2025-08-29T07:28:31-05:00 2024-12-31 351178661 BLUE & CO LLC 500 N MERIDIAN ST SUITE 200 INDIANAPOLIS IN 46204 990 2024-01-01 363678111 NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS INC NATI 3174648199 300 N MERIDIAN STREET 1020 INDIANAPOLIS IN 46204 ROGER H SCHMELZER PRESIDENT, CEO 3174648199 2025-08-29 1 1 TYLER K GREENE CPA P00057872 3176334705 2025-08-29 2024 2025-03-06 01:10:19Z ROGER H SCHMELZER 300 N MERIDIAN STREET 1020 INDIANAPOLIS IN 46204 5169980 0 X WWW.NCIGF.ORG X 1989 IL NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS (NCIGF) ASSISTS PROPERTY AND CASUALTY GUARANTY FUNDS 20 20 19 24 0 0 0 0 4605207 4825831 156711 344149 0 0 4761918 5169980 0 0 0 0 2287058 2422483 0 0 0 2186463 2215195 4473521 4637678 288397 532302 5780441 6416137 1108807 1100928 4671634 5315209 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 2024 SERVICE ACCOMPLISHMENTS HIGHLIGHTS.HIGHLIGHTS OF OUR 2024 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.FURTHER IMPLEMENTATION OF THE PRE-LIQUIDATION FRAMEWORKNCIGF AND GUARANTY FUND EXECUTIVES SUCCESSFULLY ADVANCED THE APPLICATION OF NAIC TOOLS AND HANDBOOKS TO PROMOTE THE PRE-LIQUIDATION PLANNING (PLP) FRAMEWORK. THIS INITIATIVE INCREASED AWARENESS OF AVAILABLE TOOLS AND STRENGTHENED OUTREACH EFFORTS AMONG RECEIVERS AND REGULATORS.KEY MILESTONES INCLUDED:- REGULATOR TABLETOP EXERCISE HELD ON FEBRUARY 10, 2024, AT THE AMELIA ISLAND COMMISSIONERS CONFERENCE, ENGAGING APPROXIMATELY 110 PARTICIPANTS FROM ALL STATES.- RFAWG PRESENTATION- ANALYSIS OF THE SIX INSOLVENCIES THAT OCCURRED IN 2023 WITH A FOCUS ON DATA PLANNING EFFORTS AND LESSONS LEARNED. - AIRROC PRESENTATION PROMOTING THE PRE-LIQUIDATION PLANNING MESSAGE, ALONG WITH STATUTORY REVISIONS TO THE RUN-OFF INDUSTRY.O NCIGF PRESENTATION ON NAIC-APPROVED INITIATIVES EDUCATING STAKEHOLDERS ON REGULATORY CHANGES IMPACTING STATE GUARANTY FUNDS.IN 2024, NCIGF PRIORITIZED STAKEHOLDER EDUCATION TO ENSURE WIDESPREAD AWARENESS OF NAIC TOOLS AVAILABLE FOR ADDRESSING PLP. EFFORTS WERE FOCUSED ON EFFECTIVELY COMMUNICATING THIS MESSAGE TO INDUSTRY PROFESSIONALS, REGULATORS AND RECEIVERS. LOOKING AHEAD TO 2025, NCIGF WILL CONTINUE TO ADVANCE THIS INITIATIVE WITH A STRONG EMPHASIS ON OPERATIONALIZING ITS MESSAGING TO FURTHER INTEGRATE PLP STRATEGIES INTO INDUSTRY AND REGULATOR PRACTICES.NCIGF DATA HUB (FORMERLY THE REVERSE DATA MAPPER)|THIS MULTI-PHASE PROJECT FOCUSES ON PROCESS CONSOLIDATION AND EASE OF USE, DATA-RELATED NOTIFICATIONS AND TASKS, AND DATA COLLECTION TO SUPPORT NCIGF PUBLIC POLICY INITIATIVES. IN 2024, NCIGF COMPLETED THE FIRST PHASE, WHICH INVOLVED COLLECTING UDS C AND D FILES. IN 2025, WE WILL ROLL OUT MORE FUNCTIONALITY TO FACILITATE ROUTINE DATA TRANSFER TASKS WITHIN THE RESOLUTION COMMUNITY.TRANSFERRING GF DATA TO INSURANCE RECEIVERSEARLY IN 2024, NCIGF COORDINATED OUTREACH TO COMMERCIAL DOCUMENT MANAGEMENT SYSTEM VENDORS USED BY NCIGF MEMBERS TO ENHANCE THE SUDS PLATFORM AND FACILITATE THE TRANSFER OF CLAIMS-RELATED DOCUMENTS TO RECEIVERS. UDS I RECORDS AND THEIR ASSOCIATED FILES ARE NOW TRANSMITTED TO THE CORRECT DESTINATION AUTOMATICALLY.UDS DATA VALIDATORNCIGF UPGRADED ITS UDS DATA MAPPER UTILITY TO BETTER IDENTIFY ERRORS UPSTREAM FROM GUARANTY FUNDS FOR FASTER RESOLUTION. 