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FORM 990, SCHEDULE J, PART I, LINE 4B PETER MILLER ACCRUED A BENEFIT OF $125,000 UNDER A SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN AND THAT AMOUNT IS INCLUDED ON SCHEDULE J, PART II. FORM 990, SCHEDULE J, PART I, LINE 7 THE ORGANIZATION ACCRUES BONUSES BASED ON PERFORMANCE REVIEWS RELATED TO MEETING CERTAIN GOALS OF THE INSTITUTES. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF TRUSTEES FUNCTIONS BETWEEN MEETINGS THROUGH AN EXECUTIVE COMMITTEE WHICH HAS THE AUTHORITY TO ACT ON BEHALF OF THE BOARD IN BETWEEN MEETINGS EXCEPT THAT THE EXECUTIVE COMMITTEE DOES NOT HAVE THE POWERS TO: 1) FILL VACANCIES IN THE BOARD OF TRUSTEES; 2) ADOPT, AMEND OR REPEAL THE ARTICLES OF INCORPORATION OR BYLAWS; OR 3) AMEND OR REPEAL ANY RESOLUTIONS ADOPTED BY THE ENTIRE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A THIRD-PARTY ACCOUNTING FIRM AND REVIEWED BY MANAGEMENT AND OUTSIDE LEGAL COUNSEL. THE FORM 990 WAS PROVIDED TO THE AUDIT AND ORGANIZATION AND COMPENSATION COMMITTEES OF THE BOARD OF TRUSTEES FOR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE INSTITUTES' CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL TRUSTEES ON AN ANNUAL BASIS. TRUSTEES MUST COMPLETE AND RETURN THE DISCLOSURE FORM EACH YEAR. THE DISCLOSURE FORM IS REVIEWED BY THE CORPORATE SECRETARY FOR POTENTIAL CONFLICTS OF INTEREST. ADDITIONALLY, TRUSTEES ARE REMINDED OF THEIR DISCLOSURE OBLIGATIONS AT BOARD MEETINGS. FORM 990, PART VI SECTION B, LINES 15A AND 15B THE INSTITUTES AND ITS ORGANIZATION AND COMPENSATION COMMITTEE (THE "COMMITTEE") APPROVE EXECUTIVE STAFF COMPENSATION, PERFORMANCE MEASURES USED IN COMPENSATION PLANS, AND THE APPROPRIATE LEVELS OF EXECUTIVE REMUNERATION. THE COMMITTEE REVIEWS AND ADOPTS INNOVATIONS IN ORGANIZATION AND COMPENSATION ARRANGEMENTS AND USES INDEPENDENT, PROFESSIONAL CONSULTANTS TO SUPPORT ITS DECISIONS. COMMITTEE MEMBERS ARE NOT COMPENSATED, NOR DO THEY HAVE CONFLICTS WITH ANY TRANSACTIONS REVIEWED. ALL MEMBERS ARE SENIOR-LEVEL BUSINESS LEADERS CAPABLE OF REVIEWING AND EVALUATING COMPENSATION ARRANGEMENTS. FORM 990, PART VI, SECTION B, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, HEADING BOX C FICTITIOUS NAME REGISTRATIONS: THE INSTITUTES, AMERICAN INSTITUTE FOR CPCU, AICPCU, INSURANCE INSTITUTE OF AMERICA, IIA, INSURANCE INSTITUTE OF AMERICA, INC., AMERICAN INSTITUTE FOR PROPERTY & LIABILITY UNDERWRITERS, INC., CEU.COM, CPCU - LOMAN EDUCATION FOUNDATION, LOMAN FOUNDATION, CPCU HARRY J. LOMAN EDUCATION FOUNDATION, INSURANCE RESEARCH COUNCIL, AND IRC. FORM 990, PART XI, LINE 9 EQUITY TRANSFER TO A SUBSIDIARY: $ (19,821,458) NET UNREALIZED ACTUARIAL LOSS: (149,967) _______________ $ (19,971,425) SUGARTOWN HOLDINGS LLC 720 PROVIDENCE ROAD MALVERN PA 19355 201997621 HOLDING CO. 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