2013-05-13T11:28:05-05:00 2012-12-31 HARBESON FLETCHER & BATEH LLP 637 PARK ST JACKSONVILLE FL 32204 990 2012-01-01 592874344 MACHINERY INSURANCE INC AN ASSESSABLE MUTUAL INSURER % FITZHUGH K POWELL SR MACH 9043533181 219 NEWNAN ST Suite JACKSONVILLE FL 32202 FITZHUGH K POWELL SR 9043533181 2013-05-10 true 9043566023 2012 2016-02-24 21:20:13Z FITZHUGH K POWELL SR 219 NEWNAN ST JACKSONVILLE FL 32202 1102753 false X N/A X 1988 FL PROVIDING SURETY BONDS FOR ITS PRINCIPALS OBLIGATING THE COMPANY TO INDEMNIFY THIRD PARTIES SHOULD THE PRINCIPAL FAIL TO PERFORM AS PROMISED. 6 6 0 0 0 0 154832 182926 40721 6048 1374 0 196927 188974 0 0 0 0 11000 8000 0 0 0 123123 148465 134123 156465 62804 32509 2433812 2495083 120917 124589 2312895 2370494 PROVIDING SURETY BONDS FOR ITS PRINCIPALS OBLIGATING THE COMPANY TO INDEMNIFY THIRD PARTIES SHOULD THE PRINCIPAL FAIL TO PERFORM AS PROMISED. false false 156465 182926 SURETY BONDS FOR PRINCIPALS OBLIGATING THE COMPANY TO INDEMNIFY THIRD PARTIES SHOULD THE PRINCIPAL FAIL TO PERFORM AS PROMISED. 156465 false false false false false false false false false true false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false 6 0 true 0 false false false false false false X 6 6 true false false false true true true true false false true true true true false true false X FITZHUGH K POWELL SR 9043533181 219 NEWNAN ST JACKSONVILLE FL 32202 FITZHUGH K POWELL SR 2.0 0.0 X X 1500 0 0 RONALD T ROY 0.0 0.0 X X 1500 RANDAL L RINGHAVER 0.0 0.0 X X 1500 ROSEMARY G KLEMMT 4.0 0.0 X X 1000 STEPHEN CUMELLA 0.0 0.0 X 1500 FITZHUGH K POWELL JR 0.0 0.0 X 1000 8000 0 0 0 false false false NA 0 0 INSURANCE PREMIUMS EARNED 524298 182926 182926 182926 30435 30435 0 0 0 0 0 889392 913779 -24387 -24387 0 0 0 0 188974 182926 30435 0 0 0 0 8000 8000 0 0 0 0 0 31000 31000 1025 1025 22850 22850 0 0 1875 1875 0 3614 3614 3050 3050 0 0 0 0 0 0 0 0 0 1520 1520 COMMISSIONS 62655 62655 FEES, LICENSES & TAXES 6262 6262 RATING SERVICE 6600 6600 STATUTORY LOSS RESERVE 7800 7800 214 214 156465 156465 0 0 1803249 1906086 0 0 32671 16399 0 0 0 0 0 0 0 0 0 0 0 325717 298681 250000 250000 0 0 0 0 22175 23917 2433812 2495083 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 120917 124589 120917 124589 X 0 0 163500 163500 2149395 2206994 2312895 2370494 2433812 2495083 X 32509 25090 X false true X true FL DEPT OF INSURANCE DEPOSIT 250000 C 250000 0 STATUTORY LOSS RESERVES 51100 UNEARNED PREMIUMS 71992 PREMIUM TAXES PAYABLE 991 HURRICANE ASSESSMENT PAYABLE 506 124589 207647 21210 -2537 18673 188974 188974 148097 -8368 -8368 156465 156465 OTHER AMOUNTS INCLUDED ON PART XII, LINE 1 BUT NOT ON FORM 990 SCHEDULE D - PART XII, LINE 2D GAAP EARNED PREMIUMS IN EXCESS OF STATUTORY $(5,306) FOREIGN CURRENCY TRANSLATION ADJUSTMENT $ 2,769 TOTAL $(2,537) OTHER AMOUNTS INCLUDED ON PART XIII, LINE 1 BUT NOT ON FORM 990 SCHEDULE D - PART XIII, LINE 2D STATUTORY LOSS RESERVE $(7,800) POLICY ACQUISITION COSTS INCREASE FOR GAAP $ (568) TOTAL $(8,368) FIN 48 (ASC 740) FOOTNOTE SCHEDULE D, PART X, LINE 2 THE COMPANY FILES AN ANNUAL INFORMATION TAX RETURN (FORM 990) WHICH IS SUBJECT TO EXAMINATION BY THE IRS FOR A PERIOD OF GENERALLY UP TO THREE YEARS AFTER FILING. MANAGEMENT CONTINUALLY MONITORS AND EVALUATES EXPIRING STATUTES OF LIMITATIONS, CHANGES IN TAX LAWS AND NEW AUTHORITATIVE RULINGS. THE COMPANY BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. REVIEW OF FORM 990 PART VI, SECTION B, LINE 11B ORGANIZATION DISTRIBUTES ITS FORM 990 ANNUALLY TO BOARD MEMBERS FOR REVIEW & COMMENT PRIOR TO FILING. CONFLICT OF INTEREST POLICY PART VI, SECTIONS B, LINE 12A-C ORGANIZATION'S OFFICERS AND DIRECTORS ARE REQUIRED TO DISCLOSE ANNUALLY IN WRITING ANY KNOWN INTERESTS THAT MIGHT BE POTENTIAL CONFLICTS OF INTEREST. DISCLOSURE OF INFORMATION TO THE PUBLIC PART VI, SECTION C, LINE 19 UPON REQUEST, ORGANIZATION WILL MAKE AVAILABLE TO THE PUBLIC COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS. RECONCILIATION OF NET ASSETS PAGE 12, PART XI, LINE 5 - OTHER CHANGES IN NET ASSETS OR FUND BALANCES UNREALIZED INVESTMENT GAINS $ 21,210 FOREIGN CURRENCY TRANSLATION ADJUSTMENT $ 2,769 CHANGE IN FUTURE INVESTMENT INCOME $ 1,111 TOTAL $ 25,090 GOVERNING BODY AND MANAGEMENT PAGE 6, LINE 2 - BOARD RELATIONSHIPS ORGANIZATION'S PRESIDENT HAS A FAMILY MEMBER WHO SERVES AS A MEMBER OF THE BOARD OF DIRECTORS