPANY ISSUES BEFORE A FORMAL INSOLVENCY PROCEEDING IS COMMENCED. WE EXPECT ACTION ON THESE REFERRALS IN 2024.RESTRUCTURED BUSINESS:STATUTES THAT AUTHORIZE INSURANCE COMPANY DIVISIONS OR INSURANCE BUSINESS TRANSFERS (IBTS) CONTINUE TO BE ADOPTED IN VARIOUS STATES, GENERATING CONCERNS ABOUT THE STATUS OF GUARANTY FUND COVERAGE. THE MATTER IS PARTICULARLY URGENT IN THAT BOTH DIVISION STATUTES AND IBTS MAKE IT CLEAR THAT THERE IS NO REMAINING LIABILITY ON THE PART OF THE TRANSFERRING ENTITY FOR THE CLAIMS TRANSFERRED UNDER THESE STATUTES. THE NCIGF BOARD OF DIRECTORS ADOPTED A POSITION ON THIS MATTER STATING THAT IF COVERAGE EXISTED ON A CLAIM BEFORE THE RESTRUCTURING TRANSACTION IT SHOULD REMAIN IN PLACE AFTER THE TRANSACTION. CONVERSELY, IF COVERAGE WAS NOT AVAILABLE BEFORE THE TRANSACTION IT SHOULD NOT BE CREATED BY THE TRANSACTION. AS MANY CURRENT GUARANTY FUND LAWS MAY NOT RESOLVE THESE CLAIMS IN THIS WAY, NCIGF DEVELOPED A STATUTORY REMEDY. THIS REMEDY HAS BEEN ADOPTED IN FOUR STATES AND EFFORTS CONTINUE TO PROMOTE THE AMENDMENT IN ADDITIONAL JURISDICTIONS. MOST RECENTLY A DRAFT IN THIS REGARD HAS BEEN RECOMMENDED TO THE RECEIVERSHIP AND INSOLVENCY TASK FORCE (RITF) AT THE NAIC. THE NAIC IS IN THE PROCESS OF REVIEWING THIS DRAFT.RESOLUTION PARTNERSHIP WITH RECEIVERS AND REGULATORS:NCIGF WORKED ON SECURING AND IMPLEMENTING IMPROVED PRACTICES FOR DATA TRANSFER IN RECEIVERSHIPS THROUGHOUT 2023. A REVISED RECEIVER'S HANDBOOK WAS ADOPTED BY THE NAIC WITH FAVORABLE LANGUAGE OFFERED BY NCIGF ON GUARANTY ASSOCIATION ISSUES, INCLUDING THE IMPORTANCE OF PRE-LIQUIDATION PLANNING. THE NEW HANDBOOK INCLUDES A "LARGE DEDUCTIBLE GUIDELINE" ADOPTED IN A PRIOR YEAR WHICH CALLS FOR THE DEDUCTIBLE ASSET TO FLOW IN FULL TO THE GUARANTY FUNDS TO THE EXTENT OF THEIR CLAIM PAYMENTS, RATHER THAN BE TREATED AS A GENERAL ASSET OF THE ESTATE, RESOLVING A 20-YEAR-OLD DISPUTE BETWEEN GUARANTY FUNDS AND INSURANCE RECEIVERS. THE PRE-LIQUIDATION MEMORANDUM OF UNDERSTANDING ADOPTED BY THE NAIC RECEIVERSHIP AND INSOLVENCY TASK FORCE IN 2022 IS NOW REFERENCED IN HANDBOOKS USED BY IT EXAMINATIONS AND THE FINANCIAL ANALYSIS SOLVENCY TOOLS (FAST) WORKING GROUPS. IT IS ALSO REFERENCED IN THE FINANCIAL ANALYSIS WORKING GROUP (FAWG) MATERIALS. THIS DEVELOPMENT IS IMPORTANT BECAUSE IT SUPPLIES REGULATORS ACCESS TO THESE MATERIALS BEFORE A PUBLIC INSOLVENCY PROCEEDING IS INVOKED. THIS WILL BE CRITICAL TO SUCCESSFUL PRE-LIQUIDATION PLANNING.CYBER COVERAGE AND RESTRUCTURING REMEDY:IN 2023 NCIGF WORKED WITH STATE GUARANTY ASSOCIATIONS, INDUSTRY, AND REGULATORS TO PROMOTE THE