2018-10-12T10:48:12-05:00 2017-12-31 351178661 BLUE & CO LLC 500 N MERIDIAN ST SUITE 200 INDIANAPOLIS IN 46204 990 2017-01-01 363678111 NATIONAL CONFERENCE OF INSURANCE GUARANTY FUNDS INC NATI 3174648192 300 N MERIDIAN STREET NO 1020 INDIANAPOLIS IN 46204 AMY J CLARK CFO 3174648192 2018-10-11 1 ANGELA N CRAWFORD CPA P00573197 3176334705 2018-10-11 71.46.95.248 2018-10-11 13:02:07 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 38D9E49CC0CA71BE8938C550DFC6219FF2DB8390 2017 2018-06-14 16:35:46Z AMY J CLARK 300 N MERIDIAN STREET NO 1020 INDIANAPOLIS IN 46204 3875786 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 3916639 3837127 21614 38659 0 0 3938253 3875786 0 0 0 0 1873526 2136131 0 0 0 1708883 1537802 3582409 3673933 355844 201853 3219922 7551595 1721730 5908676 1498192 1642919 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 LEAGUE 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 GUARANTY FUNDS. THE NCIGF ALSO ASSIST PROPERTY AND CASUALTY GUARANTY FUNDS BY PROVIDING THEM WITH CURRENT LEGISLATIVE INFORMATION AND EDUCATIONAL TRAINING OPPORTUNITIES.SEE SCHEDULE O FOR 2017 SERVICE ACCOMPLISHMENTS HIGHLIGHTS.HIGHLIGHTS OF OUR 2017 ACCOMPLISHMENTS INCLUDE:1) NCIGF CONTINUES WORK ON RESOLUTION MONITORING PANEL AT NAICTHROUGHOUT 2017, THE NCIGF AND ITS LIFE AND HEALTH COUNTERPART NOLHGA CONTINUED PARTICIPATION WITH THE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS' (NAIC) RECEIVERSHIP FINANCIAL ANALYSIS WORKING GROUP (RFAWG). THE ALLIANCE ENABLES THE NCIGF TO FOSTER PRODUCTIVE AND COOPERATIVE RELATIONSHIPS WITH INSURANCE RECEIVERS AND BRINGS GUARANTY FUND PARTICIPATION TO THE RFAWG TABLE.2) NCIGF EDUCATES INTERNATIONAL STAKEHOLDERS ON U.S. INSURANCE RESOLUTION STRATEGIES2017 WAS AN ACTIVE YEAR FOR THE NCIGF WITH ITS ENGAGEMENT IN, AND INPUT TO, INTERNATIONAL REGULATORY ISSUES AND ACTIVITIES. IN JANUARY, NCIGF PRESIDENT ROGER SCHMELZER JOINED PETER GALLANIS, PRESIDENT OF THE NATIONAL ORGANIZATION OF LIFE & HEALTH INSURANCE GUARANTY ASSOCIATION (NOLHGA) AND OTHER INTERNATIONAL INDUSTRY REPRESENTATIVES FOR A STAKEHOLDER MEETING IN BASEL, SWITZERLAND. THE MEETING PROVIDED A UNIQUE OPPORTUNITY FOR THE NCIGF AND NOLHGA TO SHARE INFORMATION WITH INTERNATIONAL STAKEHOLDERS ABOUT POLICYHOLDER PROTECTION MECHANISMS. THE GROUPS ADDRESSED QUESTIONS ABOUT THE STRUCTURE, STAFFING AND LEGAL AUTHORITY OF THESE MECHANISMS AND LAID A GOOD FOUNDATIONAL UNDERSTANDING OF THE INSURANCE RESOLUTION SYSTEM IN THE U.S. IN MARCH, THE INTERNATIONAL ASSOCIATION OF INSURANCE SUPERVISORS (IAIS) RELEASED FOR PUBLIC COMMENT CERTAIN REVISED