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        <ExplanationTxt>INDEPENDENT AGENTS ASSOCIATION EXECUTIVES, INC. HAS DELEGATED DAY TO DAY MANAGEMENT OF THE ORGANIZATION'S AFFAIRS TO THE HARRINGTON COMPANY, A PROFESSIONAL BUSINESS AND TRADE ASSOCIATION MANAGEMENT COMPANY.</ExplanationTxt>
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        <ExplanationTxt>THE ELECTION OF THE OFFICERS OF THIS ASSOCIATION SHALL TAKE PLACE AT THE ANNUAL MEETING. AT LEAST (120) DAYS BEFORE THE ANNUAL MEETING THE PRESIDENT SHALL APPOINT A NOMINATING COMMITTEE TO CONSIST OF THE THREE MOST RECENTLY SERVING PRESIDENTS OF THE ASSOCIATION. THE CHAIRMAN OF THE NOMINATING COMMITTEE WILL BE THE THEN-SERVING IMMEDIATE PAST PRESIDENT. SHOULD ANY OF THE TREE MOST RECENTLY SERVING PRESIDENTS OF THE ASSOCIATION NOT BE IN A POSITION TO SERVE, THE VACANCY WILL BE FILLED BY AN APPOINTMENT BY THE PRESIDENT. A REPORT OF THE NOMINATING COMMITTEE WILL BE PRESENTED AT THE ANNUAL MEETNG. NOMINATIONS IN ADDITION TO THOSE MADE IN ACCORDANCE WITH THIS ARTICLE MAY BE MADE AT THE ANNUAL MEETING. THE OFFICERS OF THIS ASSOCIATION SHALL BE ELECTED AT EACH ANNUAL MEETING BY MAJORITY VOTE OF THOSE MEMBERS PRESENT AND VOTING, AND SHALL SERVE UNTIL THE NEXT ANNUAL MEETING.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>ANY POSSIBLE CONFLICT OF INTEREST WILL BE DISCLOSED AND MADE A MATTER OF RECORD WHEN THE INTEREST BECOMES SUBJECT TO AND REQUIRES SOME ACTION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE MANAGEMENT CONTRACT. INDUSTRY GUIDES ARE UTILILZED IN THE DISCUSSION.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>ALL DOCUMENTS ARE AVAILABLE AT THE ASSOCIATION'S OFFICES UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>