2021-11-09T16:09:04-06:00 2020-12-31 351178661 BLUE & CO LLC 500 N MERIDIAN ST SUITE 200 INDIANAPOLIS IN 46204 990 2020-01-01 363678111 NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS INC NATI 3174648192 300 N MERIDIAN STREET NO 1020 INDIANAPOLIS IN 46204 AMY J CLARK CFO 3174648192 2021-11-09 1 AMY CLARK 999009999 ANGELA N CRAWFORD CPA P00573197 3176334705 2021-11-09 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z AMY J CLARK 300 N MERIDIAN STREET NO 1020 INDIANAPOLIS IN 46204 3982049 0 X WWW.NCIGF.ORG X 1989 IL NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS (NCIGF) ASSISTS PROPERTY AND CASUALTY GUARANTY FUNDS 21 21 16 0 0 0 0 0 4012927 3892784 110565 89265 0 0 4123492 3982049 0 0 0 0 1719203 1929725 0 0 0 1891699 1420415 3610902 3350140 512590 631909 3668587 4179609 1317537 1388465 2351050 2791144 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 2020 SERVICE ACCOMPLISHMENTS HIGHLIGHTS.HIGHLIGHTS OF OUR 2020 ACCOMPLISHMENTS INCLUDE:1) RESPONSE TO COVID-19IN RESPONSE TO COVID-19, NCIGF INITIATED A SERIES OF "IN-SERVICE" VIDEO CONFERENCES FOR GUARANTY FUNDS ON MATTERS RELATED TO THE VIRUS AND ITS IMPACT ON MEMBER GUARANTY FUNDS. THIS WAS EXPANDED TO A FULL EDUCATIONAL SERIES FOR MEMBERS, ESPECIALLY IMPORTANT AS ALL IN-PERSON MEETINGS AND EVENTS WERE CANCELLED FOR 2020. BECAUSE OF PROPER PLANNING AND CONTRACT REVIEW, NCIGF, IN SERVICE TO ITS MEMBERS, WAS ABLE TO MINIMIZE FINANCIAL LOSS, HAVING ALREADY POSITIONED HOTEL CONTRACTS WITH FORCE MAJEURE CLAUSES AND OTHER PROTECTIVE LANGUAGE. VALUED PARTNERSHIPS AND GOOD WILL NEGOTIATIONS WITH VENUES, ALONG WITH A STRATEGY OF MONITORING LOCAL AND STATE COVID-19 REGULATIONS WITH THE TIMING OF CANCELLATION TRIGGERING FORCE MAJEURE CONDITIONS, AND IN A FEW CASES RE-SCHEDULING AN EVENT TO A FUTURE YEAR, ENABLED NCIGF TO AVOID PAYING SIZEABLE (UNBUDGETED) CANCELLATION PENALTIES ANYWHERE FROM 40% TO 80% OF ANTICIPATED HOTEL REVENUE.2) SUBSIDIARY GROWTHNCIGF'S SUBSIDIARY, GSI, CONTINUED TO EXPAND ITS PORTFOLIO OF CLIENTS IN 2020. THE BULK OF GSI'S TIME HAS BEEN DEDICATED TO INSOLVENCY DATA MANAGEMENT SERVICES, WORKING WITH RECEIVERSHIPS IN 4 STATES TO DELIVER ESSENTIAL RECORDS TO THE GUARANTY FUNDS. MORE STATES HAVE IMPLEMENTED A CUSTOM-DEVELOPED VOTING APPLICATION TO ASSIST GUARANTY FUNDS WITH THEIR BOARD VOTING PROCESS. 3) NCIGF PUBLIC POLICY EFFORTSIN 2020, NCIGF COLLABORATED WITH NAIC (LARGE DEDUCTIBLE WORKING GROUP AND RECEIVERSHIP AND INSOLVENCY TASK FORCE) TO ACHIEVE ADDING LANGUAGE TO THE RECEIVER'S HANDBOOK THAT STATES THE LARGE DEDUCTIBLE ASSET WILL INURE 100 PERCENT TO THE STATE GUARANTY FUND TO THE EXTENT OF THEIR CLAIM PAYMENTS. THIS HAS BEEN THE GUARANTY FUND POSITION SINCE THESE PRODUCTS BEGAN TO EMERGE IN LIQUIDATIONS