ENACTMENT OF LANGUAGE AT THE NAIC AND IN INDIVIDUAL STATES. AMENDMENTS RELATING TO RESTRUCTURED BUSINESS AND CYBER COVERAGE WERE ADOPTED BY THE NAIC IN LATE 2023 AND ARE NOW INCORPORATED IN THE NAIC PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION MODEL ACT. THESE AMENDMENTS ARE THE RESULT OF SEVERAL YEARS OF EFFORTS WORKING WITH REGULATORY COMMITTEES AT THE NAIC. THE CYBER COVERAGE AMENDMENTS WERE ADOPTED AS PROPOSED BY THE NCIGF. THESE CHANGES CALL FOR REASONABLE COVERAGE LIMITS AND ADDRESS SERVICES PROVIDED UNDER CYBER POLICY. THREE STATES HAVE ADOPTED CYBER AMENDMENTS, AND THE MEASURE IS PENDING IN TWO ADDITIONAL STATES IN 2024. THE RESTRUCTURING AMENDMENT'S PRIMARY OPTION IS CONSISTENT WITH NCIGF POLICY IN THIS REGARD- GUARANTY FUND COVERAGE SHOULD NOT BE CHANGED BY THE BUSINESS TRANSACTION- CLAIMS THAT ORIGINATED FROM GUARANTY FUND COVERED POLICIES WOULD BE COVERED AFTER A RESTRUCTURING AND CLAIMS THAT WERE NOT COVERED BEFORE WOULD NOT BE COVERED AFTER THE TRANSACTION. FOUR STATES HAVE ENACTED RESTRUCTURING AMENDMENTS CONSISTENTLY AND MULTIPLE OTHER STATES HAVE IT UNDER CONSIDERATION.PRELIQUIDATION PLANNING:NCIGF WAS A STRONG PROPONENT OF EARLIER PRE-LIQUIDATION PLANNING THROUGHOUT 2023. A PRIMARY FOCUS OF EFFORT WAS TO STRESS THAT PLANNING AND COORDINATION WITH GUARANTY FUNDS PRIOR TO A PUBLIC INSOLVENCY PROCEEDING IS CRITICAL TO A SEAMLESS TRANSITION FOR POLICYHOLDERS. NCIGF DELIVERED THIS MESSAGE TO REGULATORS AND RECEIVERS IN NUMEROUS FORUMS THROUGHOUT THE YEAR. A UNIQUE TABLETOP EXERCISE WAS CONDUCTED AT THE NOVEMBER MEETING OF THE NAIC. OVER 100 REGULATORS PARTICIPATED, MOST OF WHOM WERE COMMISSIONERS OR REGULATORY STAFF INVOLVED WITH TROUBLED COMPANIES BEFORE A PUBLIC PROCEEDING OCCURS. AS A RESULT OF THIS HIGHLY REGARDED SESSION, NCIGF AND NOLHGA WERE INVITED TO CONDUCT A SIMILAR EXERCISE AT A COMMISSIONER'S SUMMIT EVENT IN FEBRUARY 2024. NCIGF HOPES TO BUILD ON THE SUCCESS OF THESE TWO EVENTS IN COLLABORATION WITH THE NAIC TO CONDUCT THIS TYPE OF EXERCISE AT FUTURE REGULATOR EVENTS.TROUBLED COMPANIES:AS PART OF REVISIONS TO THE NAIC HOLDING COMPANY ACT, NCIGF WORKED WITH THE RECEIVERSHIP AND INSOLVENCY TASK FORCE (RITF) TO ADD PROVISIONS TO ADDRESS TROUBLED COMPANIES, SPECIFICALLY CONTINUATION OF THIRD-PARTY SERVICES AND OWNERSHIP RIGHTS TO CLAIMS DATA. THESE PROVISIONS HAVE NOW BEEN ADOPTED IN 15 STATES AND ARE PENDING IN MULTIPLE STATES. THE COMMUNITY UNDERSTANDS THAT THE NEW HOLDING COMPANY LANGUAGE HAS ALREADY BEEN A HELPFUL TOOL FOR REGULATORS AND RECEIVERS DEALING WITH TROUBLED COMPANIES AND IT IS EXPECTED