22 NEW VALIDATION CHECKS WERE ADDED IN 2024. THE TROUBLESHOOTING AND ERROR CORRECTION EXPERIENCE WAS IMPROVED, AND A COMPLETE LISTING OF ALL VALIDATION CHECKS PERFORMED BY THE UDS DATA MAPPER WAS MADE AVAILABLE AT WWW.GUARANTYSUPPORT.COM.ENTERPRISE RISK MANAGEMENTNCIGF BOOSTED ITS ENTERPRISE RISK ASSESSMENT BY IMPLEMENTING A COMPREHENSIVE FRAMEWORK DESIGNED TO SAFEGUARD ORGANIZATIONAL OPERATIONS AND OBJECTIVES. THIS PROGRESS WAS DRIVEN BY A THOROUGH REVIEW OF POTENTIAL RISKS AND THEIR IMPACT ON ORGANIZATIONAL OPERATIONS, ALONGSIDE THE REINFORCEMENT AND DOCUMENTATION OF RISK EVALUATION TO ENSURE PROACTIVE MITIGATION STRATEGIES. ADDITIONALLY, POLICIES AND PROCEDURES HAVE BEEN UPDATED TO ALIGN WITH EVOLVING GOVERNANCE, SECURITY, AND OPERATIONAL BEST PRACTICES. NCIGF 'S RESILIENCE IS STRONGER ACROSS MULTIPLE RISK CATEGORIES INCLUDING INDUSTRY, ENVIRONMENTAL, LEGAL, PEOPLE, TECHNOLOGICAL, AND FINANCE AND IS BETTER POSITIONED TO ACHIEVE GREATER OPERATIONAL EFFICIENCY, MAINTAIN COMPLIANCE, AND ENSURE LONG-TERM STABILITY. WITH THIS REFINED APPROACH, OVERVIEW OF AN INSOLVENCYTO FURTHER STRENGTHEN THE NCIGF MISSION, THE TEAM RECOGNIZED AN OPPORTUNITY TO INCREASE THE UNDERSTANDING OF THE INSOLVENCY PROCESS FOR NCIGF BOARD MEMBERS. THE NCIGF LEGAL TEAM CREATED AN EDUCATIONAL PRESENTATION THAT TRANSFORMED A COMPLEX TOPIC INTO AN INFORMATIVE NARRATIVE, THAT OUTLINED THE LIFECYCLE OF AN INSURANCE COMPANY THROUGH THE INSOLVENCY PROCESS.INSOLVENCY DATA EXPLAINERTHROUGH ITS SUBSIDIARY, GSI, NCIGF PUBLISHED "INSOLVENCY DATA PROCESSING: A GUIDE FOR INSURANCE IT PROFESSIONALS", TO PROVIDE A PLAIN-ENGLISH GUIDE FOR IT STAFF UNFAMILIAR WITH INSOLVENCY DATA TRANSFER. THE PUBLICATION INCLUDES ROLES AND RESPONSIBILITIES, A FULL EXPLANATION OF UDS WITH REFERENCES, AND A GLOSSARY OF RELATED TERMS. A DOWNLOADABLE PDF AND AUDIO SUMMARY ARE ALSO INCLUDED.STAKEHOLDER FEEDBACK & STRATEGY SESSIONNCIGF HOSTED A HIGH-LEVEL GATHERING OF POLICYMAKERS, INDUSTRY LEADERS, P&C TRADE ASSOCIATIONS, AND GUARANTY FUND PROFESSIONALS TO REINFORCE THE MISSION AND STRATEGIC DIRECTION OF THE PROPERTY AND CASUALTY GUARANTY FUND SYSTEM. THIS SESSION PLAYED A CRITICAL ROLE IN STRENGTHENING STAKEHOLDER ALIGNMENT AND SECURING SUPPORT FOR ONGOING AND FUTURE INITIATIVES BY PROMOTING A UNIFIED APPROACH TO GUARANTY FUND PRIORITIES. PARTICIPANTS REAFFIRMED THEIR COMMITMENT TO NCIGF'S MISSION AND VISION, ENSURING THAT INDUSTRY PROFESSIONALS AND POLICYMAKERS REMAIN FULLY ENGAGED WITH ITS STRATEGIC DIRECTION. THE SESSION ALSO HELPED SECURE SUPPORT FOR UPCOMING INITIATIVES FOCUSED ON IMPROVING THE READINESS AND EFFECTIVENESS OF THE GUARANTY FUND SYSTEM. BY FACILITATING ENGAGEMENT AND COLLABORATION, NCIGF CONTINUES TO LEAD EFFORTS IN THE POLICYHOLDER PROTECTION SPACE. 