NEARLY 20 YEARS AGO. 4) NCIGF NEW BOARD MEMBER MENTOR PROGRAMWITH SEVERAL NEW NCIGF BOARD MEMBERS VOTED IN FOR 2020, NCIGF DEVELOPED A PARTNERSHIP PLAN, LINKING TENURED BOARD MEMBERS WITH THOSE WHO ARE NEWER, PAVING THE WAY FOR IMPORTANT ACCOMPLISHMENTS THROUGHOUT THE YEAR. THIS INITIATIVE WILL ALSO HELP PREPARE BOARD MEMBERS FOR A SEAMLESS TRANSITION TO IN-PERSON MEETINGS WHEN THOSE CAN SAFELY TAKE PLACE.5) UPDATING THE MEMBERS' SITE FOR OPTIMAL ENGAGEMENTNCIGF CONTINUED TO WORK ON INCREASED TRANSPARENCY THROUGHOUT 2020 BY ESTABLISHING A NEW FORUM ON THE MEMBER'S SITE TO PROVIDE A DEDICATED CHANNEL FOR MEMBERS TO PROPOSE IDEAS TO THE NCIGF AND HAVE THOSE IDEAS DISCUSSED BY OTHER MEMBERS AND STAFF. AFTER GAINING FEEDBACK FROM MANAGERS ACROSS THE COUNTRY, COUNTLESS OTHER UPDATES HAVE BEEN IMPLEMENTED AS WELL, WHICH LAUNCHED NEW CONVERSATIONS, CONNECTIONS, SHARED PROJECT SPACES AND AN OVERALL SENSE THAT THE SITE IS THE GO-TO LOCATION FOR NEWS AND INFORMATION FOR NCIGF MEMBERS, MANAGERS AND STAFF.6) COMMITTEE STRUCTUREIN 2020 NCIGF IMPLEMENTED A NEW COMMITTEE STRUCTURE. HEAVILY VETTED WITH SEVERAL COMMUNICATION OUTREACHES ASKING FOR FEEDBACK FROM THE COMMUNITY, PHASE ONE WAS THE ADOPTION OF A BOARD-RECOMMENDED AMENDMENT TO THE BYLAWS TO CREATE MORE FLEXIBILITY IN THE BOARD MANAGEMENT OF ITS COMMITTEES. PHASE TWO WILL INCLUDE MEMBER COMMUNICATION/EDUCATION AND OPERATION OF THE NEW COMMITTEE STRUCTURE BY Q2 2021.7) NCIGF ACCOUNTING MANUAL UPDATEIN 2020 NCIGF PUBLISHED AN UPDATE TO THE ACCOUNTING GUIDELINES MANUAL ("MANUAL"). MANAGED BY MEMBERS OF THE ACCOUNTING ISSUES COMMITTEE, THE MANUAL IS INTENDED TO PROVIDE ACCOUNTING GUIDELINES THAT ARE GENERAL IN NATURE. THE MANUAL IS ORGANIZED AROUND THE CONCEPT OF "CYCLES" THAT EXIST WITHIN THE OPERATIONS OF GUARANTY FUNDS. SOME OF THE CYCLES ARE READILY RECOGNIZABLE BY THE ACCOUNTING COMMUNITY WHILE OTHER CYCLES ARE SPECIFIC TO THE UNIQUE ASPECTS OF GUARANTY FUND OPERATIONS. 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 21 0 1 16 1 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 IN X AMY J CLARK 3174648192 300 N MERIDIAN STREET NO 1020 INDIANAPOLIS IN 46204 D KEITH BELL CHAIR 1.00 X X 0 0 0 CHAD ANDERSON VICE CHAIR 1.00 X X 0 0 0 JENNY ANZALONE-ACKLEY DIRECTOR-TERM BEGAN 2/20 1.00 X 0 0 0 AMANDA BARBERA DIRECTOR 1.00 X 0 0 0 MICHAEL BOGE DIRECTOR 1.00 X 0 0 0 KATIE EVANS DIRECTOR-TERM BEGAN 4/20 1.00 X 0 0 0 J SMITH HARRISON DIRECTOR 1.00 X 0 0 0 LARRY E HINTON DIRECTOR 1.00 X 0 0 0 BARBARA LAW DIRECTOR-TERM BEGAN 2/20 1.00 X 0 0 0 WILLIAM LYNCH DIRECTOR-TERM BEGAN 8/20 1.00 X 0 0 0 JOYCE HALL MELLINGER DIRECTOR 1.00 X 0 0 0 DAVID NADIG DIRECTOR-TERM BEGAN 4/20 1.00 X 0 0 0 CHRISTOPHER P ROE DIRECTOR 1.00 X 0 0 0 BRADLEY A ROEBER DIRECTOR 1.00 