THAT LAWS SUCH AS THIS WILL BE A KEY COMPONENT OF A SEAMLESS POLICYHOLDER TRANSITION DURING LIQUIDATION.2023 TABLETOP EXERCISE:A TABLETOP INSOLVENCY SIMULATION EXERCISE WAS CONDUCTED AT THE 2023 NCIGF FALL WORKSHOP. DESIGNED AND IMPLEMENTED BY THE NCIGF INNOVATIONS AND OPERATIONS COMMITTEE, THE EXERCISE OFFERED NOT ONLY A TIME FOR EDUCATIONAL INTERACTION, BUT ALSO CREATED OPPORTUNITIES FOR CONNECTIONS, SOLUTION SHARING AND NETWORKING AMONG THE NCIGF MEMBER FUNDS. 'COMMON SOLUTIONS FOR SHARED PROBLEMS' WAS THE THEME OF THE COLLABORATIVE SESSION, WHICH INCLUDED PARTICIPANTS SHARING TOP TAKEAWAYS IN THE LARGE GROUP ENVIRONMENT. THE INNOVATIONS AND OPERATIONS COMMITTEE HAS ALREADY BEGUN PLANNING THE NEXT STEPS FOR THE TAKEAWAYS AND INFORMATION GATHERED DURING THE SESSION AND HAS PLANS TO FEATURE THIS EXERCISE AND ITS MATERIALS IN A DOWNLOADABLE RESOURCE FORMAT FOR 2024.2023 LEGAL SEMINAR:THE NCIGF 2023 LEGAL SEMINAR WAS HELD IN MINNEAPOLIS, MN IN JUNE 2023. THE LEGAL SEMINAR TASK FORCE CULTIVATED AN ENVIRONMENT AND OPPORTUNITY FOR APPROXIMATELY SEVENTY (70) INDIVIDUALS FROM VARYING BACKGROUNDS AND ROLES TO SHARE PERSPECTIVES AND EXPLORE TRENDING TOPICS ON INSURANCE AND INSOLVENCY MATTERS. TOPICS COVERED INCLUDED, REINSURANCE, CASE LAW UPDATES, AND ISSUES THAT EVOLVE FROM THE MODERNIZATION OF THE WORKPLACE INCLUDING LEGAL OBLIGATIONS WITH DIVERSITY, EQUITY, AND INCLUSION (DEI) INITIATIVES THE SEMINAR PROVIDED PARTICIPANTS WITH NEW INSIGHTS AND INFORMATION AND BOLSTERED THEIR GENERAL KNOWLEDGE OF GUARANTY FUND LAW. THE 2025 LEGAL SEMINAR TASK FORCE IS HARD AT WORK PLANNING THE NEXT LEGAL EDUCATION CONFERENCE. 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 18 0 1 18 1 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 1 1 IN X KEVIN LEAP 3174648199 300 N MERIDIAN STREET 1020 INDIANAPOLIS IN 46204 JOSEPH TORTI CHAIR 1.00 0.00 X X 0 0 0 BRADLEY A ROEBER VICE CHAIR 1.00 0.00 X X 0 0 0 JENNY ANZALONE-ACKLEY DIRECTOR 1.00 0.00 X 0 0 0 CHAD ANDERSON DIRECTOR 1.00 0.00 X 0 0 0 D KEITH BELL DIRECTOR 1.00 0.00 X 0 0 0 LAVAWN COLEMAN DIRECTOR 1.00 0.00 X 0 0 0 KATIE EVANS DIRECTOR 1.00 0.00 X 0 0 0 BONNY GORDON DIRECTOR 1.00 0.00 X 0 0 0 J SMITH HARRISON DIRECTOR 1.00 0.00 X 0 0 0 NEIL JACKSON DIRECTOR 1.00 0.00 X 0 0 0 TAMARA KOPP DIRECTOR 1.00 0.00 X 0 0 0 BARBARA LAW DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM LYNCH DIRECTOR 1.00 0.00 X 0 0 0 ANDREA LENTINE DIRECTOR 1.00 0.00 X 0 0 0 CHRISTOPHER P ROE DIRECTOR 1.00 0.00 X 0 0 0 ARTHUR M RUSSELL DIRECTOR 1.00 0.00 X 0 0 0 TIMOTHY M SCHOTKE DIRECTOR 1.00 0.00 X 0 0 0 CHAD WILSON