2023-11-15T05:24:43-08:00 2022-12-31 990 2022-01-01 132732270 AIPSO AIPS 4019462310 302 CENTRAL AVENUE JOHNSTON RI 029194932 Kevin Leeman CPA CPCU PMP CGMA Director, Financial & Investment Se 4019462310 2023-11-08 Kevin Leeman CPA CPCU PMP true 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Charles Kwolek Jr c/o AIPSO302 Central Ave Johnston RI 02919 79668644 false X www.aipso.com X 1973 RI AIPSO's mission is to provide high quality services for the insurance residual market at the lowest possible cost. 13 13 476 13 0 0 0 59681489 79474830 -803 95544 43277 98270 59723963 79668644 0 0 44441633 52625915 0 0 15756467 23502500 60198100 76128415 -474137 3540229 43724531 84201784 86896970 107335670 -43172439 -23133886 X AIPSO's mission is to provide high quality services for the insurance residual market for the lowest possible cost. false false Automated Information Systems Services provides and supports information systems for any residual market mechanism. We (1) provide systems planning and design, (2) coordinate telecommunications, networking, and data transmission, (3) offer programming expertise, (4) provide and maintain software, systems, and equipment. Rating & Actuarial Services is a licensed rating and/or advisory organization in more than 45 states and the District of Columbia. We (1) collect, evaluate, and edit insurance premium and expense data received from statistical organizations that collect the data from insurance companies, (2) develop rates and rating rules designed specifically for the residual market, (3) develop individual rates for unique risks not specifically rated from the rating manuals, (4) present rate indications to governing committees, (5) file rates and rules with regulators on behalf of state residual market organizations, (6) provide rates and rules in both print and Web-based formats. Financial Services provides accounting and investment services for any residual market organization. We (1) process account receivables/payables, (2) maintain general ledgers, (3) prepare GAAP/Statutory financial statements, reports, and tax filings in accordance with state requirements,(4) maintain and reconcile bank accounts, (5) prepare, distribute, and collect assessments, (6) oversee mechanisms' investments on the respective investment policy, (7)prepare cash flow projections and budgets to ensure prospective cash needs are met, (8) ensure purchasing of goods and services is performed in compliance with company policy. Producer Certification Services provides support for producer licensing and certification for automobile residual market organizations. Management Consulting Services provide management expertise on a consulting basis to residual market mechanisms that are supported, but not managed, by our organization. Commercial Automobile Safety Program (CASP)Services provided processing support for loss prevention programs until September 2022, when this program ended. Pooing Mechanism Support Services provides analysis and administrative support for residual market organizations. Fraud Containment Services takes measures on both a national and state level to identify and combat premium diversion and other types of fraud in connection with insurance coverage provided through auto insurance residual market mechanisms and Producer involvement. AIPSO Insurance Operations Services: AIPSO functions as a service provider to private passenger and commercial risks in support of the auto insurance residual market's Commercial Automobile Insurance Procedures (CAIPs) Joint Underwriting Associatins (JUAs) Personal Automobile Insurance Procedures (PAIPs) and Private Passenger (PPPs) false false false true false false false false false true false false true true false true false false false false false false false false false false false false true false false false false false false false false false false false true false false true 280 0 true 476 true false false false false false false false false X 13 13 false false false false true true false true true true false false true true true true true true true false X Kevin Leeman 4019462310 302 CENTRAL AVENUE JOHNSTON RI 029194932 Hanover Ins Co Gov Comm Member 1.00 X 0 0 0 Allstate Ins Co Gov Comm Member 1.00 X 0 0 0 Nationwide Mut Ins Co Gov Comm Member 1.00 X 0 0 0 Amica Mut Ins Co Gov Comm Member 1.00 X 0 0 0 Farmers Ins Exchange Gov Comm Member 1.00 X 0 0 0 GEICO