X 0 0 0 ARTHUR M RUSSELL DIRECTOR 1.00 X 0 0 0 TIMOTHY M SCHOTKE DIRECTOR 1.00 X 0 0 0 JOSEPH TORTI DIRECTOR 1.00 X 0 0 0 JOHN C WELLS DIRECTOR 1.00 X 0 0 0 CHAD WILSON DIRECTOR-TERM BEGAN 4/20 1.00 X 0 0 0 JEFF ALTON DIRECTOR-TERM ENDED 8/20 1.00 X 0 0 0 MARIA DOUGHTY DIRECTOR-TERM ENDED 2/20 1.00 X 0 0 0 BRANDON E LASALLE DIRECTOR-TERM ENDED 2/20 1.00 X 0 0 0 CINA D WELCH DIRECTOR-TERM ENDED 4/20 1.00 X 0 0 0 ROGER H SCHMELZER PRESIDENT, CEO 40.00 X 400153 0 38145 ANDREW D HOLLADAY V.P., CIO-TERM ENDED 2/20 40.00 X 48945 0 5584 AMY J CLARK V.P., CFO 40.00 X 181418 0 17574 JOHN BLATT CHIEF LEGAL COUNSEL&CORP. 40.00 X 190754 0 27802 JEREMY SEBRING PROGRAM ANALYST 40.00 X 105651 0 9747 926921 0 98852 4 0 1 0 FAEGRE BAKER DANIELS 300 N MERIDIAN ST INDIANAPOLIS IN 46204 FEDERAL EDUCATION SERVICES 317137 BARBARA COX LLC 19024 WIMBLEY WAY NOBLESVILLE IN 46060 LEGAL CONSULTING SERVICES 183473 LOCKE LORD LLP 111 S WACKER DR CHICAGO IL 60606 LEGAL CONSULTING SERVICES 136735 3 MEMBERSHIP DUES & ASSE 900099 3892784 3892784 3892784 89265 89265 3982049 3892784 0 89265 910375 569265 180236 168302 101547 691621 76700 67206 68987 112524 119954 44020 68452 24740 76993 DUES & SUB. 67642 FEDERAL PROXY TAX 1576 3350140 250 250 3092060 3486248 137161 85780 20916 106094 188749 114348 71699 74401 203021 240348 143480 186488 3668587 4179609 196569 413211 147495 0 973473 975254 1317537 1388465 X 2351050 2791144 2351050 2791144 3668587 4179609 X 631909 -191815 X X 0 1 X 1 0 0 0 0 4170784 102 102 102 188749 114348 74401 74401 DEFERRED COMPENSATION 240348 PENSION LONG TERM LIABILITY 734906 975254 X 3790234 -191815 -191815 3982049 0 3982049 3350140 0 3350140 0 3350140 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. THE PROXY TAX EXPENSE WAS APPROXIMATELY $21* AND $1,499* FOR 2020 AND 2019, RESPECTIVELY. 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, 2020 AND 2019, 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, 2019. 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). *AMOUNTS HAVE BEEN EDITED TO REFLECT ACTUAL EXPENSES AS REPORTED ON FORM 990T PART XI, LINE 2D - OTHER ADJUSTMENTS: OTHER PENSION RELATED CHANGES -191,815. X X X X 0 0 0 ROGER H SCHMELZER PRESIDENT, CEO 261338 0 111458 0 27357 0 12825 0 25320 0 438298 0 0 0 JOHN BLATT CHIEF LEGAL COUNSEL&CORP. 143344 0 46700 0 710 0 7618 0 20184 0 218556 0 0 0 AMY J CLARK V.P., CFO 145925 0 33934 0 1559 0 7668 0 9906 0 198992 0 0 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 -191,815. FORM 990, PART XI, LINE 2C, OVERSIGHT OF AUDIT: THE AUDIT COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT; AND, NO PROCESSES HAVE 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 434047 194497 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