INSURANCE CORE PRINCIPLES (ICPS). THE DOCUMENT REFLECTED VIEWS THE NCIGF AND NOLHGA HAD STRESSED TO THE IAIS AND THE FINANCIAL STABILITY BOARD RELATED TO THE PRIMACY OF POLICYHOLDER PROTECTION AND THE IMPORTANCE OF PRE-INSOLVENCY COOPERATION AND COLLABORATION BETWEEN THE GUARANTY SYSTEM AND RECEIVERS. THE DOCUMENT WAS RELEASED ONLY WEEKS AFTER THE PRESENTATION THE NCIGF AND NOLHGA MADE TO STAKEHOLDERS IN BASEL, SWITZERLAND AS PART OF A DELEGATION REPRESENTING THE INTERNATIONAL FORUM OF INSURANCE GUARANTEE SCHEMES (IFIGS). IT SHOWED THE IMPRINT OF THE ORGANIZATIONS' EDUCATIONAL EFFORTS.THE NCIGF'S ENGAGEMENT WITH INTERNATIONAL STANDARD-SETTING BODIES IS HELPING TO ENSURE THAT RESOLUTION POLICY DECISIONS CONSIDER THE STRENGTH AND SUCCESS OF THE U.S. RESOLUTION SYSTEM. THE ORGANIZATION'S WORK ALSO EDUCATES INTERNATIONAL STAKEHOLDERS ABOUT THE MERITS OF THE RESOLUTION MECHANISMS EMBEDDED IN ESTABLISHED U.S. PUBLIC POLICY.3) 2017 GUARANTY FUND LEADERSHIP STAKEHOLDERS MEETINGTHE NCIGF HOSTED THE 2017 LEADERSHIP STRATEGY MEETINGS IN JUNE. THESE MEETINGS, WHICH THE ORGANIZATION HAS HELD FOR THE PAST TWO YEARS, DREW INDUSTRY AND TRADE REPRESENTATIVES TO DISCUSS HOW TO BEST REFINE AND COORDINATE PUBLIC POLICY STRATEGY RELATING TO CRITICAL GUARANTY FUND AND RESOLUTION ISSUES. THE MEETING INCLUDED A SESSION WITH PROFESSIONAL STAFF OF THE HOUSE COMMITTEE ON FINANCIAL SERVICES REGARDING THE STATE OF PLAY ON LEGISLATION, THE ANTICIPATED FUTURE DIRECTION OF INSURANCE MATTERS, AND CONFIRMED INDUSTRY SUPPORT OF NCIGF ENGAGEMENT ON PUBLIC POLICY ISSUES. PARTICIPANTS CONCLUDED THE NCIGF'S PUBLIC POLICY EFFORTS SHOULD CONTINUE TO FOCUS ON ISSUES IMPACTING THE GUARANTY SYSTEM'S CORE MISSION OF POLICYHOLDER PROTECTION, ESPECIALLY THOSE BEST ADDRESSED BY THE GUARANTY FUND SYSTEM'S SPECIAL EXPERTISE.4) NCIGF TOWN HALL TELECONFERENCETHE NCIGF HELD THE 2017 TOWN HALL TELECONFERENCE FOR THE PROPERTY AND CASUALTY GUARANTY FUND COMMUNITY IN SEPTEMBER. MORE THAN 50 NCIGF MEMBER MANAGERS AND STAFF PARTICIPATED IN THE WEBINAR. THE TOWN HALLS, WHICH ARE PLANNED BY A WORKGROUP OF THE NCIGF COMMUNICATIONS COMMITTEE, WILL CONTINUE IN 2018.5) UDS DATA MAPPER AS 2017 DREW TO A CLOSE, THE UDS DATA MAPPER HAD PROCESSED OVER 75 MILLION UDS RECORDS SINCE IT FIRST WENT ONLINE IN 2011. THIS PROPRIETARY UTILITY, WHICH WAS DEVELOPED BY THE NCIGF AND IS NOW ADMINISTERED BY OUR GUARANTY SUPPORT INC. (GSI) SUBSIDIARY, GIVES RECEIVERS AND LIQUIDATORS A WAY TO EASILY, QUICKLY AND INEXPENSIVELY CONVERT DIGITAL DATA INTO THE UDS FORMAT. UNIFORM DATA STANDARDS IS AN ELECTRONIC