Gov Comm Member 1.00 X 0 0 0 Interinsurance Exchange of The Auto Club Gov Comm Member 1.00 X 0 0 0 State Farm Mut Auto Ins Co Gov Comm Member 1.00 X 0 0 0 The Travelers Companies Gov Comm Member 1.00 X 0 0 0 USAA Gov Comm Member 1.00 X 0 0 0 Progressive Cas Ins Co Gov Comm Member 1.00 X 0 0 0 Selective Ins Co Gov Comm Member 1.00 X 0 0 0 NJ Manufacturers Ins Co Gov Comm Member 1.00 X 0 0 0 Charles Kwolek Jr President 37.50 X 531548 0 108779 Frank Pensabene Vice President 37.50 X 295036 0 62562 Robert Powers Vice President 37.50 X 228526 0 61961 Joseph Agresta Vice President 37.50 X 293189 0 52568 Timothy Messier Asst Vice President 37.50 X 245426 0 63694 Amy Hicks Vice President 37.50 X 274650 0 46277 Kevin Leeman Director Financial Srvs 37.50 X 222540 0 53420 Annemarie D'Attelo Senior Counsel 37.50 X 193309 0 38897 Keith Gentile Actuary 37.50 X 207635 0 53115 Matthew Mayfield CAIP Services Director 37.50 X 186590 0 40111 Tyler Falcone Director IS&PS 37.50 X 182893 0 51983 Thomas Assad Jr Director 37.50 X 183619 0 45559 Michael O'Leary Senior Counsel 37.50 X 184624 0 40338 3229585 0 719264 103 false true false Acrisure LLC 1469 Deer Park North Babylon NY 11703 Commission 693412 Landerbrook Point LLC 3733 Park East Dr Ste 210 Beachwood OH 44122 Commission 640044 Velocity Ins Multiservice LLC 4514 Bergen Turnpike North Bergen NJ 07047 Commission 1028443 Phoenix Risk Management LLC 62 Rose Ave Jersey City NJ 07305 Commission 576681 KPMG LLP 3 Chestnut Ridge Rd Montvale NJ 07645 Audit services 534965 11 Assessments 524298 36212989 0 0 Central Processor fees 524298 15043908 0 0 Services Rendered 524298 8051965 0 0 Service charges & service provider fees 524298 19942546 0 0 223422 0 0 79474830 95544 0 0 Late Fees 524298 82703 82703 0 0 Miscellaneous 524298 15567 15567 0 0 98270 79668644 79668644 0 0 2823497 0 0 0 33985468 0 0 0 2868347 0 0 0 10236907 0 0 0 2711696 0 0 0 72045 0 0 0 600969 0 0 0 783665 0 0 0 2583173 0 0 0 2402857 0 0 0 332286 0 0 0 10988 0 0 0 1201829 0 0 0 464975 0 0 0 Policy administration 7709999 0 0 0 Rate & survey data fees 728112 0 0 0 Shared resources 3912580 0 0 0 Leverage resources 1268103 0 0 0 1430919 0 0 0 76128415 0 0 0 1428106 42837000 18498306 6028035 15118290 24118363 1236 1236 467159 472402 23337892 16785908 4271522 6551984 3939912 4192764 43724531 84201784 6086328 50757648 80810642 56578022 86896970 107335670 X -43172439 -23133886 -43172439 -23133886 43724531 84201784 X 3540229 16498324 X false true X true false false true false 0 908645 908645 15372239 11996163 3376076 6469546 4708090 1761456 587462 81655 505807 6551984 Due from plans - pension 3311196 Due from plans - vacation 45611 Due from plans - deferred rent 0 Due from plans - lease obligations 43066 Operating lease right of use assets 262768 Finance lease right of use assets,net 530123 4192764 Accrued pension 9651269 Accrued vacation 386453 Advance assessments 13449952 Post-retirement benefits 32556536 Deferred rent 0 Operating lease obligations 214519 Finance lease obligations 319293 56578022 79668644 79668644 79668644 76128415 76128415 76128415 X true true X false false false Charles Kwolek Jr 462961 0 48087 0 20500 0 98967 0 12660 0 643175 0 0 0 Frank Pensabene 294892 0 144 0 0 0 44079 0 20546 0 359661 0 0 0 Robert Powers 228383 0 144 0 0 0 35564 0 28189 0 292280 0 0 0 Joseph Agresta 291323 0 1866 0 0 0 43756 0 10858 0 347803 0 0 0 Timothy Messier 244432 0 994 0 0 0 37197 0 28375 0 310998 0 0 0 Amy Hicks 274506 0 144 0 0 0 41601 0 6655 0 322906 0 0 0 Kevin Leeman 222397 0 143 0 0 0 34061 0 21100 0 277701 0 0 0 Annemarie D'Attelo 193152 0 157 0 0 0 29210 0 11261 0 233780 0 0 0 Keith Gentile 206783 0 852 0 0 0 32281 0 22520 0 262436 0 0 0 Matthew Mayfield 184907 0 1683 0 0 0 28521 0 13122 0 228233 0 0 0 Tyler Falcone 182594 0 300 0 0 0 28586 0 24935 0 236415 0 0 0 Thomas Assad Jr 182087 0 1532 0 0 0 27825 0 19224 0 230668 0 0 0 Michael O'Leary 184452 0 172 0 0 0 28551 0 13323 0 226498 0 0 0 Pt VI, Line 6 Members consist of companies writing the majority of automobile insurance in the United States. Pt VI, Line 7a Members elect the governing body which is composed of 13 major insurance companies. Pt VI, Line 11b Form 990 is reviewed and signed by either AIPSO's Director or Manager of Financial & Investment Services. Pt VI, Line 12c Directors and Officers are required annually to sign a Conflict of Interest Statement disclosing any conflicts. Pt