DIRECTOR 1.00 0.00 X 0 0 0 ROBERT ZEMAN DIRECTOR 1.00 0.00 X 0 0 0 MICHAEL BOGE DIRECTOR PARTIAL TERM 1.00 0.00 X 0 0 0 JOYCE HALL MELLINGER DIRECTOR PARTIAL TERM 1.00 0.00 X 0 0 0 ROGER H SCHMELZER PRESIDENT, CEO 40.00 0.00 X 502284 0 30829 AMY J CLARK V.P., CFO PARTIAL TERM 40.00 0.00 X 83717 0 7975 ASHLEY ROSENBERGER SR. LEGAL COUNSEL & CORP.SEC. 40.00 0.00 X 140640 0 21880 MIKE ULMER V.P. TECHNOLOGY SERVICES AND OPS. 40.00 0.00 X 207577 0 21155 NATHANIEL JENNINGS PROGRAM ANALYST 40.00 0.00 X 129381 0 11093 RICHARD MINNIEAR PROGRAM ANALYST 40.00 0.00 X 147296 0 22895 1210895 0 115827 5 0 1 0 FAEGRE DRINKER BIDDLE & REATH 300 N MERIDIAN ST INDIANAPOLIS IN 46204 FEDERAL EDUCATION SERVICES 499962 LOCKE LORD LLP 24259 NETWORK PL CHICAGO IL 60673 LEGAL INSOLVENCY SUPPORT 218903 BARBARA COX LLC 106 STONERS CIRCLE LITTLETOWN PA 17340 LEGAL CONSULTING SERVICES 186938 3 MEMBERSHIP DUES 900099 4432347 4432347 WORKSHOP REGISTRATION 900099 172860 172860 4605207 156711 156711 4761918 4605207 0 156711 1016057 730037 205973 201930 133061 991023 134153 92737 59066 79842 122556 156151 361844 25182 84743 DUES & SUBSCRIPTIONS 77956 FEDERAL PROXY TAX 1210 4473521 250 250 3862471 3932018 114409 81960 76287 174121 286912 212445 81573 74467 258519 309016 1103711 1208609 5497220 5780441 262082 195553 6500 0 966642 913254 1235224 1108807 X 4261996 4671634 4261996 4671634 5497220 5780441 X 288397 121241 X X 0 1 X 1 0 0 0 0 4432347 6769 6769 6769 286912 212445 74467 74467 INVESTMENT IN GSI 248137 SECURITY DEPOSITS 33256 RIGHT OF USE ASSETS 579855 PENSION ASSET 347361 1208609 DEFERRED COMPENSATION 309016 LEASE LIABILITIES 604238 913254 X 4883159 121241 121241 4761918 0 4761918 4473521 0 4473521 0 4473521 PART X, LINE 2: NCIGF IS A NOT-FOR-PROFIT CORPORATION AND HAS BEEN RECOGNIZED AS TAX-EXEMPT PURSUANT TO SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC). AS SUCH, NCIGF IS GENERALLY EXEMPT FROM INCOME TAXES. NCIGF IS REQUIRED TO FILE FEDERAL FORM 990 RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, WHICH IS AN INFORMATIONAL RETURN ONLY. HOWEVER, SECTION 6033(E) OF THE IRC DEFINES LOBBYING IN A MANNER THAT INCLUDES SOME OF THE ACTIVITIES PERFORMED BY NCIGF. AS A RESULT, UNDER THE SAME SECTION, NCIGF IS REQUIRED TO EITHER REPORT THE TOTAL AMOUNT OF EXPENSES RELATED TO SUCH ACTIVITIES TO ITS MEMBERS AS NONDEDUCTIBLE FOR FEDERAL INCOME TAX PURPOSES OR PAY A PROXY INCOME TAX. NCIGF HAS ELECTED TO PAY A PROXY INCOME TAX. GSI IS A TAXABLE ENTITY AND IS, THEREFORE, SUBJECT TO FEDERAL AND STATE INCOME TAXES. DEFERRED INCOME TAX ITEMS RELATED TO GSI