COMMUNICATION PROTOCOL THAT USES A SERIES OF DEFINED COMPUTER FILE FORMATS TO ELECTRONICALLY REPORT INSOLVENCY-RELATED CLAIMS AND FINANCIAL RECORDS BETWEEN RECEIVERS AND GUARANTY FUNDS.THE UDS DATA MAPPER IS A WEB-BASED APPLICATION THAT ASSISTS LIQUIDATORS IN EXTRACTING, MAPPING AND CONVERTING CLAIMS DATA INTO UDS FOR USE WITH ANY LIQUIDATION. THE UDS DATA MAPPER MINIMIZES DELAYS AND COSTS ASSOCIATED WITH DATA CONVERSIONS, AND HELPS RECEIVERS IDENTIFY EARLY POSSIBLE DATA ISSUES. OVER THE YEARS, THE APPLICATION HAS BECOME A WELCOMED AND POPULAR SOLUTION, ESPECIALLY FOR RECEIVERSHIPS THAT HAVE LIMITED IT RESOURCES AND ON-STAFF UDS EXPERTISE, OR THAT LACK RESOURCES TO RETAIN OUTSIDE UDS CONSULTANTS.6) REVERSE DATA MAPPERBY THE END OF 2017, THE REVERSE DATA MAPPER PROGRAM HAD SUCCESSFULLY COLLECTED DATA FROM MOST STATES. THE NCIGF WILL CONTINUE EFFORTS TO COLLECT DATA FROM THOSE STATES THAT HAVE YET TO PROVIDE IT. DEVELOPED BY THE NCIGF AND ITS ACCOUNTING ISSUES COMMITTEE IN 2014, THE REVERSE DATA MAPPER COLLECTS AND EXTRACTS, ORGANIZES AND AGGREGATES UDS DATA, ENABLING THE NCIGF TO EFFICIENTLY SOLICIT DATA REQUESTS AND PROCESS NEEDED DATA TO SUPPORT A VARIETY OF REPORTING NEEDS, INCLUDING INSOLVENCY-RELATED FINANCIAL INFORMATION, EXPENSE REVIEW STUDIES, AND POLICYMAKER FEDERAL DATA REQUESTS THROUGH A SINGLE ANNUAL REQUEST. THE UTILITY ALSO GIVES MEMBER GUARANTY FUNDS AND THE NCIGF COMPREHENSIVE AND CURRENT AGGREGATED INSOLVENCY INFORMATION THAT UNTIL RECENTLY ONLY RESIDED WITH THE RECEIVERS.7) ASSESSMENT LIABILITY REPORTINGIN 2017, THE NCIGF COMPILED QUARTERLY ASSESSMENT INFORMATION COLLECTED FROM GUARANTY FUNDS AND POSTED THE QUARTERLY ASSESSMENT LIABILITY REPORT TO THE NCIGF WEB SITE. THE ASSESSMENT LIABILITY REPORT HAS BEEN IDENTIFIED AS A SIGNIFICANT SERVICE TO THE INDUSTRY BECAUSE IT ELIMINATES THE NEED FOR INSURERS DOING BUSINESS IN MULTIPLE STATES TO CONTACT THE GUARANTY FUNDS IN EACH STATE FOR THIS INFORMATION. THE ASSESSMENT LIABILITY REPORT INCLUDESBY STATUTORY ACCOUNT OF EACH STATE GUARANTY FUNDTHE MAXIMUM ASSESSMENT (CAPACITY), NET ASSESSABLE PREMIUM, ACTUAL AND PROJECTED ASSESSMENT/REFUND INFORMATION, LINES OF BUSINESS, RECOUPMENT PROVISIONS, ASSESSMENT TYPE AND PROCEDURES. THE NCIGF PUBLISHES THE ASSESSMENT LIABILITY REPORT PRIOR TO EACH QUARTER-END TO ASSIST INSURERS IN ESTIMATING THEIR PROPERTY AND CASUALTY GUARANTY FUND ASSESSMENT LIABILITIES.THE ASSESSMENT REPORTS ARE LOCATED ON THE NCIGF WEB SITE UNDER THE INDUSTRY TAB AND THE DROP-DOWN MENU TITLED "GUARANTY FUND ASSESSMENT LIABILITY INFORMATION." 