VI, Line 15a The Compensation and Benefits Work Group (comprised of the AIPSO BOD Chairperson and two members of the AIPSO BOD) annually reviews the performance of the President and makes a recommendation through the Board Chair to the full Board regarding annual salary adjustments. The President's compensation is subject to the same process as all other employees, including a designated salary grade level established by the Board. The Board may also retain outside independent compensation advisors, as deemed advisable by the Board, and review benchmark information to ensure that compensation of the President is reasonable. The Compensation and Benefits Work Group also coordinates with the President to develop the performance goals and criteria for recommendation to the Board. Pt VI, Line 15b Compensation of Officers is reviewed and approved by Human Resource Services and the President of AIPSO, provided that persons with conflicts of interest with respect to that compensation arrangement at issue are not involved in this review and approval. The compensation of the person is reviewed and approved using data as to comparable compensation for similarly qualified persons in functionally comparable positions at similarly situated organizations. AIPSO participates in a variety of well-known regional and national salary surveys conducted by third party sources to obtain survey data. There is contemporaneous documentation and recordkeeping with respect to deliberations and decisions regarding the compensation arrangement. Pt VI, Line 19 Governing documents, conflict of interest policy and financial statements are available upon request. Pt XI Other changes in fund balance consist of changes in pension other than net periodic cost $16,246,171 and reapportionment of prior year's deficiency $252,153. Form 990, Part III, Line 4d Producer Certification Services provides support for Form 990, Part III, Line 4d Commercial Automobile Safety Program (CASP)Services provided Form 990, Part III, Line 4d insurance coverage provided through auto insurance Form 990, Part III, Line 4d (PAIPs) and Private Passenger (PPPs) Form 990, Part VI, Line 9 Allstate Ins Co 332 Buckingham Dr Grayslake IL XXX-XX-XXXX Form 990, Part VI, Line 9 Amica Mutual Ins Co 50 Amica Way Lincoln RI XXX-XX-XXXX Form 990, Part VI, Line 9 Farmers Ins Exchange 1000 Lori Ln Phoenixville PA XXX-XX-XXXX Form 990, Part VI, Line 9 GEICO 11 Corbin Ct,R/M Opers Huntington NY XXX-XX-XXXX Form 990, Part VI, Line 9 Interinsurance Exchange of The Auto Club 5900 Baum Blvd Pittsburgh PA XXX-XX-XXXX Form 990, Part VI, Line 9 State Farm Mut Auto Ins Co 2008 Longwood Ln Bloomington IL XXX-XX-XXXX Form 990, Part VI, Line 9 Travelers Companies 1 Tower Sq,#PHXG Hartford CT XXX-XX-XXXX Form 990, Part VI, Line 9 USAA 9800 Fredericksburg Rd,H SVC W San Antonio TX XXX-XX-XXXX Form 990, Part VI, Line 9 Selective Ins Co of America 35 W Hampton Rd Philadelphia PA XXX-XX-XXXX Form 990, Part VI, Line 9 Progressive Cas Ins Co 625 Alpha Dr Highland Heights OH XXX-XX-XXXX Form 990, Part VI, Line 9 Nationwide Mut Ins Co 1 Nationwide Plaza #1-18-101 Columbus OH XXX-XX-XXXX Form 990, Part VI, Line 9 NJ Manufacturers Ins Co 102 Albemarle Rd Hamilton Square NJ XXX-XX-XXXX Form 990, Part VI, Line 9 Hanover Ins Co 440 Lincoln St #S443 Worcester MA XXX-XX-XXXX New Jersey Personal Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 223182137 Make automobile insurance available for persons unable to obtain coverage in the voluntary market. NJ 501(c)(6) n/a Virginia Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 540843888 Make automobile insurance available for persons unable to obtain coverage in the voluntary market. VA 501(c)(6) n/a Delaware Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 136194670 Make automobile insurance available for persons unable to obtain coverage in the voluntary market. DE 501(c)(6) n/a District of Columbia Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 521051263 Make automobile insurance available for persons unable to obtain coverage in the voluntary market. DC 501(c)(6) n/a Maine Automobile Insurance Plan c/o AIPSO302 Central Ave Johnston RI 02919 237174076 Make automobile insurance available for persons unable to obtain coverage in the voluntary market. ME 501(c)(6) n/a false false false false false false false false false true false false false true true false true false false