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 0 0 0 0 0 0 0 0 1 0 0 1 17 0 1 19 1 0 0 0 0 0 0 0 0 X 20 20 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-TERM ENDED 11/24 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-TERM ENDED 2/24 1.00 0.00 X 0 0 0 KATIE EVANS DIRECTOR 1.00 0.00 X 0 0 0 BONNY GORDON DIRECTOR-TERM ENDED 8/24 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-TERM ENDED 5/24 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 KIM DECKER DIRECTOR 1.00 0.00 X 0 0 0 PATRICK FOLTYN DIRECTOR-TERM STARTED 2/24 1.00 0.00 X 0 0 0 SAMANTHA FREEDMAN DIRECTOR-TERM STARTED 8/24 1.00 0.00 X 0 0 0 TRACI SMITH DIRECTOR-TERM STARTED 11/24 1.00 0.00 X 0 0 0 ELISE SPRIGGS DIRECTOR-TERM STARTED 5/24 1.00 0.00 X 0 0 0 ROGER H SCHMELZER PRESIDENT, CEO 40.00 0.00 X 563135 0 39026 ASHLEY ROSENBERGER SR. LEGAL COUNSEL & CORP.S 40.00 0.00 X 173906 0 24202 MIKE ULMER V.P. TECHNOLOGY SERVICES A 40.00 0.00 X 249617 0 25628 NATHANIEL JENNINGS PROGRAM ANALYST 40.00 0.00 X 109528 0 12132 RICHARD MINNIEAR PROGRAM ANALYST 40.00 0.00 X 135182 0 23762 1231368 0 124750 5 0 1 0 FAEGRE DRINKER BIDDLE & REATH 300 N MERIDIAN ST INDIANAPOLIS IN 46204 FEDERAL EDUCATION SERVICES 393439 LOCKE LORD LLP 24259 NETWORK PL CHICAGO IL 60673 LEGAL INSOLVENCY SUPPORT 197334 BARBARA COX LLC 106 STONERS CIRCLE LITTLETOWN PA 17340 LEGAL CONSULTING SERVICES 134579 3 MEMBERSHIP DUES 900099 4654903 4654903 WORKSHOP REGISTRATION 900099 170928 170928 4825831 344149 344149 5169980 4825831 0 344149 1075512 874266 138871 195707 138127 890995 252472 139775 95595 115633 169607 391526 27276 47214 DUES & SUBSCRIPTIONS 73082 BANK AND CREDIT CARD FE 10520 FEDERAL PROXY TAX 1500 4637678 250 250 3932018 730022 81960 47352 174121 106886 306239 247438 74467 58801 309016 3765000 1208609 1707826 5780441 6416137 195553 248426 913254 852502 1108807 1100928 X 4671634 5315209 4671634 5315209 5780441 6416137 X 532302 2495 108778 X X 0 1 X 1 0 0 0 0 4654903 2533 2533 2533 306239 247438 58801 58801 INVESTMENT IN GSI 310956 SECURITY DEPOSITS 37363 RIGHT OF USE ASSETS 462366 PENSION ASSET 897141 1707826 9289 DEFERRED COMPENSATION 357232 LEASE LIABILITIES 485981 852502 X 5281253 2495 108778 111273 5169980 0 5169980 4637678 0 4637678 0 4637678 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, 2024 AND 2023, 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, 2023. 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 108,778. X X X X 0 0 0 ROGER H SCHMELZER PRESIDENT, CEO 327552 0 200850 0 34733 0 15525 0 23501 0 602161 0 0 0 MIKE ULMER V.P. TECHNOLOGY SERVICES A 194689 0 51427 0 3501 0 11530 0 14098 0 275245 0 0 0 ASHLEY ROSENBERGER SR. LEGAL COUNSEL & CORP.S 145311 0 28000 0 595 0 8032 0 16170 0 198108 0 0 0 RICHARD MINNIEAR PROGRAM ANALYST 121466 0 12360 0 1356 0 6346 0 17416 0 158944 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 108,778. 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 757218 377808 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