8) GUARANTY SUPPORT INC. (GSI) DELIVERS DATA SERVICES FOR INSURANCE RECEIVERS, GUARANTY FUNDSTHROUGHOUT 2017, GUARANTY SUPPORT INC. (GSI), A WHOLLY OWNED SUBSIDIARY OF THE NCIGF, CONTINUED TO STRENGTHEN ITS ROLE AS A DELIVERER OF DATA SERVICES TO THE RECEIVERSHIP AND GUARANTY FUND COMMUNITIES.GSI IS POSITIONED TO HELP RECEIVERS WITH THESE ISSUES, AS WELL AS TO DELIVER A WHOLE RANGE OF PRODUCTS AND SERVICES TO THE PROPERTY AND CASUALTY GUARANTY COMMUNITY. IN 2017 THE COMPANY COMPLETED ITS SECOND FULL YEAR OF OPERATION.GSI PROVIDES A RANGE OF DATA MANAGEMENT AND SUPPORT SERVICES TO INSURANCE RECEIVERS, GUARANTY FUNDS, REGULATORS AND OTHERS VIA INNOVATIVE, PROACTIVE SOLUTIONS THAT DRAW ON THE NCIGF'S MANY YEARS OF SUCCESSFULLY ADDRESSING DATA CHALLENGES AND SOLVING RELATED PROBLEMS. SEE SCHEDULE O FOR CONTINUED 2017 ACCOMPLISHMENTS9) SPECIAL FUNDING COMMITTEE: WORKING TO ENSURE GUARANTY FUND READINESSCREATED IN 2015 BY THE NCIGF BOARD OF DIRECTORS, THE NCIGF SPECIAL FUNDING COMMITTEE (SFC) IS CHARGED WITH ENSURING THE ONGOING FUNDING OF THE PROPERTY AND CASUALTY GUARANTY FUND SYSTEM AND KEEPING THE SYSTEM IN A STATE OF OPERATIONAL AND FINANCIAL READINESS REGARDLESS OF THE VOLUME OF INSOLVENCY ACTIVITY. COMPRISED OF INDUSTRY AND GUARANTY FUND REPRESENTATIVES, THE SFC THROUGHOUT 2017 CONTINUED ITS WORK TO FULFILL KEY CHARGES BY IDENTIFYING NEEDED CHANGES TO EXISTING POLICIES, LAWS AND PRACTICES IN THE GUARANTY FUND SYSTEM, ALL WITH THE GOAL OF DELIVERING ONGOING RESOLUTION SYSTEM READINESS.10) 2017 NCIGF CONFERENCES THREE CONFERENCES WERE HOSTED IN 2017: THE NCIGF ANNUAL CONFERENCE IN MINNEAPOLIS, MINNESOTA, THE NCIGF LEGAL SEMINAR IN NEW YORK, NEW YORK AND THE NCIGF FALL WORKSHOP IN ST. LOUIS, MISSOURI. 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 19 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 SUITE 1020 INDIANAPOLIS IN 46204 CHARLES F RENN CHAIR 1.00 X X 0 0 0 D KEITH BELL VICE CHAIR 1.00 X 0 0 0 CHAD ANDERSON DIRECTOR 1.00 X 0 0 0 CHARLES P BREITSTADT DIRECTOR 1.00 X 0 0 0 PAUL GULKO DIRECTOR 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 BRANDON E LASALLE DIRECTOR 1.00 X 0 0 0 WILLIAM M LYNCH DIRECTOR 1.00 X 0 0 0 MIKE MARCHMAN DIRECTOR 1.00 X 0 0 0 JOYCE HALL MELLINGER DIRECTOR 1.00 X 0 0 0 SANDRA J ROBINSON DIRECTOR 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 CINA D WELCH DIRECTOR 1.00 X 0 0 0 JOHN C WELLS DIRECTOR 1.00 X 0 0 0 WAYNE D WILSON DIRECTOR 1.00 X 0 0 0 DEBRA G WOZNIAK DIRECTOR 1.00 X 0 0 0 ROGER H SCHMELZER PRESIDENT PRESIDENT, CHIEF EXECUTIVE 40.00 X 353559 0 31776 AMY J CLARK VP V.P.