ARE NOT SIGNIFICANT TO THE OVERALL CONSOLIDATED FINANCIAL STATEMENTS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY NCIGF AND GSI AND RECOGNIZE A TAX LIABILITY IF NCIGF OR GSI HAVE TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY VARIOUS FEDERAL AND STATE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY NCIGF AND GSI, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2023 AND 2022, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. NCIGF AND GSI ARE SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. NCIGF AND GSI HAVE FILED ITS FEDERAL AND STATE INCOME TAX RETURNS FOR PERIODS THROUGH DECEMBER 31, 2022. THESE INCOME TAX RETURNS ARE GENERALLY OPEN TO EXAMINATION BY THE RELEVANT TAXING AUTHORITIES FOR A PERIOD OF THREE YEARS FROM THE LATER OF THE DATE THE RETURN WAS FILED OR ITS DUE DATE (INCLUDING APPROVED EXTENSIONS). PART XI, LINE 2D - OTHER ADJUSTMENTS: OTHER PENSION RELATED CHANGES 121,241. X X X X 0 0 0 ROGER H SCHMELZER PRESIDENT, CEO 318012 0 150000 0 34272 0 14850 0 15979 0 533113 0 0 0 MIKE ULMER V.P. TECHNOLOGY SERVICES AND OPS. 179474 0 25000 0 3103 0 9596 0 11559 0 228732 0 0 0 RICHARD MINNIEAR PROGRAM ANALYST 119393 0 27000 0 903 0 6818 0 16077 0 170191 0 0 0 ASHLEY ROSENBERGER SR. LEGAL COUNSEL & CORP.SEC. 114080 0 26000 0 560 0 6525 0 15355 0 162520 0 0 0 BARBARA COX FORMER OFFICER / SECRETARY 186938 LEGAL CONSULTING SERVICES PAID TO BARBARA COX LLC 0 FORM 990, PART VI, SECTION A, LINE 6 NCIGF IS A MEMBERSHIP ASSOCIATION OF POST-ASSESSMENT AND PRE-ASSESSMENT PROPERTY AND CASUALTY INSURANCE GUARANTY FUNDS WHICH ARE FUNDS ESTABLISHED BY THE LAWS OF THE VARIOUS STATES AND THE DISTRICT OF COLUMBIA. THE TERM "GUARANTY FUNDS" INCLUDES "GUARANTY ASSOCIATIONS", "INSOLVENCY FUNDS", "SECURITY FUNDS", OR ANY OTHER LEGISLATIVELY MANDATED MECHANISM CREATED TO PROVIDE PROTECTION AGAINST THE INSOLVENCY OF LICENSED PROPERTY AND CASUALTY INSURERS. FORM 990, PART VI, SECTION A, LINE 7A THE NOMINATING COMMITTEE NOMINATES INDIVIDUALS FOR POSITIONS ON THE BOARD OF DIRECTORS THAT BECOME VACANT PRIOR TO THE ANNUAL MEETING. INDIVIDUALS MAY ALSO BE NOMINATED BY ONE MEMBER AND SECONDED BY TWO OTHER MEMBERS OR NOMINATED FROM THE FLOOR BY A 2/3 VOTE AT THE ANNUAL MEETING OF MEMBERS. THE MEMBERS ELECT NOMINEES TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B ANY CHANGE TO THE CORPORATE BYLAWS REQUIRES APPROVAL OF A MAJORITY OF NCIGF MEMBER GUARANTY FUNDS. FORM 990, PART VI, SECTION B, LINE 11B THE PROCESS FOR REVIEW THE FORM 990 INCLUDES A REVIEW BY THE TREASURER, AUDIT COMMITTEE, AND BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE WRITTEN CONFLICT OF INTEREST POLICY IS REGULARLY AND CONSISTENTLY MONITORED AND COMPLIANCE ENFORCED BY THE PRESIDENT AND CEO. THE SCOPE OF THE CONFLICT OF INTEREST POLICY INCLUDES OFFICERS, DIRECTORS, TRUSTEES, AND EMPLOYEES. ANNUALLY, THE PRESIDENT DELIVERS THE POLICY TO EACH INDIVIDUAL. EMPLOYEES ARE REQUIRED TO FILL OUT AND SUBMIT A CONFLICT OF INTEREST FORM. ANY INSTANCES OF NONCOMPLIANCE WITH THE POLICY ARE TO BE PROMPTLY REPORTED TO THE BOARD. BOARD MEMBERS WITH POTENTIAL OR ACTUAL CONFLICTS OF INTEREST ARE TO REFRAIN FROM PARTICIPATING IN ANY DELIBERATION OR DECISIONS ON SUCH TRANSACTIONS WHICH IS NOTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR THE CHIEF EXECUTIVE AND OTHER OFFICERS INCLUDES A REVIEW AND APPROVAL BY THE INDEPENDENT EXECUTIVE COMMITTEE MEMBERS OF THE BOARD OF DIRECTORS; COMPARABLE DATA FROM AN INDEPENDENT AND EXTERNAL HUMAN RESOURCE CONSULTANT IS CONDUCTED AND REVIEWED BY THE EXECUTIVE COMMITTEE; AND DOCUMENTATION ON THE DELIBERATION AND DECISION OF THE COMPENSATION ARRANGEMENTS ARE RECORDED IN THE MINUTES OF THE ORGANIZATION. NCIGF DOES NOT HAVE ANY EMPLOYEES THAT MEET THE FORM 990 KEY EMPLOYEE DEFINITION, BUT A SIMILAR PROCESS IS CONDUCTED FOR TOP MANAGEMENT POSITIONS OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 NCIGF GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS WOULD BE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGES IN DEFINED BENEFIT PENSION 121,241. FORM 990, PART XII, LINE 2C, OVERSIGHT OF AUDIT: THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTING FIRM; DURING AN AUDIT COMMITTEE MEETING, BLUE AND CO. PROVIDES AN OVERVIEW OF THE ENGAGEMENT LETTER WHICH EXPLAINS THE ITEMS THAT WILL BE COVERED IN THE YEARLY AUDIT. ONCE THE AUDIT COMMITTEE APPROVES THE ENGAGEMENT LETTER, THEY MEET WITH THE AUDIT MANAGER FROM BLUE AND CO., AWAY FROM NCIGF STAFF, TO START THE AUDIT. ONCE THE AUDIT IS COMPLETE, THE AUDIT REPORT IS PRESENTED TO THE AUDIT COMMITTEE FOR APPROVAL. THE AUDIT COMMITTEE CHAIR THEN PRESENTS THE APPROVED AUDIT REPORT TO THE FULL BOARD OF DIRECTORS. THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. GUARANTY SUPPORT INC 300 N MERIDIAN ST STE 1020 INDIANAPOLIS IN 46204 352542172 TECHNOLOGY AND CONSULTING SERVICES IL NATIONAL CONFERENCE OF INSURANCE C 754363 279795 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PART IV, IDENTIFICATION OF RELATED ORGANIZATIONS TAXABLE AS CORP OR TRUST: NAME OF RELATED ORGANIZATION: GUARANTY SUPPORT, INC. DIRECT CONTROLLING ENTITY: NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS INC