-CHIEF FINANCIAL OFFIC 40.00 X 165752 0 16083 BARBARA F COX SVP S.V.P.-LEGAL&REGULATORY AF 40.00 X 200328 0 34250 ROBERT N CREWS VP V.P.-GUARANTY FUND SERVICE AND COMMUNICATIONS 40.00 X 152184 0 30500 ANDREW D HOLLADAY VP V.P.-CHIEF INFORMATION OFF 40.00 X 164904 0 19012 MARK D STECKBECK ASST VP V.P.-LEGAL AFFAIRS, ASST. 40.00 X 201023 0 14836 1237750 0 146457 6 0 1 0 FAEGRE BAKER DANIELS 300 N MERIDIAN ST INDIANAPOLIS IN 46204 FEDERAL EDUCATION SERVICES 428640 LOCKE LORD LLP 111 SOUTH WACKER DR CHICAGO IL 60606 LEGAL CONSULTING SERVICES 427414 2 MEMBERSHIP DUES & ASSE 900099 3693129 3693129 REGISTRATION INCOME-WO 900099 143998 143998 3837127 38659 38659 3875786 3837127 0 38659 1096662 499945 248060 177470 113994 476692 70419 12399 141046 71566 41261 92001 203504 259495 16951 80545 DUES & SUB. 67540 FEDERAL PROXY TAX 4383 3673933 250 250 2286241 2440003 533035 171677 27765 50797 366964 331963 38598 35001 115541 151290 218492 4702577 3219922 7551595 578335 4777377 1086 0 1142309 1131299 1721730 5908676 X 1498192 1642919 1498192 1642919 3219922 7551595 X 201853 -57126 X X 0 1 X 1 0 0 0 0 3693129 12399 12399 12399 366964 331963 35001 35001 SECURITY DEPOSITS 13200 INVESTMENT IN GSI 104810 RESTRICTED CASH - ESCROW FUNDS HELD 4584567 4702577 DEFERRED COMPENSATION 151290 PENSION LONG TERM LIABILITY 980009 1131299 X 3875786 0 3875786 0 3875786 3673933 0 3673933 0 3673933 PART X, LINE 2: NOTE TO CONSOLIDATED FINANCIAL STATEMENTS 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 $4,400 AND $1,700 FOR 2017 AND 2016, 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 OVERAL 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, 2017 AND 2016, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE ACCOMPANYING 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. X X X X 0 0 0 ROGER H SCHMELZER PRESIDENT PRESIDENT, CHIEF EXECUTIVE 251516 0 76384 0 25659 0 11379 0 20397 0 385335 0 0 0 AMY J CLARK VP V.P.-CHIEF FINANCIAL OFFIC 133184 0 31600 0 968 0 7596 0 8487 0 181835 0 0 0 BARBARA F COX SVP S.V.P.-LEGAL&REGULATORY AF 165299 0 31600 0 3429 0 9444 0 24806 0 234578 0 0 0 ROBERT N CREWS VP V.P.-GUARANTY FUND SERVICE AND COMMU 129519 0 20000 0 2665 0 6241 0 24259 0 182684 0 0 0 ANDREW D HOLLADAY VP V.P.-CHIEF INFORMATION OFF 132641 0 31600 0 663 0 7527 0 11485 0 183916 0 0 0 MARK D STECKBECK ASST VP V.P.-LEGAL AFFAIRS, ASST. 182705 0 16296 0 2022 0 4454 0 10382 0 215859 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 -57,126. 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 GUARANTEE FUNDS INC C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0